Chief Minister’s Startup/innovation Projects/new Industries

The Chief Minister’s Startup/Innovation Projects/New Industries Scheme is implemented by the Department of Industries, Government of Himachal Pradesh, and was officially launched on 15 November 2016. The scheme is part of the state’s initiative to promote entrepreneurship by transforming educated youth from job seekers into job creators.

The main objective of this scheme is to support startups, innovation projects, and new industrial units through financial incentives, incubation support, and infrastructure development. It focuses on promoting innovation across sectors such as technology, agriculture, tourism, clean energy, and biotechnology. For you as an MSME or startup founder in Himachal Pradesh, this scheme provides end-to-end support from idea validation to business expansion, helping you build a sustainable and scalable enterprise.

Key Features
Financial Assistance
Eligibility Criteria
Documents Required
Application Process

Key Features

End-to-End Startup Support - The scheme supports entrepreneurs throughout their journey, including ideation, incubation, funding, and commercialization, ensuring higher chances of success.
Incubation and Infrastructure Support - Incubation centres are established in reputed institutions, offering workspace, labs, mentoring, and networking opportunities to startups.
Financial Incentives for Innovation - Startups receive multiple financial benefits such as sustenance allowance, marketing assistance, patent reimbursement, and project report support.
Ease of Doing Business - Startups can avail self-certification and inspection exemptions for up to three years, reducing compliance burden significantly.
Sector-Focused Development - The scheme promotes innovation in sectors such as technology, agriculture, clean energy, food processing, tourism, and biotechnology.

Financial Assistance

Component	Assistance Provided	Detailed Explanation of Component & Assistance Provided
Sustenance Allowance	₹25,000 per month for 1 year	Innovation projects approved by host institutions receive monthly support to manage early-stage expenses. Example: A startup developing a prototype can use this for operational costs.
Marketing Support	Up to ₹10,00,000	Financial assistance for product launch and commercialization, provided as grant, soft loan, or equity support.
Patent Reimbursement	₹2 lakh (India), ₹10 lakh (foreign)	Patent filing costs are reimbursed in two stages, 75 percent after filing and 25 percent after grant.
Project Report Assistance	75 percent of cost up to ₹1 lakh	Helps startups prepare feasibility studies or DPRs for funding and planning.
Interest Subvention	5 percent on loans up to ₹25 lakh for 3 years	Micro startups receive interest subsidy to reduce borrowing costs.
Land Allotment	50 percent concessional rates	Industrial land is provided at reduced rates in selected areas to lower setup costs.
Stamp Duty Concession	Reduced to 3 percent	Startups benefit from lower stamp duty on land or lease agreements.

Eligibility Criteria

To avail benefits under this scheme, you must meet the following conditions:

The applicant must be a startup, innovation project, or new industry
The entity can be a proprietorship, partnership, LLP, or company
The unit must fall under micro or small scale category
The enterprise must be established after 31 March 2016
The project must operate within Himachal Pradesh
The same incentive cannot be claimed under multiple schemes for the same component

Documents Required

Identity and address proof
Business registration certificate if applicable
Project report or business plan
Details of innovation or product
Bank account details
Approval from host institution or incubator if applicable

Application Process

Option 1: Apply with Bullit, Recommended

Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.

Option 2: Apply Online / Offline (Government Process)

Online Process

Visit the Department of Industries Single Window Portal
Register your startup or innovation project
Fill the application form for incentives
Upload documents and submit application
Track application status online

Offline Process

Visit the Directorate of Industries or HPCED office
Submit prescribed application form
Present your project before the screening committee if required
Receive approval and access benefits through incubators

Frequently asked questions

What is the main objective of this scheme?

The scheme aims to promote entrepreneurship by supporting startups and innovation projects through financial assistance, incubation, and infrastructure support.

Who can apply for this scheme?

Startups, innovation projects, and new industries in micro and small categories established in Himachal Pradesh can apply.

What financial benefits are available?

Benefits include sustenance allowance, marketing support, patent reimbursement, interest subsidy, and project report assistance.

Is incubation support provided?

Yes, incubation centres provide workspace, mentoring, and networking opportunities to startups.

What sectors are covered under this scheme?

Sectors include technology, agriculture, tourism, clean energy, food processing, and biotechnology.

Is there any interest subsidy available?

Yes, micro startups can receive 5 percent interest subvention on loans up to ₹25 lakh for three years.