Sustenance Allowance
• Rs. 20,000 per month per Startup for a period of one year.
• In case if at least there is one woman as a cofounder Rs. 25,000 per month per Startup will be provided.
Seed Support
Upto Rs.30 Lakhs on the following, based on approval/ sanction by SLEC.
i. Cost of raw materials/ consumables/hardware &software/ professional services /other equipment/tools required for prototype/ product/ process development.
ii. Market research
iii. Testing & trials
iv. Marketing/ publicity assistance: Here marketing/publicity assistance covers assistance to startups to attend national/international events. The fees/charges paid for attending the same will be considered eligible under this head.
Pre‐ Series funding
• Startups which are in a phase post commercialization where it has just started generating revenue till the period its product/service gets marketed.
• Such startups will be assisted with venture Capital.
• A separate fund shall be created under Gujarat Venture Finance Limited (GVFL)
• Available to startups that have already received seed support.
Interest subsidy
• Additional Interest subsidy of 1%.
• Maximum upto 9% on term loans under the provision of scheme for assistance to MSMEs.
Assistance for Raising Capital through SME Exchange
25% expenditure incurred on raising of fund through SME Exchange.
Maximum upto Rs 5 lakhs one time after successful raising of equity as per approved scheme by SME
Exchange during the operative period of the scheme.
Other Benefits
Rs.3 Lakh per startup will be provided to enroll and participate for national / international recognized acceleration program.
Reimbursement of 75% of expenses incurred for organizing promotional event. In case, event is specific to ‘Women Entrepreneurship’ the reimbursement will be of 90% of expenses incurred for organizing promotional event. Maximum Rs. 5 lakhs.
Author Bio
