HP Reimbursement for Public Issue — Up to ₹10L for Himachal MSMEs — Frequently Asked Questions
Answers to the questions founders most often ask about HP Reimbursement for Public Issue — Up to ₹10L for Himachal MSMEs — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the HP Reimbursement for Public Issue scheme?
It is a subsidy run by the Department of Industries, Government of Himachal Pradesh under the Industrial Investment Policy 2019. An eligible MSME that floats a public issue on the NSE's dedicated SME platform can claim back part of what it spent on the exercise, with the reimbursement capped at ₹10 lakh.
How much money can an enterprise receive?
The scheme refunds 50% of the eligible expenses, up to a maximum of ₹10 lakh per enterprise. The covered costs include the NSE registration fee and other associated charges linked to the public issue.
Which enterprises are eligible to apply?
Only Micro, Small and Medium Enterprises (MSMEs) qualify. The expense claimed must relate to floating a public issue on the NSE SME platform, and the funds raised must be used for setting up or expanding eligible enterprise(s) within Himachal Pradesh. The scheme is intended for MSMEs in the state.
What exactly does the reimbursement cover?
It covers 50% of the expenses incurred on floating the public issue, which includes the cost of registering with the NSE and other associated charges.
Does the scheme take equity in my company?
No. This is a reimbursement-based subsidy, so the government pays back approved expenses rather than investing in the business. Your shareholding is not diluted by receiving it.
Are there conditions on how the funds raised must be used?
Yes. Whatever is raised through the public issue must be used for setting up or expanding eligible enterprise(s) located within Himachal Pradesh.
Is there a deadline to file the claim?
No fixed deadline is specified. The incentive is ongoing under the Industrial Investment Policy 2019 and claims are generally accepted on a rolling basis, subject to the policy guidelines and the availability of budget.
What documents do I need to submit?
Invoices and receipts proving the expenses, proof that the public issue was completed, details of the funds raised, evidence that the money was used in Himachal Pradesh for eligible purposes, your MSME registration certificate, the enterprise's incorporation documents, and the prescribed reimbursement application form.
How do I apply for the reimbursement?
Complete the prescribed form under the Industrial Investment Policy 2019 and submit it with all supporting documents to the designated authority in the Department of Industries, Government of Himachal Pradesh. The form is normally available from the department or its official website, and the state's online services portal at https://emerginghimachal.hp.gov.in/online-services is the place to start.
Will the claim be verified before the money is released?
Yes. The department reviews the application and documents thoroughly, and the process may include site visits or a request for additional information to confirm eligibility and verify that the funds were used as required. Once approved, the amount — up to ₹10 lakh — is credited to the MSME's bank account.
Is DPIIT recognition required for HP Reimbursement for Public Issue — Up to ₹10L for Himachal MSMEs?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for HP Reimbursement for Public Issue — Up to ₹10L for Himachal MSMEs, though having it can strengthen your application and unlock other benefits.
Who offers HP Reimbursement for Public Issue — Up to ₹10L for Himachal MSMEs?
HP Reimbursement for Public Issue — Up to ₹10L for Himachal MSMEs is offered by Department of Industries, Government of Himachal Pradesh (Startup Himachal), a government body. It is provided as non-dilutive funding.
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