Punjab Startup Policy Lease Rental Subsidy — Frequently Asked Questions

This program, offered by the Government of Punjab, provides financial assistance to eligible startups by reimbursing a portion of their monthly lease rentals for office space, aiming to reduce operational overheads.

Eligible startups can receive a maximum reimbursement of ₹3,00,000 per annum towards their lease rental expenses.

To be eligible, your startup must be DPIIT-recognized, registered in Punjab, and operating from a workspace located within a recognized incubator, IT park, or industrial cluster in Punjab. The lease agreement must be valid and in the startup's name, and the startup must be actively operating from the leased space.

No, the Punjab Startup Policy Lease Rental Subsidy is a grant program, meaning it provides non-dilutive funding and does not require your startup to give up any equity.

The subsidy is initially provided for a period of one year, with potential for extension based on the government's prevailing policy norms.

The program is open to startups registered as private limited companies, Limited Liability Partnerships (LLPs), and partnerships.

Yes, it is a mandatory requirement that your startup holds a valid DPIIT recognition to be eligible for this lease rental subsidy.

Applicants generally need to submit their DPIIT certificate, a valid lease agreement, monthly rent receipts or proof of payment, and their bank details for verification.

Reimbursements are typically processed either quarterly or according to the specific cycle defined and communicated through the Invest Punjab portal.

Applications for this subsidy are submitted online through the Invest Punjab portal. You can find more details and the application link at https://pbindustries.gov.in/startup.

Punjab Startup Policy Lease Rental Subsidy provides ₹3L (up to) as grant. Always confirm the exact amount and any conditions on the official site, as figures can change between cohorts.

Punjab Startup Policy Lease Rental Subsidy runs on a rolling basis with no fixed deadline — applications are accepted on an ongoing basis. Check the official site to confirm the window is currently open.

Punjab Startup Policy Lease Rental Subsidy is offered by Department of Industries & Commerce, Government of Punjab, a government body. It is provided as non-dilutive funding.

Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.