For Startups :Â
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 ReimbursementsÂ
| 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.
|
| Eligibility Criteria | Startups should have a valid My Assam Startup ID (MASI) |
| Application Procedure | Online application through Shram Suvidha Portal |
| Application Link | Click Here |
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For Incubators :Â
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 |
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Download Policy document
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Reference https://www.startupindia.gov.in/content/sih/en/startup-scheme/state-startup-policies.html Â
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