All Government Schemes

💰Financial assistance is available for a minimum amount of ₹5,00,000/- and a maximum amount of ₹150,00,000. | - An interest concession of 1% less than the normal rate is provided for 'A' Category borrowers. | - The loan funds are intended to be used to acquire fixed assets for setting up of new units. | - The loan funds are intended for expansion, modernization, purchase of balancing equipment, and replacement of machinery or equipment of existing units. | - The repayment period is 3 to 5 years, excluding the moratorium period. | Conditions | - _Fixed assets in existing units assisted by other institutions or banks must be free from encumbrance._ | - _Collateral security in the form of immovable property must be offered as per the lending policy of the Corporation._ | - _The value of immovable property situated in the Union Territory of Puducherry to be offered shall be not less than the amount of term loan sanctioned._ | - _If the immovable property is situated outside the Union Territory of Puducherry, the value must be not less than 150% of the loan amount in the case of land with building._ | - _If the immovable property situated outside the Union Territory of Puducherry is only land, the value of the same shall be not less than 200% of the loan amount._

Scheme Of Assistance To Good Borrowers: ‘A’ Category

The scheme aims to provide special financial assistance to existing good borrowers who have maintained an excellent track record of timely repayment. Benefits include term loans up to ₹150,00,000/- and an interest rate concession of 1% less than the normal rate for modernization, expansion, etc.

💰Financial Assistance: A loan limit of a minimum of ₹5,00,000/- and a maximum of ₹150,00,000/-.- Interest Concession: The borrower receives an interest concession of 1/2% less than the normal rate. | Conditions | - _The collateral security offered in the form of immovable property must be valued by engaging a Chartered Engineer or valuer from the approved panel of the Corporation._ | - _The applicant must acquire fixed assets, such as purchasing balancing equipment, replacement of machinery/equipment, or acquiring assets for setting up new units or expanding/modernizing existing units._ | - _The loan repayment period is 3 to 5 years, excluding the moratorium period._ | - _The applicant must offer collateral security in the form of immovable property._ | - _The value of the immovable property offered as collateral security must not be less than the term loan sanctioned, if the property is situated in the Union Territory of Puducherry._ | - _If the immovable property is situated outside the Union Territory of Puducherry, the value offered must not be less than 150% of the loan amount if it is land with building._ | - _If the immovable property situated outside the Union Territory of Puducherry is only land, the value offered must not be less than 200% of the loan amount._

Scheme of Assistance to Good Borrowers: ‘B’ Category

The scheme aims to support and reward existing industrial units and transport loanees who have maintained a satisfactory repayment track record. It provides term loans ranging from ₹5,00,000/- to ₹150,00,000/- for expansion, modernization, or acquisition of fixed assets.

💰Loan of upto ₹2,00,000/-.

Scheme of Assistance to SC/ST Entrepreneurs

The scheme aims to extend financial assistance to SC/ST Entrepreneurs for setting up new Micro Enterprises or for expansion of existing units. The applications for this scheme are accepted online through the PIPDIC portal.

💰Financial assistance shall be considered up to a maximum of 75% of the project cost. | - The loan is provided for acquiring fixed assets. | - The loan is provided to meet the working capital requirement. | - A concessional rate of interest of 0.5% less than the normal rate is charged for units promoted by Women. | - A 50% concession is provided on the investigation fee. | - The maximum term loan repayment period is 10 years. | Conditions | - _The project cost shall not exceed ₹20,00,000/-._ | - _The Promoter’s contribution must be 25% of the project cost._ | - _The Debt Equity Ratio (DER) shall be 3:1._ | - _Repayment period is a maximum of 10 years, which includes a moratorium period of a maximum of 2 years, depending upon the period of implementation._ | - _Collateral security in the form of immovable property shall be offered as per the lending policy of the Corporation._ | - _Apart from collateral security, proposed fixed assets must be covered by mortgage and/or hypothecation._ | - _For units promoted by women entrepreneurs, the value of the immovable property to be offered as collateral security is reduced and fixed at 50% of the loan amount._

Scheme Of Assistance To Women Entrepreneurs (Mahalir Udavi)

The scheme aims to extend financial assistance to new or existing Micro Enterprises and Small Scale Industry units exclusively promoted by women or having a majority of women entrepreneurs. It provides term loans and working capital assistance up to 75% of the project cost.

💰Financial Support: Up to ₹10,00,000/- assistance is provided for innovative projects which have a significant impact on society,

Scheme or assistance for Start Ups/ Innovation: Assistance to Startups having a Significant Impact on Society

The "Scheme for Assistance for Start Ups/ Innovation" under the Gujarat Industrial Policy, aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions.

💰Start-ups with a promising idea can get a one-time grant of up to ₹ 10,00,000, as determined by the Start-up Promotion Cell (SPC). | - This incentive can be availed by 100 start-ups each year which will be selected by the SPC as per its due diligence and guidelines. | NOTE: Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.

Seed Capital Scheme

The scheme “Seed Capital Scheme” is a scheme by the Department of Information Technology, Electronics and Communications, Government of Goa, for the Startups of Goa. Through this scheme, startups with a promising idea can get a one-time grant of up to ₹ 10,00,000.

💰Capital Contribution | - ₹2,00,000/- per individual, covering 50% of the total project cost. | - ₹3,00,000/- per individual for those with professional qualifications, provided the business activity was linked to their qualifications. | - ₹10,00,000/- maximum for groups, with no restriction on the number of members. | Interest-Free Loan: The capital contribution was interest-free. | Repayment: Repayment was to be made in equal monthly installments within 10 years, with a moratorium period not exceeding one year. | Insurance Cover: Special insurance cover was provided, absolving the beneficiary of outstanding dues in case of death or permanent disability. The insurance premium was ₹200 per,00,000/- or part thereof, to be paid once before disbursal. | Disbursement | - Disbursement of capital contribution was made upon approval of the application by the Task Force Committee. | - The last date for disbursement was 31st January for claims filed between January and June, and 31st July for claims filed between July and December.

Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008

The "Share Capital to Local Entrepreneurs and Self Employed Scheme, 2008" aimed to encourage local youths to start income-generating activities and promote self-employment. The scheme provided financial support for individuals and groups, covering 50% of the project cost.

💰Loan for various economic development schemes having unit cost up to ₹50,000/-. | - Margin Money at 10% of the project cost. | - Subsidy at 50% of the total project cost, subject to a maximum of ₹10,000/-.

Shilpi Samridhi Yojana

"Shilpi Samridhi Yojana" is an economic empowerment scheme by the Haryana Scheduled Castes Finance and Development Corporation, Govt of Haryana. Through this scheme, loans/benefits are provided to the families of the scheduled caste artisans to pursue various economic development activities.

💰The minimum loan limit available is ₹5,00,000/-. | - The maximum loan limit available is ₹50,00,000/-. | - The intended use of the funds is to meet short term financial requirements. This includes meeting the requirements of executing specific orders, seasonal increase in fund requirements, and firm export orders. | Disbursement | 100% of the loan amount shall be released immediately after completion of documentation and fulfilling the other norms of the Corporation. | Conditions | - _The loan repayment period for amounts up to ₹10,00,000/- is 12 months._ | - _The loan repayment period for amounts above ₹10,00,000/- up to ₹25,00,000/- is 18 months._ | - _The loan repayment period for amounts above ₹25,00,000/- up to ₹50,00,000/- is 24 months._ | - _The applicant must offer collateral security for a value of 150% of the term loan._ | - _If the applicant is a non-assisted unit, the quantum of loan will be decided based on the merits of the individual case and the security offered._

Short Term Financial Assistance To Good Borrowers

The scheme aims to meet short term financial requirements related to executing specific orders, seasonal fund increases, or firm export orders. Benefits include loans ranging from ₹5,00,000/- to ₹50,00,000/-, primarily targeting existing Medium Scale Industry and Small Scale Industry units.

Shrama Shakthi Scheme

Under the Shrama Shakthi Loan scheme, religious minority community entrepreneurs will be trained in artistic and technical skills and will be provided a loan of ₹50,000/- with a 4% rate of interest, to be paid in 36 installments.

💰Support provided to beneficiaries under the scheme: | - The funding support under SITARE is in the form of grant-in-aid. | - The extent of funding is up to INR 15 lakhs. | - The fund allocation is milestone-based and released in installments of up to INR 5 lakhs each based on the review of the milestone achieved. | - SITARE Partner and BIRAC provide continuous mentoring support to the fund recipients, including but not limited to the following: | - Technical Mentoring | - IP Support | - Legal Support | - Networking and Outreach | - Trainings | - Regulatory Advice | - Business Mentoring | - Fundraising | Note: The award grant is non-transferable. | Utilization of Grant Money: | - Development of Prototype (including outsourcing activity)- Up to 30% 1. Travel: Up to 15% 1. Incubator Rentals: Up to 15% 1. Manpower: Up to 15% (may be drawn as salary by the Project Investigator (SITARE-GYTI Fund recipient) during incubation or may be paid to another team member for technical assistance anytime during the project). 1. The fund recipient shall not be eligible to draw any manpower cost while pursuing a degree programme. | - Consumables: Up to 20% 1. Training and conferences: Up to 10% 1. Contingency: 5%

SITARE-Gandhian Young Technological Innovation Award Grant

Under SITARE-GYTI scheme component, 15 innovative student projects will receive funding support of upto INR 15 lakhs each. The scheme encourages postgraduate & doctoral students to undertake projects with commercial potential leading to the creation of biotech startups.

💰Financial assistance in the form of a loan up to ₹2,00,000/-. | - The loan can be utilised for starting small businesses such as grocery stores, dairy parlours, animal fodder sales centres, mobile and computer repairing shops, etc.

Small Business (GBCDC)

The scheme aims to provide financial assistance at a low interest rate to SEBC individuals for small business ventures.

💰Soft Loan against Purchase order will be given to Women Entrepreneurs at the rate of 6% per annum on simple interest. | - The amount of the loan is limited to 80% of the Purchase order and disbursement is as an advance against the milestone payment agreed by the client. | - The repayment period of the loan is 1 year or completion of the project with full settlement whichever is earlier. | - The maximum amount of loan outstanding will be ₹15 lakhs. | Note: The Startup shall ensure the proper delivery of the product service specified in the purchase order and the disbursement from the second installment will be based on the satisfactory completion of a milestone as certified by the client.

Soft Loan Scheme for Women Entrepreneurs

The scheme “Soft Loan Scheme for Women Entrepreneurs” was started under Kerala Startup Mission to support women startups with a soft loan of an amount limited to ₹15 Lakhs as working capital for implementing works & projects received from Govt. departments and Public Sector Undertaking in Kerala.

💰25% subsidy to SC/ST MSEs on institutional finance for procurement of Plant & Machinery/equipment (i.e. a subsidy cap of ₹ 25,00,000/-) without any sector-specific restrictions is provided.

Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste/Scheduled Tribe

Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Scheduled Caste / Scheduled scheme aims to facilitate capital subsidy to SC/ST MSEs for purchasing of plant & machinery/equipment through institutional finance (bank loan).

💰The Units would be provided with the following special incentive allowance once at the end of every three year period: | - Smaller Business Units: ₹ 50,00,000 | - Other Business Units: ₹ 1,00,00,000 | - Mega Business Units: ₹ 2,00,00,000 | NOTE 1: The benefits under this scheme are subject to budgetary allocation. No Promissory Estoppel shall be applicable if benefits are discontinued in case the allocation is exceeded. | NOTE 2: Only expenditure incurred during the operation of the policy will be considered.

Special Incentive Allowance Scheme

Launched in 2018, the "Special Incentive Allowance Scheme" is one of the "Information Technology Policy Schemes" by the Department of Information Technology, Government of Goa. New and Existing Units would be provided with the allowance once at the end of every three year period.

💰In case of land/ developed area purchased/ leased by Start-ups/ incubators/ accelerators, the stamp duty for land area lease/ sale transaction for start-ups/incubators/ accelerators will not exceed ₹ 100/-, and the excess amount paid to the authorities concerned will be reimbursed. | - A start-up is eligible only once to avail the benefits of this scheme. | - In the case of an incubator/accelerator, this amount shall be paid after a period of three years of successful operation. This can be relaxed in the case of a company that is in the business of making incubators. | - Up to 100 start-ups can avail the benefits of this scheme per year. | NOTE: Under no circumstance shall the benefits under this scheme be considered an entitlement.

Stamp Duty Reimbursement Scheme

Through “Stamp Duty Reimbursement Scheme”, in case of land/ developed area purchased/ leased by Start-ups/ incubators/ accelerators, the stamp duty for land area lease/ sale transaction for start-ups/incubators/ accelerators will not exceed ₹ 100/-, and the excess amount paid will be reimbursed.

💰A Grant of up to ₹5 (five) crore would be provided to a selected incubator in milestone-based three (or) more installments. | - A component of Management Fee @ 5% of the Seed Fund grant to the incubator will be provisioned (i.e. if an incubator is granted ₹1 crore of Seed Fund, then by including management fee @ 5%, the total assistance would be ₹1.050 crore). | Note 01: The exact quantum of grant and installments for each incubator will be decided by the Experts Advisory Committee (EAC) based on its evaluation. | Note 02: Incubators shall use the grant only for disbursal to eligible startups and shall not use the grant for facility creation or any other expenses. | Note 03: The Management Fee provisioned for incubators shall not be used by the incubator for facility creation or any other administrative expenses. The Management Fee will be utilized for administrative expenditure, selection and due diligence of startups, and monitoring of the progress of beneficiary startups. | Note 04: Installments shall be released to incubators upon submission of proofs of achievement of milestones as decided by EAC. A Proportionate Management fee shall also be released with each installment. | Note 05: The quantum of the first installment may be up to 40% of the total approved commitment. When the cash-in-hand of the incubator goes below 10% of the total commitment by EAC, the Incubator may request for the next installment, which shall be released to the incubator within 30 days of submission of proof of achievement of milestones. | Note 06: The grant should be utilized fully by the incubator within a period of three years from the date of receipt of the first installment of funds. | Note 07: If the Incubator has not utilized at least 50% of the total commitment within the first 2 years, then the Incubator will not be eligible for any further drawdowns. It will return all unutilized funds along with interest. | Note 08: Interest earned on all unutilized funds available with incubators shall be taken into account and adjusted at the time of the next release. | Note 09: The financing of beneficiaries will be done with efficiency and care. Selected incubators would be responsible for proper management and disbursement of the Seed Fund. | Note 10: The selected incubator shall maintain a transparent process of selection, monitoring, and disbursement mechanism for the fund. Seed Fund would be disbursed to selected startups after due diligence by the incubator. | Note 11: The incubators shall be responsible for providing physical infrastructure to the selected startups for regular functioning, support for testing and validating ideas, mentoring for prototype or product development or commercialization, and developing capacities in finance, human resources, legal compliances, and other functions. They are also expected to provide networking with investors and opportunities for showcasing at various national and international events. If the selected startup does not want to utilize the physical infrastructure of the incubator, the incubator shall offer all other resources and services to the startup. | Note 12: A startup selected by an incubator for assistance under this scheme shall not be charged any fees.

Startup India Seed Fund Scheme- For Incubators

The scheme “Startup India Seed Fund Scheme (SISFS)” was launched by the DPIIT on 19th April 2021 to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization.

💰Seed Funds to an eligible startup by the incubator shall be disbursed as follows: | - Up to ₹20 Lakhs as a grant for validation of Proof of Concept, prototype development, or product trials. The grant shall be disbursed in milestone-based installments. These milestones can be related to the development of prototypes, product testing, building a product ready for market launch, etc. | - Up to ₹50 Lakhs of investment for market entry, commercialization, or scaling up through convertible debentures or debt or debt-linked instruments. | - Seed funds shall strictly not be used by startups for the creation of any facilities and shall be utilized for the purpose it has been granted for. | Note 01: Not more than 20% of the total grant to an incubator shall be given as grants to start-ups by the incubator. The rate of interest (as defined under GFR) on unutilized funds available with the incubator would also be taken into account and adjusted at the time of the next release by DPIIT. | Note 02: For startups being supported through convertible debentures or debt, or debt-linked instruments, funds shall be provided at a rate of interest of not more than the prevailing repo rate. The tenure should be fixed at the time of sanctioning the loan by the incubator, which shall be not more than 60 months (5 years). A moratorium of up to 12 months may be provided for the startups. Because of the early stage of the startups, this shall be unsecured and no guarantee from the promoter or third party will be required. | Note 03: The incubator shall execute a legal agreement with the selected startups before the release of the first installment. The incubators shall ensure that the necessary terms and conditions, including milestones, related to the Seed Fund are detailed in the agreement. | Note 04: Subsequent disbursement would be linked to the achievement of previously specified milestones as per agreement between the startup and incubator. | Note 05: Startups will receive the funds in their company bank accounts. | Note 06: For grants, the first installment to any selected startup shall be released not more than 60 days from receipt of the application from the startup. The startup shall submit the interim progress update and utilization certificate to initiate the release of subsequent installments of the grant. | Note 07: Startup shall submit a final report and audited utilization certificate at the end of the project duration. For failed ventures, the entrepreneur will share his/her learnings and the reasons for failure in the report and submit this along with the utilization certificate for the fund amount. | Note 08: The incubator or any of its staff members shall not charge any fee in cash or in kind from applicants or beneficiaries under the scheme for any process of selection, disbursement, incubation, or monitoring. | Note 09: A grievance cell shall be set up at DPIIT for the scheme to address issues of applicants, such as delayed evaluation of applications, delayed disbursements by incubators, etc.

Startup India Seed Fund Scheme- For Startups

The scheme “Startup India Seed Fund Scheme (SISFS)” was launched by the DPIIT on 19th April 2021 with an outlay of INR 945 Crore to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market-entry, and commercialization.

Startup Manipur

The state government of Manipur has introduced the 'Startup Manipur' initiative, aimed at promoting sustainable economic development and generating significant employment opportunities in the region.

💰75% subsidy on the cost of filing of the application for Patent Registration including the cost of the first-time maintenance fee of the granted application, subject to a maximum of ₹ 3,00,000 per Patent registered.

Subsidy for Asset Creation for Intellectual Property: Patent Registration

The scheme "Subsidy for Asset Creation for Intellectual Property: Patent Registration" by the Micro Small and Medium Enterprises Department, Government of Tamil Nadu, is introduced to incentivize MSMEs to innovate and create intellectual property in India and Abroad as a differentiator.

💰50% subsidy on the cost of applying for Trade Mark Registration including the cost of the first-time maintenance fee of the granted application, subject to a maximum of ₹ 25, 000/- per Trade Mark or Geographical Indications registered.

Subsidy for Asset Creation for Intellectual Property: Subsidy on the Cost of Trade Mark Registration or Geographical Indications (GI) in India or Abroad

The scheme "Subsidy for Asset Creation for Intellectual Property: Subsidy on the Cost of Trade Mark Registration or Geographical Indications (GI) in India or Abroad" is introduced to incentivize MSMEs to innovate and create intellectual property in India and Abroad as a differentiator.

💰Under this scheme, loans up to ₹3 lakh are provided to persons with disabilities to develop business premises on their own land and start self-employment activities.

Subsidy for Developing Business Premises for Persons with Disabilities

The scheme is implemented by the Haryana Backward Classes & Economically Weaker Sections Kalyan Nigam. Under this scheme, loans up to ₹3 lakh are provided to persons with disabilities to develop business premises on their own land & start self-employment activities.

💰Under this scheme, loans up to ₹25,00,000/- are provided to professionally educated unemployed disabled youth who fall under the OH, VH, HH, or MR categories. | - The loan is available at different interest rates ranging from 4.5% to 8% per annum.

Subsidy for Disabled Young Professionals

Under this scheme, loans up to ₹25,00,000/- are provided to professionally educated unemployed disabled youth who fall under the OH, VH, HH, or MR categories, at different interest rates ranging from 4.5% to 8% per annum.