Karnataka Biotechnology Policy 2024-2029
The Karnataka Biotechnology Policy 2024-2029 aims to position the state as a global hub for biotechnology innovation and biomanufacturing. It offers a comprehensive package of fiscal incentives, including 100% SGST reimbursement for startups, 6% interest subvention, 100% stamp duty exemption for MSMEs, and a 2.25% turnover-linked production incentive for large-scale industries over a 5-year operative period.
Key Summary
- Ministry / Authority
- Department of Electronics, Information Technology, Biotechnology and Science & Technology, Government of Karnataka
- Incentive Type
- Composite state package (capital grants, SGST reimbursement, interest subsidy, stamp duty exemption, and turnover-linked incentives)
- Incentive Rate
- Startups: 100% SGST reimbursement (Beyond Bengaluru, max turnover ₹100 Lakhs), 50% capital grant up to ₹100 Lakhs for incubation centres; MSMEs: 6% interest subsidy (8 yrs), 100% stamp duty exemption (5 yrs), 100% land conversion reimbursement; Large Scale: 2.25% turnover-linked incentive (7 yrs), 6% interest subsidy (8 yrs), 10% land cost subsidy up to ₹100 Lakhs
- Min. Investment
- —
- Application Deadline
- Open
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