Reimbursement of Expenses for Startups Operating from Leased/Privately Owned Premises Scheme

> For start-ups that operate from privately owned premises:

₹1.0 L

1. The cost towards internet connectivity, software license fees, and cloud services fees, will be reimbursed subject to an upper limit of ₹ 1,00,000 per quarter for a period of one year.

1. This benefit can be availed by 20 start-ups each year which the SPC shall select as per its guidelines.

> For start-ups that operate from rented premises:

₹1.0 L

1. The cost towards internet connectivity, software license fees, and cloud services fees, will be reimbursed subject to an upper limit of ₹ 1,00,000 per quarter for a period of one year.

1. This benefit can be availed by 20 start-ups each year which the SPC shall select as per its guidelines.

₹20 · monthly

1. For local start-ups that operate out of rented premises, a lease rental subsidy of up to ₹ 20/- per square foot per month will be reimbursed quarterly for a period of up to two years.

₹3.0 L · annual

1. This incentive is subject to a cap of ₹ 3,00,000 per annum and can be availed by 25 start-ups each year which shall be selected by the SPC as per its guidelines.

NOTE 1: A start-up can only avail the benefits either as per clause 1 or clause 2 at any given time.

NOTE 2: Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.