Startup Policy Haryana

Dear Businessman,

The Haryana State Startup Policy 2022 has created a robust framework for startups in the state, providing financial assistance and support to nurture innovation and entrepreneurship. Here’s a detailed breakdown of this initiative and how startups can benefit:

1. Introduction to Haryana State Startup Policy 2022

Launch Year: 2022
Purpose: To boost the startup ecosystem across Haryana.
Recent Notification: The seed funding scheme was notified on 23rd July 2024.

2. Seed Funding Scheme Overview

Financial Assistance: Up to ₹10 lakh per startup unit.
Objective: To provide grants to startup units for various development stages.

3. Block-Wise Funding Targets

Block A: 100 units
Block B: 250 units
Block C: 700 units
Block D: 1000 units

4. Utilization of Seed Grant

Idea Development: Support for formulating and developing concepts.
Proof of Concept: Assistance for validating ideas.
Market Development: Funding for marketing and promotional activities.
Travel: Expenses related to market research.
Basic Equipment: Purchase of necessary machinery and consumable items.

5. Eligibility Criteria

Startup Registration: Must be recognized by the Ministry of Commerce, Government of India, under DPIIT.
Haryana Registration: Registration as a startup unit in Haryana is mandatory.
Location: The registered office must be in Haryana.
Presentation: Business concept presentation required with a pitch deck.
Evaluation Criteria: Uniqueness, market potential, national importance, employment generation, and marketing strategies.
Qualifying Score: Minimum 60 out of 100 eligible marks.

6. Seed Grant Disbursement

Installment Plan:
- First Installment: 50%
- Second Installment: 40%
- Third Installment: 10%
Total Grant: Disbursed upon approval of proposals.

7. Duration and Implementation

Policy Duration: From 7th July 2022 to 6th July 2027.
Application Window: Startups can apply during the five-year implementation period.

8. Additional Benefits and Provisions

Sectors Covered: Manufacturing and service provider startups.
Maximizing Subsidies: Opportunities to benefit from various schemes and policies under startup policies.

9. Key Points to Remember

DPIIT Recognition: Essential for eligibility.
Haryana Government Startup Registration: Required for application.
Innovation and Uniqueness: Crucial for securing seed grants.

10. Conclusion

The Haryana State Startup Policy 2022 offers a valuable opportunity for startups to access seed funding and support. If you are planning a business in Haryana and have innovative ideas, connect with KIP for consultancy services to maximize these benefits.

By engaging with KIP, startups can efficiently navigate the policies and gain insights into subsidy provisions, enabling them to leverage the opportunities offered by the Haryana government.

Reach Us

Call Us : 8683898080

E-mail Us : sales@kipfinancial.com

KIP Financial Consultancy Pvt. Ltd.

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