The Government of Haryana on July 23, 2024, notified regarding the “NET SGST Reimbursement Scheme” for the Startups registered under the Haryana State Startup Policy 2022.
The following has been stated:
• Objective:
The Government of Haryana has always followed a proactive approach to facilitate Startup entrepreneurs for ease of doing business in Haryana. In order to achieve the same, State has undertaken precise policy-level interventions to position Haryana as a pre-eminent investment destination and notified the Haryana State Startup Policy 2022 with a focus on the creation of a world-class ‘Startup Ecosystem’ in the State.
Through this scheme, the State government intends to provide fiscal support in the form of “Reimbursement of Net SGST” to eligible Startups based in Haryana and facilitate the growth of Startups in the State of Haryana.
• Quantum of Assistance (Net SGST Reimbursement)
Financial support of 50% Net SGST will be reimbursed for a period of 7 years with a cap of 100% Fixed Capital Investments (FCI).
[Notification No 25/05/2020-4IB1]
