Punjab Startup Policy: Interest Subsidy Scheme — Eligibility Criteria

To qualify for the Interest Subsidy Scheme, the startup must:

• Be DPIIT-recognized (mandatory).
• Be registered in Punjab.
• Be at the product or revenue stage.
• Have availed a term loan or working capital loan from a scheduled bank or registered financial institution. The loan must be in the startup's name and EMIs must be up to date.
• Use the loan proceeds exclusively for business operations, setup, or scaling.
• Be a private limited company, LLP, or partnership firm.

Punjab Startup Policy: Interest Subsidy Scheme is open to startups at the product and revenue stage. The programme is targeted at startups registered in Punjab. Applicants should be registered as private limited, llp and partnership. Applicants must hold DPIIT (Startup India) recognition.