A monthly allowance of INR 15,000 shall be provided to a recognized Start-up for a period of one year.
The Monthly allowance of INR 20,000 shall be provided to start-ups with Founder/Co-Founder as Women/Transgender or SC/ST/SEBC/PH for a period of 01 year. In such a case, Woman/Transgender/SC/ST/SEBC/PH Founder(s) should at least have 50% equity in the Start-up entity.
Start-ups must submit the online application form to apply for the incentive.
Monthly payments for the first six months shall be made directly to the eligible Start-up in their registered bank account on a monthly basis.
After the completion of the first six month cycle, payments will be released based on evaluation of the utilization report submitted by the Start-up. The Utilization Report highlights the use of the monthly allowance in the first six month cycle with supporting documents and bills whichever applicable. The Start-up shall submit the report online to the ANInT 15 days before the completion of the first six months.
Monthly payments will be made for a period of one year only.
Start-ups can avail this benefit only once.
Startup Growth Grant
A one-time grant of up to INR 3 Lakh will be granted to start-ups to develop their products/service complying to the eligibility criteria.
Start-ups operating in the A & N Islands will be eligible for one time Marketing / Publicity assistance up to INR 3 Lakh for taking their product/service to the market.
The Start-up having a revenue run rate of INR 50,000 per month over last six months shall be considered eligible to avail the marketing assistance grant.
The Start-ups will must a pro-forma plan with justification online through the website
If approved by the Council, 50% of the payment may be made in advance and the remaining 50% will be reimbursed to the eligible Start-up in their registered bank account.
The marketing assistance grant will be a one-time payment made to the Start-up. The Start-up shall be granted a letter of approval from A & N Administration as confirmation for the disbursal of the grant. The Start-up shall bear the necessary expenditures and will claim the reimbursements from the ANInT
i. For travel purposes, the total cost shall be reimbursed up to INR 5,000 (including taxes) and the flight cost shall be reimbursed up to INR 15,000 (round trip).
ii. The details of anticipated expenses incurred by the Start-up while travelling participating at the event shall be submitted to the ANInT team. The assistance against these expenses shall be evaluated and approved by the Council as it deems fit.
Start-ups which are part of the Incubators and /or Co-Working spaces in India will be eligible for subsidy benefit up to 50% of monthly rental of the incubation/co-working space.
The subsidy is subject to a maximum of INR 5000 for a period of maximum 01 year.
The Start-up must submit relevant documents mentioned in the pro-forma along with the letter of incubation from the incubator/Co-working space.
If approved, a one-time payment may be made directly to the eligible Start-up’s registered bank account in advance.
A Utilization Certificate should be submitted by the Start-up after utilization of the payments made under the Programme along with payment receipts within one month from the date of the payment made to the incubator.
Patent Cost Reimbursement
The UT Administration will reimburse the cost of filing and prosecution of National or International Patent/Trademark/Copyright application of DIPP recognized startups operating in the region.
The Start-up must submit online pro-forma with the details of the Intellectual Property.
The Start-up will furnish the Patent/Trademark/Copyright application number along with the soft copy of the application form submitted while applying for the IP.
The Start-up shall furnish the soft copy of the receipt of the payment made through the pro-forma.
Start-ups will be eligible for annual reimbursement of state GST paid in sales of goods for any 03 years till the validity of their DIPP certificate. The reimbursement amount is subject to a maximum of INR 3 lakh per Start-up per year.
The Start-up must submit relevant documents mentioned in the proforma for all expenses along with bank details. The proforma shall also contain the details of the GST filed in the financial year 2018-19 or later, as mentioned on the application form.
Start-ups must be incorporated in Andaman & Nicobar Islands for at least 12 months before availing the benefit or must stay in A & N Islands for a period of 12 months post availing the incentive.
Start-ups will be eligible for 50% Power Subsidy subject to a limit of INR 5 lakh per annum for a period of 03 years.
Start-ups must submit online proforma with the details of the office incorporated in A & N Islands.
The power subsidy will be provided only to the start-ups operating in A & N Island.
The Start-up will furnish the quarterly bills to ANInT for receiving a reimbursement of up to 50% subject to a ceiling of INR 5 Lakh.
The payments made under the Programme should be mandatorily in digital mode.
Digital Technology Subsidy
Start-ups will be eligible for digital technology subsidy at 50% of capital expenditure for purchase of computers, related hardware, purchase of relevant software subject to a ceiling of INR 1 lakh per Start-up.
a. The Start-up must submit online proforma with details of the hardware/ software purchased as mentioned on the application form.
b. The subsidy shall be provided to eligible start-ups with a company incorporated in A & N islands for at least 12 months before availing the incentive or must stay in A & N Islands for a period of 12 months post availing the incentive.
c. The product/software shall be billed on the name of the founder/co-founder or the director of the company.
d. The payments made for the hardware/ software purchased should be mandatorily made in Digital mode.
e. The Start-up shall prepare an Utilization Report stating the usage of the assets as per its validity.
S Sunitha Kumari
Directorate Of Indistries, Middle Point, A&N Islands, Port Blair - 744101