Startup Karnataka
The Government of Karnataka offers a reimbursement of 50% of Net State GST (SGST) to eligible startups, capped at 100% of Fixed Capital Investment, available for 7 years.
The Karnataka Startup Policy 2025-2030 is designed to foster a vibrant startup ecosystem within the state by offering various incentives and support mechanisms. Among these, the Reimbursement of State GST (SGST) is a crucial financial incentive aimed at reducing the operational burden on emerging businesses. This program provides eligible startups with a significant financial boost by returning a portion of the State Goods and Services Tax they pay. By doing so, the state government encourages new ventures, promotes job creation, and stimulates economic growth across diverse sectors. This particular incentive helps startups conserve capital during their crucial early and growth phases, allowing them to reinvest more into innovation, product development, and market expansion. The policy aims to position Karnataka as a leading hub for innovation and entrepreneurship, attracting and nurturing talent within its borders.
Rolling basis