Dear Rashmi,
Some of the basic policies are listed above by my HR frieds, further if you still have any doubts do specify here, n we will try our best to help you. I will try to help you with my experience as I have set up HR for one of the IT organization from scratch. Start with following steps:
1. Write down the basic requirements of the organization in terms of policies, procedures and structure
1. RECRUITMENTS:
I am assuming you are working as an HR Generalist who need to take care of more or less all the HR activities like Recruitments, Induction, Employee relation, Training etc. So first start with a recruitment procedure as well as policy which should be a step by step guide with some cardinal rules on recruitment (requisition form, Job description, list of documents required from new employees at the time of joining, decide SLA's for every level of requirement, salary slabs based on the levels like no. of yrs, expertise etc) for HR, HOD's and higher management who is involve in the interview process.
Post recruitment activities should also be formulated in a policy or procedure form like what will be the duration of the induction program, who will be responsible for the induction & orientation, what tools will be used like presentation, or class room session etc what will be covered in basic induction & technical training, employee handbook will be given or not if yes then small employee handbook should be designed which should include company information, goals, strategies, motto, basic employee related policies like Leave, Attendance etc, NDA should also be included.
Maintaining Attendance, leave recording and sending the collective information to the accounts before moth end for smooth salary flow.
2. EMPLOYEE RELATION:
How you are going to interact with your employees to understand their areas of concern through emails, bulletin, questionnaire or though face to face meetings, what all will be covered in those meetings, how would you win their confidence as an HR, as they want a person on whom they can confined, who can understand their needs n who's genuinely their to help them. How feedbacks will be collected in terms of their seniors, subordinates etc. Report generation and analysis based on your data.
What will be the plan of action based on the feedback results, how issues will be addressed to the senior management and what will be the HR SLA in terms of solutions.
Innovative and cashless methods to satisfy employees, building faith among employees regarding the company, management etc.
Identifying the individual training needs, organizing trainings for them through internal training team or outsourced institutes or whichever method is followed or acceptable in your company.
3. EXIT FORMALITIES:
If atall any individual is leaving the organization due to XYZ reasons how HR will handle the situation, first try to retain the employee for sure, if no possibility then further exit formalities like Exit interview, relieving letter, experience certificate etc, sending information to accounts for the final settlement etc.
I have briefly given you the basic idea of few HR segments those you may need as a beginner, hope this piece of information will be helpful, if you still need more clarification then do tell us we all are here to help you :P
Wish you all the Best!
New To HR 
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