The Chief Minister Start-up Scheme : Aimed At Turning Youths Into Employers.

To promote self-employment avenues is inspiring students as young as 18 to become entrepreneurs and give wings to their creative ideas.

• Startup like Scrabid Ventures with the help of the scheme has already started in the state, while another from Sirmaur district has sought registration and is in the incubation stage.
• To have startup in industrial field is important for a state like Himachal “Scrap worth Rs 25,000 crore is generated annually from the industrial units. It is an unorganised sector and my venture endeavours to bring the dealers and sellers under one platform to facilitate competitive bidding and ensure better returns.
• This scheme would also provide for creation of incubation centres in the host institutes of the state to create building capacities and develop networking by establishing necessary infrastructure and generating awareness, he added. IIT Mandi, NIT Hamirpur, Agriculture University, Palampur, Science, Technology and Environment Council, Horticulture University Nauni, Bir Technology Park, HP University, CSIR Palampur and JPUIT Vaknaghat have been selected for having incubation centres.
• The scheme aims at help entrepreneurs select viable projects in manufacturing and service sectors and train them to set up startups and run them professionally. The key focus areas of the scheme will be technology-driven innovation sector, rural infrastructure and facilities, arts, crafts, water and sanitation, renewable energy, health care, clean technology, agriculture, horticulture and related areas, food processing, retail, tourism and hospitality, mobile, IT and bio-technology,

Startup Scheme – Himachal Pradesh

The Government of Himachal Pradesh has initiated a Startup Scheme for industries to provide financial assistance to unemployed youth to develop new entrepreneurial ventures andself-employmentt opportunities. In this article, we look at the Startup Scheme of the Himachal Pradesh Government in detail.

Objective of the Scheme

The following are the objectives of the scheme
• To promote self-employment and generation of employment.
• To support new ideas, products, and processes for commercialization and Startups.
• To setup incubation centres in the state.
• To facilitate innovation projects and adequate investment to startups.
• To improve human capital and industrial development in the state.

Benefits of the Scheme

The benefits of startup scheme are as follows:

• Providing financial assistance up to 30 Lakhs per incubator (startups) organizations.
• Stamp duty for startup units reduced by 3%.
• Inspection for industrial units will not be done for 3 years.
• The Department of Industry has fixed the interest rates to 50% on the plots for setting up an industry.

Eligibility Criteria

The eligibility criteria for applying startup scheme are listed below:

• The applicant should be a resident of Himachal Pradesh.
• All new startups and innovation projects are eligible under this scheme.
• The applicant should be in the age group between 18 years to 40 years of age.

Self Certification in Startup Scheme

All the new enterprises eligible for applying under this scheme are required to produce self-certified documents. Self-certification will lesser the burden on startups. Startups are allowed to self-certify compliance with labour laws and other mandatory laws.
Industrial Sectors covered under this scheme.

The following are the fields focused in this scheme are as follows:

• Technology-driven innovation in any sector
• Rural infrastructure and facilities, crafts, arts, water and sanitation, renewable energy, healthcare, etc.
• Cleantech
• Agriculture and Horticulture
• Food processing
• Retail business
• Tourism and hospitality
• Mobile, IT and ITes including hardware
• Biotechnology