Priyanka Poojary
Haryana government newly started Financial Assistance Scheme to support Start-ups in the state. This scheme was launched by Chief Minister Manohar Lal Khattar. Under this scheme the state government will provide a seed grant of upto Rs. 10 lakhs to the start-ups in the state. Along with the seed capital start-ups will also get lease rental subsidy of upto Rs. 5 lakhs, interest subsidy of 8% upto Rs. 20 lakhs, 100% SGST reimbursement for seven years and other such incentives. It will create new employment opportunities in the state. This scheme will cover the start-ups with Udhyam Registration Certificate (URC) and Haryana Udhyam Memorandum (HUM). Start-up firm/ unit must be in the line of commercial production or operation will be eligible under this scheme. This scheme intends to build strong startup ecosystem in the state.
Overview:
| Scheme | Financial assistance scheme to support start-ups |
| Scheme Under | Haryana Government |
| Launched By | Chief Minister Manohar Lal Khattar |
| Beneficiaries | Start-ups in the state |
| Benefit | Seed grant of upto Rs. 10 lakhs, lease rental subsidy, interest subsidy, SGST reimbursement and other such incentives |
| Major Objective | To provide assistance and encourage the new and existing start-ups thereby creating a strong start-up ecosystem in the state. |
Scheme Objectives and Benefits:
- The main objective of the scheme is to support the new and existing start-ups in the state.
- Under this scheme the state government will provide a seed grant of upto Rs. 10 lakhs to the start-ups in the state.
- State government will also provide lease rental subsidy of upto Rs. 5 lakhs, interest subsidy of 8% upto Rs. 20 lakhs, 100% SGST reimbursement for seven years and other such incentives.
- New job opportunities will be generated with more and more start-ups in operation in the state.
- It tends to provide assistance to the start-ups to flourish.
- This scheme will also enable increased productivity and innovation.
- In the long run, it will impact increased economic growth and development in the state.
Scheme Details:
- Chief Minister Manohar Lal Khattar launched Financial assistance scheme to support the startups in the state.
- This scheme will operate under the Haryana Enterprises and Employment Policy 2020.
- Under this scheme 100 startups in the A category blocks, 200 startups in B category block and 300 startups in C category blocks and 400 startups in D category blocks will be provided with seed capital.
- This scheme will cover the start-ups with Udhyam Registration Certificate (URC) and Haryana Udhyam Memorandum (HUM).
- Under this scheme the state government will provide a seed grant of upto Rs. 10 lakhs to the start-ups in the state.
- Along with this the General startups will get 30% lease rental subsidy and startups with women founders will get 45% lease rental subsidy of upto Rs. 5 lakhs.
- Interest subsidy of 8% upto Rs. 20 lakhs each year for a period of five years, 100% SGST reimbursement for seven years and 150% FCI (Fixed Capital Investment) will also be provided to the startups
- State government will provide 100% reimbursement of expenses incurred for cloud computing or storage of Haryana based data centres for upto Rs. 1 lakh each year for a period of three years.
- Financial assistance of Rs. 2.5 lakhs will be provided to startups to attends national acceleration programs and Rs. 5 lakhs for international acceleration programmes.
- Five member committee will be set up for selecting startups for providing seed grant.
- Under this scheme the state government has also decided that Director General, Micro, Small and Medium Enterprises will sanction the subsidies within thirty days of claim completion.
- In case of frauds at any stage, the startup committing fraud will have to refund entire assistance amount with a compound interest of 12% per annum.
- This scheme tends to create new job opportunities for the youth in the state
- This scheme will build a strong base and ecosystem of start-ups in the state.
