The Punjab Startup Policy is a state-level initiative supporting startups through various financial instruments.
The Punjab Startup Policy is a state government initiative designed to foster the growth of new businesses within Punjab. This comprehensive policy framework is managed by the Department of Industries & Commerce, Government of Punjab.
The policy outlines several key instruments to support startups. These include provisions for seed funding specifically for startups recognised by DPIIT, along with subsidies for interest and lease rentals.
Annual interest subsidy up to ₹5 Lakh for DPIIT-recognized Punjab startups on business loans.
Seed grant up to ₹15 lakh for DPIIT-recognized Punjab startups at PoC/prototype stage.
Lease rental reimbursement for DPIIT-recognized startups operating in Punjab.
Compare this scheme's programs against the wider funding landscape.