Maharashtra government’s scheme for start-ups

To provide assistance to the start-ups for boosting setting up of new ones thereby generating more employment opportunities

Maharashtra government has come up with a scheme to provide assistance to the start-up ventures in the state. The assistance was announced by the CMO Maharashtra, Uddhav Thackeray, on February 2, 2021. Maharashtra government tends to encourage start-ups by providing financial assistance to file and register patents as well as quality testing and certification. About Rs, 10 lakhs will be provided to the start-ups to get patents and Rs. 2 lakhs will be provided for quality testing and certification. The scheme will function in phases whereby in the first phase around 125-150 start-ups will be provided with financial assistance. It will thereby build a strong start-up ecosystem in the state.

Overview:

Initiative:Financial assistance to Start-ups in the state
Scheme Under:Maharashtra Government
Launch Date:February 2, 2021
Beneficiaries:Start-ups across the state
Major Objective:To provide assistance to the start-ups for boosting setting up of new ones thereby generating more employment opportunities
Assistance:
  • Rs. 10 lakhs for filing patents;
  • Rs. 2 lakhs for quality testing and certification

List of scheme lunched by Maharashtra Government

Objectives and Benefits:

  • The main objective of the initiative is to provide financial assistance to the start-ups
  • This scheme will enable to generate employment opportunities in linked sectors
  • It will ease the process and will assist the finance burden on the youth while starting a new venture
  • It will encourage the youth to take up more and more self-employment opportunities
  • This scheme will also enable increased productivity and innovation
  • In the long run, it will impact increased economic growth and development in

Key Points:

  • CMO Maharashtra- Mr. Uddhav Thackeray, announced a scheme on February 2, 2021, for providing assistance to the start-ups in the state
  • Under this initiative, the state government tends to provide financial assistance for registering and filing patents
  • It also tends to cover quality testing and certification for start-ups
  • Under this initiative, about Rs. 10 lakhs will be provided to the start-ups to file the patent for their venture
  • Around Rs. 2 lakhs will be provided to the start-ups for quality testing certification
  • Maharashtra State Innovation Society will provide 2 lakhs for domestic patents or up to 80& of the total cost of registration
  • 10 lakhs will be provided for international patents or up to 80& of the total cost of registration
  • This scheme tends to provide to increase employment opportunities in the state
  • It aims at encouraging new ideas and new innovations in the form of start-ups
  • Government tends to conduct skill development programmes and launch different schemes for boosting start-up ecosystem in the state in future

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