HP Reimbursement for Public Issue
By Department of Industries, Government of Himachal Pradesh (Startup Himachal)
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Quick Answer
MSMEs in Himachal Pradesh can claim up to ₹10 lakh as reimbursement for 50% of expenses incurred on floating a Public Issue on NSE SME platform.
- Funding amount
- Up to ₹10L
- Funding type
- Subsidy
- Application deadline
- Rolling
- Eligible stage
- Revenue
- Location
- Himachal Pradesh
- Registrations needed
- Udyam registration
About this subsidy
The Government of Himachal Pradesh, through its Industrial Investment Policy 2019, offers a crucial incentive designed to bolster the growth and capital access of Micro, Small, and Medium Enterprises (MSMEs) within the state. This specific program, detailed as an incentive within the broader policy, aims to alleviate the financial burden associated with raising capital through public markets. By providing a substantial reimbursement for expenses incurred in floating a Public Issue on the National Stock Exchange's (NSE) dedicated platform for SMEs, the policy actively encourages local MSMEs to tap into equity financing. This initiative is pivotal for enterprises looking to scale their operations, expand into new markets, or invest in advanced technologies, thereby contributing significantly to industrial development and job creation across Himachal Pradesh. The reimbursement covers a significant portion of the costs, making public fundraising a more viable and attractive option for eligible businesses. This strategic support mechanism underlines the state government's commitment to fostering a vibrant and self-reliant MSME sector, enabling these businesses to achieve sustainable growth and contribute effectively to the state's economy. The policy ensures that funds raised through this route are utilized for the legitimate purpose of establishing or expanding eligible enterprises within the geographical boundaries of Himachal Pradesh, ensuring local economic benefit.
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 ₹10L
What You Get
This incentive provides a significant financial boost to eligible MSMEs by offering reimbursement of 50% of the expenses incurred on floating a Public Issue. This includes the cost of registration with the National Stock Exchange (NSE) and other associated costs. The maximum reimbursement cap is set at ₹10 lakh per enterprise, making public fundraising more accessible. This direct financial support helps MSMEs mitigate the substantial costs typically involved in capital market access, thereby encouraging them to raise equity capital for their expansion and growth initiatives within Himachal Pradesh. By reducing the financial barrier, the scheme facilitates greater participation of local enterprises in capital markets, promoting sustainable development and job creation.
- Disbursement
- Reimbursement
- 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
Q: What kind of enterprises are eligible for this reimbursement?
A: Only Micro, Small, and Medium Enterprises (MSMEs) are eligible to claim this reimbursement.
Q: What expenses are covered under this scheme?
A: The scheme covers 50% of the expenses incurred on floating a Public Issue for raising funds through the National Stock Exchange (NSE) dedicated platform for SMEs, including the cost of registration with NSE.
Q: What is the maximum reimbursement amount an enterprise can receive?
A: An eligible enterprise can receive a maximum reimbursement of INR 10 lakhs for the covered expenses.
Q: Are there any conditions on how the raised funds must be used?
A: Yes, the funds raised through the Public Issue must be exclusively utilized for the setting up or expansion of eligible enterprise(s) within the State of Himachal Pradesh.
Q: Is there a specific deadline to apply for this reimbursement?
A: The policy document does not specify a fixed deadline. As an ongoing incentive within the Industrial Investment Policy 2019, claims are generally accepted on a rolling basis, subject to policy guidelines and budget availability.
Q: How does this scheme benefit MSMEs?
A: This scheme significantly reduces the financial burden of accessing capital markets, encouraging MSMEs to raise equity funding for growth and expansion. It promotes industrial development and job creation within Himachal Pradesh by making public fundraising more viable.
Sources
Data on this page is compiled from official program and provider references.
