Any business entity which depends on either product innovation or Process innovation to deliver products/services to customers can be termed as “Startup”. It can be from any sector but should generate employment rather than an activity for self-sustenance.

An entity shall be considered as a start-up: up to a period of 7 years from the date of incorporation/registration, if it is incorporated as a private limited company or registered as a registered partnership firm or a limited liability partnership in India. In the case of start-ups in the biotechnology sector, the period shall be up to 10 years from the date of its incorporation/ registration. The turnover of the entity shall not exceed Rs.25 Crore. The entity should be working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation. However, an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘start-up’.

Recognition certificate from any of the following: a) DIPP b) Startup cell, Manipur Startup c) Incubators / accelerators sponsored by govt /Private i. ex: DST Sponsored TBIs, Industry Sponsored Incubator/Accelerators d) Research Institutes i. ex: IIT, IIM, NIT, IISc, MIT, MTU Incorporate: Any startup is considered as MSME. To set up a Micro/Small / Medium Enterprise, the Entrepreneur has to register with concerned District Industries Centre of the District & obtain Acknowledgement.

Apply online at https://apply.startupmanipur.in a revenue stage or idea stage.

I. Certificate of registration ii. Audited Balance sheet iii. Profit and loss statement iv. Income Tax returns v. PAN card of business entity vi. AADHAAR card of the applicant

I. AADHAR card of the applicant ii. PAN card (not mandatory

Bank loans will be collateral free and covered under Government of India Credit Guarantee (GGTMS) scheme

State Government support of subsidy grant will be deposited to the financing bank. Bank will release fund (loan and subsidy grant) to the borrower on pro-rata basis; matching component of subsidy grant to be released against loan component release in same ratio for each instalment to the borrower.