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Scheme for assistance for Start Ups/ Innovation: Sustenance Allowance

The "Scheme for Assistance for Start Ups/ Innovation" under the Gujarat Industrial Policy, aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions.

Start date7 Aug 2020

Last verifiedToday

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About This Scheme

The "Scheme for Assistance for Start Ups/ Innovation" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, it aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions. The component "Sustenance Allowance", provides financial relief to developers who have paid Stamp Duty on the purchase of land required for a new unit/project. The scheme is aimed at promoting new developments by reducing the financial burden on eligible projects during their establishment phase.

Benefits

₹20.0K · monthly

Financial Assistance: ₹20,000/- per month for one year based on eligibility. - Encouragement for Women Entrepreneurs: ₹25,000/- per month for startups with a woman co-founder.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

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 Pitch presentation with following details:
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Problem statement
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Objective for the startup or innovation
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Description of product/ service
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How does it work?
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USP/Uniqueness of the product/service
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Target market and customers
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Competition analysis – key competitors, advantage of product/ service over
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competition etc.
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Detailed project cost breakup
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Tentative action plan for the next 3-5 years
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Revenue projections for the next 3-5 years
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 Technical feasibility/ product testing report / certification (if any)
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 Financial feasibility report / certification (if any)
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 Evaluation matrix by Nodal Institution
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 Recommendation form by Nodal Institution (revised format is attached for reference)
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 Undertaking

✦ Required ◦ Optional

How to Apply

OOnline

Quick Info

Level: Central Government
Max benefit: ₹20.0K
Launched: 7 Aug 2020