Haryana cabinet approves new state startup policy. Chandigarh News – Times of India

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Chandigarh: The Haryana cabinet chaired by CM Manohar Lal Khattar on Monday approved New Haryana State Startup Policy 2022 Prepared by the Department of Information Technology, Electronics and Communications, Haryana.
Through this policy, the state government aims to promote and nurture a vibrant startup ecosystem in Haryana to encourage independent thinking and innovative ideas and to help budding startups at various stages of their entrepreneurial journey.
The Haryana government claims that it has followed a proactive approach to facilitate ease of doing business for startups in the state. The state has taken extensive policy interventions to establish Haryana as a major investment destination.
At least 14 unicorn startups (with at least USD 1 billion valuation) out of India’s 101 unicorn startups are based out of Haryana. Haryana Government is keen to harness their potential by providing such young entrepreneurs with a strong policy ecosystem, strong infrastructure and liberal regulatory norms.
“Now, any startup entity recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, for a period of 10 years from the date of its incorporation/registration and having an annual turnover not exceeding Rs.100 crore and located in Haryana This will make it eligible to avail major financial and non-fiscal benefits under the new policy,” said CM Manohar Lal Khattar.
In addition, other startups recognized by DPIIT having their registered office anywhere in the country or outside Haryana and so long as they are operating through state owned or supported incubators operating in Haryana, they are also non-financial only. will be eligible to avail the benefits. He said that the new policy.
These benefits include subsidized incubation space, liberal norms for participation in Haryana government tenders, participation in mentorship events and other startup specific programs. This part of the policy will encourage such startups to eventually migrate to Haryana to take full benefits under the policy.
There are 3910 Haryana-based startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India as on June 15, 2022. A Startup Haryana Cell is being set up in the Department of Information Technology, Electronics and Communications to oversee the implementation of this revised policy and other institutional activities.
It is expected that in the next 05 years (within the policy period), at least 5,000 new startups will be set up in Haryana, providing direct and indirect employment to 75,000 persons.
Some of the major incentives/benefits under the New Startup Policy are as follows:
Financial Incentives to Startups:
Net SGST reimbursement: 50% net SGST reimbursement for 7 years
– Lease Rental Subsidy: Reimbursement of lease rental subsidy up to Rs 5 lakh for startups.
– Seed funding for Startups: Up to Rs 10 lakh per startup for 100 startups in ‘A’ category blocks, 250 startups in ‘B’ category blocks, 750 startups in ‘C’ category blocks and 1,000 in ‘D’ blocks ‘Seed Grant for Startups’ Category Block.
Patent cost: Financial assistance to startups by reimbursement of 100% of actual expenses subject to a maximum of Rs 25 lakh for domestic and international patent registration.
– Reimbursement for Cloud Storage: Reimbursement of 75% of the expenses incurred for cloud computing/storage at data centers located in Haryana up to Rs 2.5 lakh per startup per year for a period of 5 years.
– Support in acceleration programs: Support startups up to Rs 2.5 lakh to participate in national acceleration programs and up to Rs 5 lakh for international acceleration programs.
Financial Incentives to Incubators:
Capital subsidy: Up to Rs.2 crore to government host institutions and up to Rs.1 crore to private host institutions for setting up of incubators.
– Mentoring Assistance: Financial assistance up to Rs 2.5 lakh per incubator will be given to the government owned/ supported/ sponsored incubators subject to a maximum of Rs 25 lakh per year for mentoring support.
– Reimbursement on Rental Charges: Reimbursement of 50% of the lease rent paid by the incubator for operating on rent basis for a period of 3 years, subject to a maximum of Rs 5 lakh per annum.
Stamp Duty and Registration Reimbursement: 100% reimbursement of Stamp Duty and Registration Fee on purchase/lease of land/office space/IT building.
– Assistance for participation in Fair/Exhibition: Industry Associations/Incubators/Govt. Departments leading Delegation of Startups to National and International Fairs/Exhibitions or Financial assistance on actual basis for organizing such Fairs/Exhibitions/Seminars will be provided subject to a maximum of Rs. 50 lakhs.
– Startup Competition Assistance: Incubators established in eligible institutions of national importance will get assistance to the extent of Rs 20 lakh per event for organizing the Startup Competition Festival.
Electricity fee waiver: Incubators will be eligible for 100% relaxation for 12 years in ‘D’ category blocks, 10 years in ‘C’ category blocks and 7 years in ‘B’ category blocks.
The state government has also added many new incentives to it. New Haryana State Startup Policy 2022 to provide additional benefits to the stakeholders of the startup ecosystem, some of which include:
i) New Startup Warehouse / Innovation Campus: Financial assistance of Rs.4 crore towards capital expenditure for setting up of IT Startup Warehouse and Rs.1 crore annually for 3 years of recurring expenditure support at Panchkula, Hisar and other potential locations.
ii) New Mobile Application Development Centre: Financial assistance of Rs.4 crore for capital expenditure for building Mobile App Development Center and Rs.1 crore for three years at Panchkula, Hisar and other potential locations in Block ‘C’ and ‘D’ of annual assistance. ,
iii) Incubation Centers in Government Universities and other Government Institutions: Financial assistance of Rs.50 lakhs per incubator for setting up incubation centers and Rs.20 lakhs for recurring expenditure for 5 years.
Financial assistance up to Rs.10 lakh per incubator to existing incubators in universities and other government institutions for up-gradation of their facilities.
Earlier, startups were eligible to avail benefits at an incubation center only for a period of one year. Under the new policy, such startups can take advantage of space, plug and play facility etc. at concessional rates for three years.
The new policy now provides more convenience to startups by allowing them to file self-certification reports under 14 different laws instead of 8 separate laws earlier. This will make it easier for these startups to do business and reduce regulatory cholesterol/burden.
The state government will also organize specific entrepreneurship development programs in 22 districts of Haryana every six months to create awareness among aspiring innovators/entrepreneurs and school/college students about their growth opportunities and potential in the startup ecosystem under the new policy. and create awareness.

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