Punjab Startup Policy Lease Rental Subsidy
Department of Industries & Commerce, Government of Punjab · Central government
Punjab reimburses lease rental for DPIIT-recognised startups.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Up to ₹3,00,000
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
About this scheme
The Department of Industries & Commerce, Government of Punjab, through its Startup Punjab initiative, administers the Lease Rental Subsidy. This measure is intended to reduce operational costs for new businesses by addressing workspace expenses. The objective is to allow emerging companies to channel their financial resources towards core activities such as product development and market expansion.
Eligible startups receive a reimbursement of 25% of their monthly lease rental. The annual ceiling for this support is ₹3,00,000 (three lakh rupees). The subsidy applies for an initial period of one year, with the possibility of an extension subject to prevailing policy norms.
Funding is restricted to lease rental payments for workspace in approved locations. This assistance helps startups manage overheads related to physical premises, thereby supporting a more stable operational environment. The policy aims to enable startups to accelerate their growth and contribute to the state's economic development.
Who can apply
- Eligible business forms
- Private limited company, Limited liability partnership, Partnership firm
- Udyam registration
- Not specified
- MSME registration
- Not specified
- DPIIT startup recognition
- Required
- GST registration
- Not specified
- Where the business may be based
- Punjab
- Applicant must be a DPIIT-recognised startup. - Startup must be registered in Punjab. - Workspace must be located within a recognised incubator, IT park, or industrial cluster in Punjab. - Lease agreement for the workspace must be in the startup's name and legally valid. - Startup must demonstrate active operations from the leased space.
How to apply
Applications are made through the Invest Punjab portal, which acts as a single-window facility for state-level business services and permits. The portal is designed to handle startup applications digitally.
The documents required are a DPIIT certificate, a current lease agreement, monthly rent receipts or other verifiable payment evidence, and bank account details. All paperwork must be up to date, precise, and show the lease rental costs clearly. Document verification forms part of the approval procedure.
Reimbursements are generally released every quarter, or according to the cycle set by the Invest Punjab portal. Startups should monitor the portal periodically for updates on application status and payment timelines.
How applications are assessed
Applications are submitted through the Invest Punjab portal. The approval procedure entails a review of the uploaded documentation—such as the DPIIT certificate, lease agreement, rent receipts, and bank details—to ascertain eligibility and verify that operational expenses are genuine.
Frequently asked questions
What is the maximum reimbursement amount available?
The scheme reimburses up to ₹3,00,000 per year for qualifying lease rentals.
Who is eligible to apply for this subsidy?
Startups recognised by DPIIT and registered in Punjab, operating from a recognised incubator, IT park, or industrial cluster with a valid lease agreement, qualify for this scheme.
How frequently are the reimbursements disbursed?
Reimbursements are issued every quarter, or as per the cycle specified on the Invest Punjab portal.
What documents are required to apply for the Lease Rental Subsidy?
Applicants must provide their DPIIT certificate, a valid lease agreement, monthly rent receipts or proof of payment, and bank details.
For how long is the Lease Rental Subsidy provided?
The subsidy is initially provided for one year, with the possibility of extension subject to prevailing policy norms.
Sectors
- Lease Rental Subsidy
- Equity Free
- Dpiit
- Punjab
Details last verified on 3 August 2026. Source: the issuer's published information.