HP 5% Interest Subvention for IT, ITeS, ESDM & Data Centres
By Department of Industries, Government of Himachal Pradesh (Startup Himachal)
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Quick Answer
IT, ITeS, ESDM units and green data centres get 5% interest subvention on term loans for 5 years, up to ₹25 lakh a year.
- Funding amount
- Up to ₹25L
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- Himachal Pradesh
About this subsidy
This subvention comes from the HP IT, ITeS, ESDM Policy 2019 and is only for tech enterprises and green data centres.
The Interest Subvention Scheme is a key incentive under the IT, ITeS, ESDM Policy 2019 by the Himachal Pradesh Government. It is designed to alleviate the financial burden on enterprises operating within critical technology sectors by providing a subsidy on the interest paid on their term loans. This initiative aims to foster growth, innovation, and sustainability among IT, ITeS (Information Technology Enabled Services), ESDM (Electronic System Design and Manufacturing) enterprises, and Green Data Centres located in Himachal Pradesh. By reducing the cost of borrowing, the government seeks to encourage investment in these strategic sectors, promote job creation, and enhance the overall technological landscape of the state. The scheme is a testament to the government's commitment to supporting the entrepreneurial ecosystem and driving economic development through targeted financial assistance.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
Provider
Department of Industries, Government of Himachal Pradesh (Startup Himachal)Shimla · Himachal Pradesh · India
Startup Himachal is the startup section of the Department of Industries, Government of Himachal Pradesh, based in Shimla. It publishes the state's startup policy and the incentives open to startups, new industries, innovation projects and incubators in Himachal Pradesh. What the…
Learn moreBenefits & Funding
- Amount
- Up to ₹25L
What You Get
The scheme provides a 5% interest subvention on term loans, making capital more accessible and affordable for eligible enterprises. This financial support is available for a period of up to 5 years, with a maximum annual subvention of ₹25 lakhs. The benefit helps reduce the overall cost of borrowing, improving cash flow and enabling businesses to reinvest in operations, expansion, or technology upgrades. This incentive acts as a critical enabler for businesses in the specified high-growth sectors within Himachal Pradesh.
- Disbursement
- Reimbursement
- Duration
- 61 months
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the Interest Subvention Scheme?
The Interest Subvention Scheme is an incentive program by the Himachal Pradesh Government offering a 5% subsidy on the interest component of term loans for eligible enterprises operating in specific technology sectors.
Who is eligible for the Interest Subvention?
The scheme is open to IT (Information Technology), ITeS (IT Enabled Services), ESDM (Electronic System Design and Manufacturing) enterprises, and Green Data Centres located in Himachal Pradesh.
What is the maximum amount of subvention an enterprise can receive?
Eligible enterprises can receive an interest subvention of up to ₹25 lakhs per annum.
For how long is the interest subvention provided?
The interest subvention benefit is provided for a period of 5 years.
Is this a loan or a grant?
This is a subsidy, specifically an interest subvention, meaning it's a non-repayable benefit that reduces the cost of an underlying term loan. It is not a direct loan or a grant in its traditional sense but a financial incentive.
Where can I find more details about the application process?
Details regarding the application process are typically outlined in the official IT, ITeS, ESDM Policy 2019 and associated guidelines published by the Himachal Pradesh Government. Applicants should refer to the official document for specific procedures and required forms.
Sources
Data on this page is compiled from official program and provider references.
