Type of Benefit | Fiscal | ||||||||||||||||||||||||||||||||
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Benefit Details | Eligible startups shall be provided interest subsidy of 8% per annum for a period of 3 years on the rate of interest paid on loans obtained from scheduled banks/financial institutions subject to a maximum limit of Rs. 4 lakhs per year. |
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Eligibility Criteria | Entrepreneurs/startups running in the incubators need to be registered as company or under MSME Act, Govt of India before availing incentives. | ||||||||||||||||||||||||||||||||
Application Procedure | Apply to Nodal Agency. |
Type of Benefit | Fiscal |
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Benefit Details | Rs. 10,000/- per month will be provided to the innovator as sustenance allowance for one year. |
Eligibility Criteria | Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee. |
Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | Innovators can use facilities available in the recognised institutions for startups |
Eligibility Criteria | Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee. |
Application Procedure |
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Type of Benefit | Non-Fiscal |
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Benefit Details |
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Eligibility Criteria | Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee. |
Application Procedure |
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Type of Benefit | Fiscal |
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Benefit Details | Marketing/publicity assistance of up to Rs. 10.00 lakhs will be provided for the introduction of innovative product in the market. |
Eligibility Criteria | Any individual/group of individuals having innovative idea/Concept will be eligible whose project is recommended and approved by institution’s Screening Committee. |
Application Procedure |
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