UP MSME Equity Reimbursement
By Government of Uttar Pradesh
Check your eligibility
Sign up and we'll tell you whether your startup qualifies for this grant.
Quick Answer
A reimbursement scheme for Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh, covering up to 20% (maximum ₹5 lakh) of the expenditure incurred on raising equity funds through Stock Exchanges.
- Funding amount
- Up to ₹5L
- Funding type
- Subsidy
- Provider
- Government of Uttar Pradesh
- Application deadline
- Rolling
- Location
- Uttar Pradesh
- Registrations needed
- Udyam registration, Private Limited company registration
About this subsidy
This program, part of the Uttar Pradesh Micro, Small and Medium Enterprises Promotion Policy 2022, aims to encourage MSMEs within the state to raise capital through public markets. By offering a financial incentive for the costs associated with listing on stock exchanges and raising equity, the policy seeks to bolster the financial health and growth prospects of eligible enterprises. This initiative is designed to support MSMEs in accessing broader investor pools, thereby facilitating their expansion and contributing to the economic development of Uttar Pradesh. It specifically targets the high initial and ongoing expenses involved in public fund-raising, making this avenue more accessible to smaller businesses.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
The Government of Uttar Pradesh supports startups and businesses through a set of state policies, each run by a different department. This page covers the startup policy, which gives grants, reimbursements and free incubation to early startups, and the MSME, IT, food processing,…
Learn moreBenefits & Funding
- Amount
- Up to ₹5L
What You Get
The program provides a direct financial reimbursement for the expenses incurred by eligible MSMEs when raising equity funds via stock exchanges. Beneficiaries can claim 20 percent of their total expenditure, subject to a maximum cap of ₹5 lakh. This subsidy is intended to offset the significant costs associated with public listings, such as underwriting fees, legal and accounting charges, and other regulatory compliance expenses, thereby making capital market access more feasible for MSMEs.
- 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
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
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 maximum reimbursement amount available?
The program offers a maximum reimbursement of ₹5 lakh for eligible expenditures.
What percentage of expenditure is reimbursed?
20 percent of the total expenditure incurred on raising equity funds through the Stock Exchange is reimbursed.
Which types of enterprises are eligible for this reimbursement?
Micro, Small and Medium Enterprises (MSMEs) that are raising equity funds through recognized Stock Exchanges are eligible.
Is this program open to businesses outside Uttar Pradesh?
No, this program is part of the Uttar Pradesh MSME Promotion Policy 2022 and is specifically for MSMEs registered and operating within the state of Uttar Pradesh.
What kind of expenses does the reimbursement cover?
The reimbursement covers expenses incurred directly on raising equity funds through the Stock Exchange, which typically include legal fees, consulting charges, underwriting commissions, and other related costs for public issuance.
Does this reimbursement require me to give up equity in my company?
No, this is a reimbursement program, meaning it provides financial assistance for costs incurred and does not require any equity stake from your company.
Sources
Data on this page is compiled from official program and provider references.
