The scheme was setup by the Department of Industries of Himachal Pradesh State to promote new ideas/ products and processes suitable for commercialization through startups. It shall help promote industrial development in the state. It facilitates employment generation and income generation in the state.
Who can apply?
All Start-ups/ new industries/Innovation Projects would be eligible for availing applicable incentives for components covered under this scheme. The same incentives cannot be availed on the same component under State and Central Scheme.
Benefits:
1. Department of Industries/Sectors will provide land to start-ups/new industries/Innovation Projects in micro and small scale Industries/Sectors in Industrial Areas of Category B and C Areas at concessional rate @ 50% of the rates fixed by Department of Industries from time to time.
2. The new startups in Micro sector with an investment upto Rs 25 Lakh employing at least 5 persons and proposing to take loan from Scheduled Nationalized Banks or State cooperative banks will be provided interest subvention @5% up to a loan of Rs 25lakh for three years.
3. Grant on the cost of preparation of feasibility study/project report @ 75% of the cost subject to maximum of Rs. 1,00,000/- in each case will be provided.
4. Project Units to be setup in Himachal Pradesh will be charged stamp duty @ 3% only on conveyance deed and lease deed from the date of notification by Revenue Department.
5. Fees for obtaining consent to establish and consent to renew would be reduced by 25% for green industry and by 10% for orange Industry after issue of notification by the concerned Department.
6. Rs. 25,000/- per month will be provided to innovative projects as sustenance allowance for a period of one year.
7. Marketing/commercialization assistance of maximum of Rs. 10 lakh will be provided to innovative projects to launch its products/services in the market.
How to apply?
Applicants shall get in touch with the department of industries or visit www.emerginghimachal.in for any assistance.
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