What you get
Under the policy, the following incentives are provided: | - A monthly allowance of ₹15,000/- per month for one year to entrepreneurial startups, and ₹20,000/- per month to women entrepreneurs, person from Scheduled Caste, Scheduled Tribes, Divyang, transgender startups, or those based on grassroots innovations. | - One-time seed funding of up to ₹10 lakh for recognized startups, and up to ₹12.50 lakh for women entrepreneurs, scheduled caste, scheduled tribes, Divyang, transgender, or grassroots innovation-based startups. | - Reimbursement assistance of ₹1 lakh per national patent and ₹5 lakh per international patent. | - Reimbursement assistance of ₹10,000/- for filing applications for trademarks and industrial designs. | - Financial incentives under the MSME policy, such as special capital subsidy, interest subsidy, stamp duty exemption, and SGST reimbursement assistance. | - One-time free assistance for pre-incubation and incubation support. | - Capital subsidy of up to ₹1 crore for setting up new incubation centres and up to ₹50 lakh for expanding existing incubation centres. | - Provision of ₹200 crore for setting up a venture fund.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who can be considered a startup under this policy?
A startup is an entity registered as a Private Limited Company, LLP, or Registered Partnership Firm that meets the criteria of innovation, scalability, employment or wealth generation potential, and complies with turnover and age limits specified in the policy.
What is the maximum age of a startup to be eligible under this policy?
The startup should not be more than ten years old from the date of incorporation.
What is the turnover limit for startups under this policy?
The turnover of the startup should not exceed ₹100 crore in any financial year since incorporation.
What is the monthly allowance provided to startups?
Startups receive ₹15,000 per month for one year. Women/SC/ST/Divyang/transgender or grassroots innovation-based startups receive ₹20,000 per month.
Are there other financial incentives available?
Yes, startups can avail incentives under the MSME policy, including special capital subsidy, interest subsidy, stamp duty exemption, and SGST reimbursement assistance.
Is incubation support provided under the policy?
Yes, one-time free assistance is provided for pre-incubation and incubation support.
What is the capital subsidy for incubation centres?
Up to ₹1 crore is available for setting up new incubation centres and up to ₹50 lakh for expanding existing centres.
Is there any provision for a venture fund?
Yes, the policy provides ₹200 crore for setting up a venture fund to support startups.
Can startups registered outside Uttarakhand apply?
Yes, provided they have an office in Uttarakhand and conduct substantial business operations through that office.
How can startups apply for benefits under the policy?
Applications must be submitted online through the portal https://startuputtarakhand.uk.gov.in/.