Startup Manipur
योजनेविषयी
The Government of Manipur has initiated the 'Startup Manipur' program with the objective of promoting sustainable economic growth and generating significant employment opportunities in the state. Under the Manipur Startup Policy 2018, several incubation centers have been established by the state government to promote the growth of a minimum of 1,000 technology-based innovative startups throughout the state by August 14, 2022. The goal of the program is to empower the youth of Manipur to become job creators by fostering entrepreneurship and innovation culture and providing a supportive ecosystem to nurture and develop startups, making Manipur a leading startup destination in the North East. The government is working to enhance the enabling environment to meet the aspirations of young entrepreneurs and intends to collaborate with all stakeholders to establish a robust startup ecosystem through appropriate incubation and mentoring infrastructure, expedited statutory support, and a network of suitable funding mechanisms.
पात्रता
- The entity/startup must be promoted by individuals who have domicile in Manipur. If a group of individuals is promoting the entity/startup, at least one promoter should have domicile in Manipur.
- The owner of the entity/startup must be above 18 years of age.
- Completion of incubation will be a mandatory requirement from a date to be notified by the State government.
वारंवार विचारले जाणारे प्रश्न
- What is a Startup?
Any business entity which depends on either product innovation or Process innovation to deliver products/services to customers can be termed as "Startup". It can be from any sector but should generate employment rather than an activity for self-sustenance.
- What is a Startup definition by Department of Industrial Policy and Promotion (DIPP)?
An entity shall be considered as a start-up:
up to a period of 7 years from the date of incorporation/registration, if it is incorporated as a private limited company or registered as a registered partnership firm or a limited liability partnership in India. In the case of start-ups in the biotechnology sector, the period shall be up to 10 years from the date of its incorporation/ registration.
The turnover of the entity shall not exceed Rs.25 Crore.
The entity should be working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
However, an entity formed by splitting up or reconstruction of an existing business shall not be considered a 'start-up'.- How to get recognized as Startup?
Recognition certificate from any of the following:
a) DIPP
b) Startup cell, Manipur Startup
c) Incubators / accelerators sponsored by govt /Private
i. ex: DST Sponsored TBIs, Industry Sponsored Incubator/Accelerators
d) Research Institutes
i. ex: IIT, IIM, NIT, IISc, MIT, MTU
Incorporate:
Any startup is considered as MSME. To set up a Micro/Small / Medium Enterprise, the Entrepreneur has to register with concerned District Industries Centre of the District & obtain Acknowledgement.- How to apply for recognition by Manipur Startup Cell?
Apply online at https://apply.startupmanipur.in a revenue stage or idea stage.
- What are the documents required for applying in revenue stage startup?
I. Certificate of registration
ii. Audited Balance sheet
iii. Profit and loss statement
iv. Income Tax returns
v. PAN card of business entity
vi. AADHAAR card of the applicant- What are the documents required for applying in idea stage startup?
I. AADHAR card of the applicant
ii. PAN card (not mandatory- Security for the loan?
Bank loans will be collateral free and covered under Government of India Credit Guarantee (GGTMS) scheme
- What is the Nature of Disbursement?
State Government support of subsidy grant will be deposited to the financing bank. Bank will release fund (loan and subsidy grant) to the borrower on pro-rata basis; matching component of subsidy grant to be released against loan component release in same ratio for each instalment to the borrower.
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