Startup Subsidy in Uttarakhand | Startup India

The Startup Subsidy in Uttarakhand aims to boost innovation, encourage entrepreneurship and provide employment. The Government of India instituted the Startup India Subsidy to support businesses with financial aid and establish a conducive atmosphere for business growth.

The Startup Subsidy in Uttarakhand holds the importance of supporting local entrepreneurs, encouraging the establishment of new and independent startups to boost the economic development of the state. Read the following article to know more about the Startup Subsidy in Uttarakhand and learn how our team of experts at Professional Utilities can help you redeem the eligible schemes for your startup.

Some of the benefits of Startup Subsidy in Uttarakhand that the startups can redeem are listed below.

The Startup Subsidy in Uttarakhand offers maximum subsidy rates and amount to the entrepreneurs to ensure prevention of exploitation or unfairness of the intermediary. The Startup Subsidy in Uttarakhand is categorized under 14 programs which are listed below:

• Special Incentive Scheme for Women Entrepreneurs

  Categories	Subsidy Rate	Subsidy Amount	Limitations
  Capital Subsidy	25%	Rs 25 lakhs	-
  Interest Subsidy	6% on bank loan taken by the entrepreneurs	Maximum of Rs 5 lakhs per year per unit	Only for one year

• Monthly Allowance

  Subsidy Rate	Subsidy Amount
  NA	Rs 10,000 (Rs 15,000 for Startups operated by SC/ST/women/physically challenged or belonging to 1st point regions in location)

• Patent (Intellectual Property)

  Subsidy Rate	Subsidy Amount	Limitations
  Up to 100% reimbursement of actual cost of Start-up Patent fees (including filing fees, attorney fees, research fees, maintenance fees)	Up to Rs 1 lakh	Only for Indian patent
  	Up to Rs 5 lakh	Only for International patent

• Capital Grant

  Subsidy Rate	Subsidy Amount	Limitations
  One-Time Capital Grant of 50% of capital cost (excluding cost of building and land)	Up to Rs 1 crore	Only to set up or scale up incubation facility

• ETP Subsidy

  Subsidy Rate	Subsidy Amount
  30%	Up to Rs 20 lakhs

• Interest Subsidy

  Subsidy Rate	Subsidy Amount	Limitations
  5%	Maximum of up to Rs 3 lakhs	Only applicable for term loans availed from scheduled commercial banks or financial institutions

• Rebate on Lease/Rental Space

  Subsidy Rate	Subsidy Amount	Limitations
  Reimbursement up to 25% of lease/rental charges for the space for MSME IT/ITeS units and incubators established in the state	Maximum limit of Rs 10 lakhs per year for 1st and 2nd point in location and Rs 5 lakhs for 3rd and 4th point in location	Only for a period of 3 years for MSME IT/ITeS units and for a period of 5 years for incubators from the date of commencement of commercial operations

• Subsidy for BPO with Women Employees

  Subsidy Rate	Subsidy Amount	Limitations
  Reimbursement on lease rentals up to 50% of the total seat employed by women for the given year	Maximum limit of Rs 50,000 for 1st and 2nd point in location and Rs 30,000 for 3rd and 4th point in location	For the first 3 years only

• Mega Textile Park Policy 2014

  Categories	Subsidy Rate	Subsidy Amount	Limitations
  Interest Subsidy	7% interest subsidy	Maximum of Rs 50 lakhs	7 years
  Power Assistance	100% rebate on Electricity Duty	Reimbursement of Rs 1 per unit on power bill	5 years from date of Commercial Production

• Uttarakhand Electric Vehicle Manufacturing, EV Usage Promotion and Related Services Infrastructure Policy 2018

  Categories	Subsidy Rate	Subsidy Amount	Limitations
  Interest Subsidy	1. For MSMEs - 5-10% 2. For Heavy Industries - 5% 3. For Large - 7% (Max. 25 Lakhs) 4. Mega - 7% (Max. 35 Lakhs) 5. Ultra Mega - 7% (Max. 50 Lakhs) n	1. For Large - Max. 25 Lakhs 2. Mega - (Max. 35 lakhs) 3. Ultra Mega - (Max. 50 Lakhs)	5 years from date of Commercial Production
  Electricity Duty Exemption	100%	NA	5 years after adjustment of input tax credit
  EPF Reimbursement	50% reimbursement	2 Crore	For a period of maximum 5 years

• Uttarakhand Electric Vehicle Manufacturing, EV Usage Promotion and Related Services Infrastructure Policy 2018 - SGST Reimbursement

  Subsidy Rate	Subsidy Amount	Limitations
  For MSME & Large - 30%	Up to Rs 20 Lakhs	For investment above 50 Crore
  For investment above 50 Crore - 50%	Up to Rs 50 Lakhs

• Environment Protection Incentives

  Subsidy Rate	Subsidy Amount	Limitations
  For Large Projects: 30% For Large, Mega and Ultra Mega Projects: 30%	Max. Rs 20 lakhs	For a period of maximum 5 years

• Uttarakhand Aroma Park Policy - Interest Subsidy

  Subsidy Rate	Subsidy Amount	Limitations
  6%	Max. up to 4 lakhs per annum	For a period of maximum 5 years

• Biotechnology Policy 2018-23 - Marketing Incentives

  Subsidy Rate	Subsidy Amount
  Reimbursement of 30% of the actual costs incurred for marketing programs	Rs 2 Lakhs per year per company