The Hindu Business Line

‘Startup Scheme’ for industries in Himachal Pradesh

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Himachal Pradesh Chief Minister Virbhadra Singh on Saturday launched ‘CM’s Startup Scheme’, seeking to exempt the new units from inspection for up to three years.

The Chief Minister said in order to promote new ideas, products and processes suitable for commercial­isation and industry, the government will provide liberal assistance to incubator organisati­ons designed to promote growth of start-up units and having physical space, coaching and mentoring facilities and ₹30 lakh an incubator a year up to a period of three years will be provided for this purpose.

Reduced stamp duty

Self-attested certificat­es will be accepted for all official purposes so that the start-up units could sustain and work without formalitie­s and obstacles, he said, adding that stamp duty had been significan­tly reduced to 3 per cent for start-up units along with allotment of plots on 50 per cent of rates as fixed by the industries department.

Singh said the present government had strengthen­ed single window system for approval of industry which led to investment of ₹13,262 crore in 283 projects.

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