Arvind Kejriwal announces startup policy for Delhi

Tags: Latest State News

The cabinet chaired by Delhi Chief Minister Arvind Kejriwal approved the proposal related to the Delhi Startup Policy-2021 of the Industries Department.

• Under this policy, the Delhi government aims to encourage, facilitate and support 15,000 startups by 2030.

• A Startup Policy Monitoring Committee will be constituted to oversee this policy, which will be headed by the Finance Minister of Delhi Government.

• Through the Startup Policy-2021, the Delhi government will also provide loans and other facilities to the people starting their enterprise without guarantee.

• Incentives under Start Up Policy

• Reimbursement of up to 50% on lease rentals. This can be up to a maximum of Rs 5 lakh every year.

• Reimbursement grants up to one lakh rupees (in India) and three lakh rupees (abroad) for making patents, trademarks, copyrights, industrial designs.

• Reimbursement of cost of exhibition stall or rent once in a year up to Rs.5 lakh or up to Rs.5 lakh for 100 percent for women, disadvantaged class or persons with disabilities and 50 per cent for others.

• 30 thousand per month as monthly allowance for operation or employee for one year.