Refund of Patent Cost

Refund of Patent Cost

How to Get Maximum Subsidy Under Patent Registration Scheme?

 

“Refund of Patent cost” has been notified under the provisions of “Haryana Enterprises & Employment Policy, 2020”, with an objective to promote the regulation of patents among the enterprises and protect their innovation in the era of globalization or secure their rights over their traditional product/process and have thus, made provision for grant of financial assistance on grant of patent registration.

1. Have you started your Business After Ist Jan 2021 ?

The Incentives under this policy applicable for business who start up  their operations after Ist Jan 2021 and this scheme is valid for 5 years till 31^st Dec. 2025.

MSMEs which have acquired patent registration on or after 01.01.2021 and before 31.12.2025 shall be eligible under this scheme.

2. Objective of Scheme

The objective of the said policy is to promote the regulation of patents among the enterprises and protect their innovation in the era of globalization or secure their rights over their traditional product/process and have thus, made provision for grant of financial assistance on grant of patent registration.

3. Your Business Eligibility for subsidy under this scheme.

MSMEs which have acquired patent registration on or after 01.01.2021 and before 31.12.2025 shall be eligible under this scheme.

The Industrial Units must comply for the following conditions at the time of application:

• The unit  should  have filed  Udyam  Registration  Certificate  (URC)  and Haryana  Udhyam Memorandum (HUM) on the portal for the statistical purpose, at any stage.

• The item of manufacture of the unit should not fall in the restrictive list as notified by the State Government from time to time.
• The unit should have obtained NOC/CLU from competent authority, if applicable.
• The unit should be in commercial production.
• The unit should be in regular production at the time of disbursement and the assistance shall not be released to the closed unit.

4. Your Business Can get Maximum Subsidy.

Financial support by reimbursement of 100% of the actual expenses (including filing fees, consultancy fees, search fees, maintenance fees and Publishing fees) with a maximum of INR 25 lakhs for domestic and international patent registrations.

5. Documents Required for Subsidy Claims.

The following documents are required in order to apply for the scheme:

1. Copy of Udyam Registration Certificate (URC) and Haryana Udhyam Memorandum (HUM).
2. Certificate of Incorporation/ Partnership deed/Partnership registration/ Co-operative society registration.
3. Board resolution/ Power of attorney.
4. Change of Land Use (CLU)/ NOC from competent authority, if applicable.
5. Copy of Patent Registration certification.
6. Undertaking/Declaration on non-judicial stamp paper.
7. CA certificate of Expenditure (in original) giving details.
8. Copy of the bills raised by certifying agency and proof of payment thereof, product broachers.
9. Copy of GST return/Audited Balance Sheet for last financial year.

If you are planning for this then contact us at- 9017151780

We at KIP provide assistance in new business opportunity and many subsidy schemes applicable on various businesses. So, if you want to know more subsidy schemes visit-

• Collateral Free Credit Guarantee Scheme- https://kipfinancial.com/collateral-free-credit-guarantee-scheme/
• Electric Duty Exemption– https://kipfinancial.com/electric-duty-exemption/
• Testing Equipment Scheme– https://kipfinancial.com/testing-equipment-scheme/
• Employment Generation Subsidy Scheme- https://kipfinancial.com/employment-generation-subsidy/

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