The “Scheme for Assistance for Start Ups/Innovation” is an initiative launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, the scheme aims to foster economic growth by generating jobs, encouraging competition, and supporting the development of next-generation solutions. The component “Sustenance Allowance” offers financial relief to entrepreneurs who have incurred costs on the Stamp Duty for purchasing land required for new units or projects. The scheme promotes the establishment of new startups by easing the financial burden in their early stages.
Scheme Key Highlights (Short Summary)
-
Amount Provided:
-
₹20,000 per month for one year (for general startups).
-
₹25,000 per month for one year (for startups with a woman co-founder).
-
-
Eligibility:
-
Individuals or groups with an innovative idea or concept, recommended by an approved Nodal Institution.
-
The scheme is sector-agnostic, covering various sectors including science, technology, engineering, agriculture, and healthcare.
-
Startups under the Student Startup and Innovation Policy (SSIP) are also eligible.
-
Benefits
-
Financial Assistance:
-
₹20,000 per month for general startups.
-
₹25,000 per month for startups with a woman co-founder.
-
Assistance is provided for one year.
-
Eligibility
-
Any individual or group with an innovative idea or concept is eligible.
-
Startups in any sector, including science, technology, engineering, agriculture, healthcare, etc., can apply.
-
Startups availing benefits under SSIP are also eligible.
Exclusions:
-
Entities formed by splitting or restructuring existing businesses are not considered eligible under this scheme.
-
Startups availing benefits from other Gujarat startup schemes are ineligible.
Application Process
Online
Registration Process:
-
Step 1: Visit the online portal and click on the “Register” button (located at the top right corner).
-
Step 2: Enter your Email ID, verify the details, and click on “Submit” to register on the portal.
-
Step 3: After logging in, fill in the required details in the Common Application Form and click “Sign Up”.
Application Process:
-
Step 1: Visit the online portal and click on the “Login” button.
-
Step 2: Enter the registered Email ID and Password to log in.
-
Step 3: In the Dashboard, fill in the required details.
-
Step 4: Click on the “Apply Now” icon and select the scheme.
-
Step 5: Fill in the application details and submit.
Documents Required
-
Pitch Presentation:
-
Problem statement.
-
Objective of the startup/innovation.
-
Description of the product/service.
-
How the product/service works.
-
USP/Uniqueness of the product/service.
-
Target market and customers.
-
Competition analysis.
-
Detailed project cost breakup.
-
Action plan for the next 3-5 years.
-
Revenue projections for the next 3-5 years.
-
-
Technical feasibility report or certification (if applicable).
-
Financial feasibility report or certification (if applicable).
-
Evaluation matrix from the Nodal Institution.
-
Recommendation form from the Nodal Institution.
-
Undertaking.
Frequently Asked Questions (FAQs)
Q: What is the objective of the “Scheme for Assistance for Start Ups/ Innovation”?
A: The scheme aims to foster economic growth, promote competition, and support the establishment of next-generation solutions by offering financial assistance to startups.
Q: What is the “Sustenance Allowance” component?
A: The Sustenance Allowance provides monthly financial relief to eligible startups to ease the initial setup costs, especially for land-related expenses.
Q: Who is eligible for this component?
A: Eligible applicants include individuals or groups with an innovative idea, recommended by a Nodal Institution. The scheme is open to startups across all sectors.
Q: What is the amount provided to startups under this scheme?
A: Startups can receive ₹20,000 per month for general startups and ₹25,000 per month for startups with a woman co-founder.
Q: Is the scheme limited to specific sectors or industries?
A: No, the scheme is sector-agnostic, open to startups in any field, including science, technology, engineering, agriculture, and healthcare.
Q: Can a startup avail of benefits from multiple schemes simultaneously?
A: No, startups availing benefits from other Gujarat startup schemes are ineligible for this scheme.
Q: What is the duration of the financial assistance under the scheme?
A: The Sustenance Allowance is provided for one year.
Q: What is the role of the Nodal Institution in this scheme?
A: The Nodal Institution recommends startups for this scheme and evaluates their feasibility based on set criteria.
Q: Are startups formed by restructuring existing businesses eligible for this scheme?
A: No, startups formed by restructuring or splitting an existing business are not eligible.
Q: Can a startup with a woman co-founder receive a higher allowance?
A: Yes, startups with a woman co-founder can receive ₹25,000 per month for one year under this scheme.
Q: How can a startup apply for the Sustenance Allowance Scheme?
A: Startups can apply through the online portal by registering, filling out the application form, and submitting required documents.
Q: How is the sustenance allowance disbursed to eligible startups?
A: The sustenance allowance is disbursed after verification and approval based on the application and documents provided.