“Start-up Registration Scheme” under Haryana State Start-up Policy
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Start–up Registration करवाएं
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Well in this blog we will discuss about under Haryana State Start-up Policy, 2022 i.e., “Start-up Registration Scheme”.
There are various Indian companies which started their initial journey as a start-up have now turned their business to global level. Young entrepreneurs have a lot of potential & in order to use their potential for innovation, Haryana Government took various steps by announcing the above said policy which primarily focuses on financial support, ease in regulation, infrastructure & entrepreneurship development.
Some of the unicorn start-ups in Haryana include Zomato, Policy Bazaar, Delhivery, Cars24, etc. The Haryana government have a mission of at least 5000 new start-ups in the state & promote start-ups at distinct locations which will lead to more employment generation.
During the early years, the start-ups need financial support. It encourages people to take entrepreneurship as their career option. Thus, Government have proposed various incentives for start-ups to boost entrepreneurship in the state. To know more about it Book your Free Consultancy- https://forms.gle/xye2nyGYMSumfpUB9
Registration of Startups:
Start ups will be registered in 2 Categories as follows:
Certificates for Registration of start-ups for Policy Benefit shall be issued to start-up as per categories defined above. All start-ups have to register with Start-up Haryana Cell to get benefits of said policy.
Financial Assistance/Subsidy/Benefits Available to Start-Ups
Financial Assistance is available to Category – I start-ups only.
- Lease Rental Subsidy for 1 year (Max. 5 Lacs) as follows –
- 30% Lease Rental Subsidy for General Start-ups.
- 45% Lease Rental Subsidy for Start-ups with only women founders.
- Net SGST Reimbursement @ 50% for 7 years (Max. 100% of Fixed Capital Investment) irrespective of the block in which the entity falls.
- Seed-Funding –
Seed Grant would be available to a no. of start-ups upto Rs. 10 Lacs per start-up block-wise as follows –
Eligible Entities as Start-up
- Partnership Firm
- Limited Liability Partnership
- Private Limited Co.
An entity shall be considered as start-up :
- For a period of 10 years from the date of incorporation/registration.
- Turnover of the entity should not have exceeded 100 Crores for any F.Y. since incorporation/registration.
- Entities working in field of innovation, development/improvement of products/processes/services.
Note: An Entity formed by splitting-up/reconstruction of an existing business shall not be considered as start-up.
In other words, the entity should be newly registered/incorporated, as the case may be.
Period of Applicability of Scheme:
The Policy will be applicable for period of 5 years from the date of its notification i.e. 7th July, 2022.
If you are planning to work towards innovation, development/improvement of products/services & want to avail subsidy benefits. Then, register as a start-up (Category – I) in Haryana & avail various benefits as discussed above. So, plan accordingly.
So, if you are planning to set-up and under the above said categories. Then, You can enjoy maximum benefits out of above said policy. So, plan accordingly and take maximum benefits out of it.
If you want to know more about Start- up, then click here :- https://kipfinancial.com/startup-business-registration-and-benefits/
Want to know more subsidy on Start-up Registration then click here :- https://forms.gle/sezZ8AbB87RuHChE9
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