RAIPUR:

Chhattisgarh’s Startup won the Best Start-up Award in four categories at the India First Tech Start-up Conclave organized by the All India Council for Robotics and Automation in Bengaluru in June 2022.

Under the new Industrial Policy (2019–24) implemented by the Government of Chhattisgarh, is encouraging Startups. 838 Startup units were registered in the last four and a half years. The new industrial policy has a provision for grants for the establishment and operation of incubators. The startup units of state have made a mark in the country due to the policies implemented by the state government and their proper execution.

The state was awarded as the Aspiring Leader for the development of the startup ecosystem in the States Startup Ranking 2021, announced by the Government of India in July 2022. The number of startup units recognized by the Department of Promotion of Industry and Internal Trade, Government of India, in the state is currently 1012, out of which 838 startup units were registered in the last four and a half years.

For the expenditure incurred for the establishment of incubators, a 40 percent grant is being given. A maximum grant of Rs. 50 lakh and a maximum operating grant of Rs. 3 lakh per year for 3 years is provided. An interest subsidy of up to 70 percent, up to the limit of Rs. 55 lakh, is given for a maximum period of 11 years as an incentive.

Net State Goods and Services Tax (Net SGST) reimbursement is exempt from up to 100 percent of fixed capital investment for a maximum period of 15 years. A full exemption from stamp duty on the purchase or lease of land is provided.