With the widespread adoption of digital transactions, investing in digital payment solutions is highly promising. Companies like Paytm and Pine Labs are already leading the way. There is a growing demand for digital lending platforms that offer quick and easy access to credit. Startups like PayMe India are making significant strides in this area.
The insurance technology sector is ripe for innovation, with opportunities to develop products that cater to the diverse needs of the population.
Investing in blockchain technology and AI-driven fintech solutions can lead to significant advancements in security, efficiency, and customer experience.
Given Uttar Pradesh’s strong agricultural base, fintech solutions that support agricultural financing, crop insurance, and supply chain management can be highly impactful.
There is a substantial opportunity to develop fintech products that enhance financial inclusion, especially for underserved populations.
The state government is supporting the fintech sector through initiatives like the establishment of FinTech City in Noida to attract more startups and investments. Additionally, the presence of incubation centers at premier educational institutions like IIT-Kanpur and IIM-Lucknow provides crucial support for fintech startups.
Sr. No. | Department Name | Service Name | Timeline (Days) | Category | Criteria | |
---|---|---|---|---|---|---|
Board of Revenue Website Link |
Change of Land Use | 45 | Pre-Establishment | In case applicant wants to change agriculture land to non-agriculture land | ||
Department of Labor Website Link |
Registration under UP Shops and Establishment Act 1962 | 1 | Pre-Establishment | Every establishment in which 1 or more workmen are employed | ||
Registration of principal employer's establishment under provision of The Contracts Labor (Regulation and Abolition) Act, 1970 | 30 | Pre-Operation | Every establishment in which 50 or more workmen are employed | |||
Registration under The Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 | 30 | Pre-Operation | Govt - Unit any number and Pvt unit 10 and more employee and Investment 10 Lac and above any number of employees | |||
Department of Stamp and Registration Website Link |
Property Registration | 1 | Pre-Establishment | Applicant wants to register property | ||
Pollution Control Board Website Link |
Consent to Establish Under Air and Water Act (NOC) | 120 | Pre-Establishment | Unit having discharge more than 10 KLD | ||
Consolidated Form for Consent under Water Act 1974 Air Act 1981 and authorization under the Hazardous and Other Wastes (Management and Transboundary Movement) Rules 2016 | 120 | Pre-Operation | Unit having discharge more than 10 KLD | |||
Uttar Pradesh Fire Services Website Link |
NOC from Fire Department (prior to commencement of construction activities) or Provisional | 15 | Pre-Establishment | Mandatory | ||
Uttar Pradesh Power Corporation Limited Website Link |
Power Connection | 30 | Pre-Operation | In case applicant require power connection | ||
Forest and Wildlife Department Website Link |
NOC for Tree Felling | 15 | Pre-Establishment | In case applicant wants to cut tree | ||
Registrar Firms Societies and Chits Website Link |
Registration of Partnership firms, Society | 30 | Pre-Establishment | In case applicant wants to register Partnership Firm or Society | ||
Public Works Department Website Link |
Road Cutting Permissions | 7 | Pre-Operation | In case applicant wants cut road | ||
Directorate of Electrical Safety Website Link |
Initial Inspection of High / Extra High Voltage Installation | 4 | Additional Service | Applicant requires power connection | ||
|
Building Plan Approval | 15 | Pre-Establishment | In case applicant wants to construct building |