• StartUp India Streamlines Supporting Infrastructure For Entrepreneurs

    There are many reasons why startups must register on the government’s StartUp India portal. From funding to accreditation and patents, the Department of Industry Promotion has made an effort to put more and more information in the hands of entrepreneurs. The DIPP Secretary Ramesh Abhishek has gone on record to say he is very optimistic about women entrepreneurs growing the startup ecosystem and wants them to register to learn of their support infrastructure.
    SELF CERTIFICATION
    and complicane under 9
    environmental & labour laws

    INR 10,000 CRORE FUND
    of funds for investment into
    startups through Alternate
    Investment Funds

    Ramesh Abhishek promises women entrepreneurs bigger government support

    Ramesh Abhishek promises women entrepreneurs bigger government support

    STARTUP PATENT APPLICATION
    fast track & up to 80%
    rebate in filling patents

    INR 2,000 CRORE CREDIT
    guarantee fund for startups
    through National Credit Guarantee
    Trust Company / SIDBI over 4 years

    PUBLIC PROCUREMENT
    fast track under the criteria of
    “prior experience/turnover” for
    startups in all Central Government
    ministries/departments

    TAX EXEMPTIONS
    on Income tax for 3 years

    WINDING UP COMPANY
    in 90 days under insolvency
    & Bankruptcy code 2016

    TAX EXEMPTIONS
    on capital gains & on Investments
    above Fair Market Value

    What defines you as a startup? Here are some guidelines that the government has put down and these are a great pointer towards the infrastructure offerings the government can offer if you qualify.

    WHAT MAKES YOU A STARTUP?

    You could have existed for upto 5 years from its date of incorporation / registration?

    Incorporated as either a Private Limited Company or a Registered Partnership Firm or a Limited Liability Partnership

    Turnover for any fiscal year has not exceeded INR 25 crore

    Entity should not have been formed by splitting up or reconstruction a business already in existence

    Working towards innovation, development, deployment or commercialization of new product, processes or services driven by technology or intellectual property

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