Punjab Startup Policy Lease Rental Subsidy — Eligibility Criteria

To be eligible for the Punjab Startup Policy Lease Rental Subsidy, applicants must meet several key criteria:

• The applicant must be a DPIIT-recognized startup, aligning with national innovation mandates and demonstrating a commitment to novel, scalable solutions.
• The startup must be registered in Punjab, ensuring the benefits of this state-led initiative support local economic development.
• The workspace for which the subsidy is sought must be located within a recognized incubator, IT park, or industrial cluster in Punjab. This promotes growth within structured environments that often provide essential infrastructure and networking opportunities.
• The lease agreement for the workspace must be legally valid and in the startup's name. This is crucial for verifying legitimate operational costs and ensuring transparency.
• The startup must demonstrate active operations from the leased space, confirming that the subsidy supports genuinely functioning and growing businesses.
• The program is open to startups in the idea, product, and revenue stages.
• Eligible legal entity types include private limited companies, Limited Liability Partnerships (LLPs), and partnerships.

Punjab Startup Policy Lease Rental Subsidy is open to startups at the idea, 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.