Jharkhand Startup Policy: Utility Bills Reimbursement — Frequently Asked Questions
Answers to the questions founders most often ask about Jharkhand Startup Policy: Utility Bills Reimbursement — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
Which specific types of utility bills are covered under this reimbursement policy?
Only internet and electricity bills are eligible for reimbursement under the Jharkhand Startup Policy.
What is the maximum reimbursement amount a startup can receive each year?
Eligible startups can receive a maximum reimbursement of ₹60,000 per annum for their utility bills.
For how many years can a startup avail itself of this utility bill reimbursement benefit?
A startup can avail of this reimbursement for a period of up to 5 years from its date of incorporation.
Are there any annual turnover criteria for startups to be eligible for this program?
Yes, to qualify for this program, the startup's annual turnover must be less than ₹25 Crore.
How often are the utility bill reimbursements processed and disbursed?
Reimbursements are processed and disbursed on an annual cycle following the submission of the application.
Is there a specific deadline to apply for the Jharkhand Utility Bills Reimbursement?
No, the application process for this program operates on a rolling basis, meaning it is always open for eligible startups to apply.
What are the key eligibility requirements for startups applying to this program?
Startups must be registered in Jharkhand, have an annual turnover under ₹25 Crore, be incorporated for less than 5 years, have up to 50 employees, and ensure utility bills are in the startup's name or registered office address. The program supports private limited companies and LLPs at product or revenue stages.
Does the Jharkhand government take an equity stake in startups that receive this reimbursement?
No, this program provides a grant-based reimbursement, meaning the Jharkhand government does not take any equity stake in the recipient startups.
Where can interested startups find more information or apply for this reimbursement scheme?
Startups interested in applying for the Utility Bills Reimbursement program can find more details and initiate their application through the official Startup Jharkhand portal at https://startupjharkhand.org/.
How much funding does Jharkhand Startup Policy: Utility Bills Reimbursement provide?
Jharkhand Startup Policy: Utility Bills Reimbursement provides ₹60,000 (up to) as grant. Always confirm the exact amount and any conditions on the official site, as figures can change between cohorts.
Is DPIIT recognition required for Jharkhand Startup Policy: Utility Bills Reimbursement?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Jharkhand Startup Policy: Utility Bills Reimbursement, though having it can strengthen your application and unlock other benefits.
Who offers Jharkhand Startup Policy: Utility Bills Reimbursement?
Jharkhand Startup Policy: Utility Bills Reimbursement is offered by Department of IT and E-Governance, Government of Jharkhand, a government body. It is provided as non-dilutive funding.
How do I apply for Jharkhand Startup Policy: Utility Bills Reimbursement?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
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