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Start Up Policy - Assam Government  

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(@tajagna)
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Joined: 10 months ago
Posts: 16
20 July, 2019 4:44 PM  

For Startups : 

GST Reimbursements

Type of Benefit Fiscal
Benefit Details Startups with MASI shall be eligible for annual reimbursement of state GST paid in sales and good for a period of 3 years (Max upto INR 5 lakh per startup)
Eligibility Criteria Operating Guidelines under development
Application Procedure Online application

Stamp Duty Reimbursements

Type of Benefit Fiscal
Benefit Details 100% reimbursement of Stamp Duty/Registration fees/Conversion fees paid on sales/lease deeds for first transaction
Eligibility Criteria Operating Guidelines under development
Application Procedure Online application

Digital Upgradation Policy

Type of Benefit Fiscal
Benefit Details Startups with MASI shall be eligible for subsidy at 50% of capital expenditure for purchase of computers, related hardware, purchase of relevant software subject to ceiling of INR 1 lakh per startup
Eligibility Criteria Operating Guidelines under development
Application Procedure Online application

Lease rental Reimbursements 

Type of Benefit Fiscal
Benefit Details Startups with MASI shall be eligible for 50% lease rental reimbursement for a maximum period of 3 years subject to a ceiling of INR 5 lakh. It may include any rent being paid to an incubator/co-working
Eligibility Criteria Operating Guidelines under development
Application Procedure Online application

Power Subsidy

Type of Benefit Fiscal
Benefit Details Power subsidy @50% subject to a limit of Rs 10 lakh pa for a period of 5 years
Eligibility Criteria Operating Guidelines under development
Application Procedure Online application

100% reimbursements on patent filing cost

Type of Benefit Fiscal
Benefit Details The Government shall reimburse up to 100% of the actual costs (including filing fees, attorney fees, search fees, maintenance fees) with a maximum limit of Rs 1 lakh for filing a domestic patent and up to Rs 5 lakh for filing an international patent. This reimbursement shall be payable 75% after the patent is filed and the balance 25% after the patent has been granted
Eligibility Criteria Operating Guidelines under development
Application Procedure Online application

Incentives for Women , Transgenders and differently abled

Type of Benefit Fiscal
Benefit Details Special one-time incentive of Rs. 5,000 per candidate subject to an upper limit of Rs. 1 lakh per startup for a period of 3 years 
Eligibility Criteria Operating Guidelines under development
Application Procedure Online application

Marketing and Promotion Assistance

Type of Benefit Fiscal
Benefit Details Startups with valid MASI shall be eligible for reimbursements of 50% of the actual costs (including travel) incurred by startup in international marketing, states promotion, trade show participation, market research etc. Subject to a maximum of Rs 5 Lakhs per startup
Eligibility Criteria Operating Guidelines under development
Application Procedure Online application

Preferential Market Access

Type of Benefit Non-Fiscal
Benefit Details Preferential Market Access shall be given to startups with MASI for products procured by all Government Departments of Assam. Relaxation of prior turnover and prior experience shall be given subject to meeting of all quality and technical specifications
Eligibility Criteria Operating Guidelines under development
Application Procedure Online application

Self Certification and Compliance

Type of Benefit Non-Fiscal
Benefit Details

Startups with MASI shall be exempt from the inspections under the following acts and the rules framed under, barring inspections arising out of specific complaints.

  • Building and Other Constructions Workers’ (Regulation of Employment and Conditions of Service) Act 1996
  • The Inter-state Migrant Workmen (Regulation of Employment and conditions of service) Act, 1979
  • Payment of Gratuity Act, 1972
  • Contract Labour (Regulation and Abolition) Act, 1970
  • The Employees Provident Funds and Miscellaneous Provisions Act, 1952
  • The Employees State Insurance Act, 1948 
Eligibility Criteria Startups should have a valid My Assam Startup ID (MASI)
Application Procedure Online application through Shram Suvidha Portal
Application Link Click Here

 

For Incubators : 

Assistance for creation of incubation Centers

Type of Benefit Fiscal
Benefit Details Financial assistance to encourage setting up of incubation centres by IIT, Engineering Colleges, Universities, Biotechnology Park, Information Technology Park, Educational Institutions, Trade & Industries Associations etc. will be provided by the state government upto a maximum of 75% grant, subject to a limit of maximum Rs. 5 Cr to such institutions/organizations towards cost of construction of building, equipment, connectivity etc.
Eligibility Criteria Aspiring/existing incubator established in a University/Educational Institute or a Corporate/PSU will be eligible
Application Procedure Online application

 

Download Policy document

 

Reference https://www.startupindia.gov.in/content/sih/en/startup-scheme/state-startup-policies.html  


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