Startup India Policies of Telangana

Benefits of Startup India Policies of Telangana:

To build Telangana as the best state in terms of innovation the government has come up with the startup scheme which will lead every user to run on the path of success. So, here have a look at the benefits of this scheme:

• You can file for the self-certification such as:
• The Payment of Wages Act, 1936
• The Minimum Wages Act, 1948
• The Employment Exchanges Act, 1959
• The Factories Act, 1948
• The Maternity Benefit Act, 1961
• The Telangana Shops & Commercial Establishments Act, 1988
• The Contract Labour Act, 1970
• On a yearly basis, reimbursement for the maximum total turnover of Rs. 1 cr can be avail.
• The government of the state, under this scheme, will give refund 30% of the actual costs. Travel cost, trade shows and many are involved in it.
• Precautions in respect of safety and security of employees are the best.
• Required welfare and health amenities should also be given to employees.
• You will get funds from the renowned companies.

Eligibility of Startup India Policies of Telangana:

To get the help of this scheme launched by the Telangana government for making the state innovative you need to check the eligibility criteria mentioned for every participant. So, take a look:

• If you have a new concept and idea related to any kind of innovation then, you can apply for this.
• The following startup should have an annual turnover of not more than Rs. 1 cr. per annum.
• The startup must be incorporated in Telangana only.
• It is mandatory to have 50% of the employees from the Telangana origin.
• It must have its first year of operation in the state only.

Click here if you wish to get your Startup recognized under the Startup India Program.