Startup India is a Flagship initiative of Government of India.. Which help to nurturing a innovation startups in India that will drive sustainable growth and generate employment in India. Through this Initiative Government of India aims to empower startups to grow through design and innovation.
To achieve the objective GOI issue Action plan that includes all the eligibility and terms & condition required to start startups.
Who will qualify to be a Startup?
An Entity* who is in existence less than 5 Years.
An Entity has turnover less than 25 cr in any preceding year.
An Entity working towards Innovation, development, deployment and commercialization new products ,process, and services driven by technology or intellectual property.
* Entity means Private Limited Company (under The Companies Act, 2013) or a
Registered Partnership Firm (under The Indian Partnership Act, 1932)
or Limited Liability Partnership (under The Limited Liability Partnership
Act, 2008)
What are the Benefit Under Startup?
Tax Exemption for 3 Years.
Self certification under Labour and Environment laws.
Guarantee fund for startup.
Upto 80% rebate in patent application.
Fast track wind up etc. etc.
Thanks and Regards
Avinash Sharma
UPAMANYU.AVI@GMAIL.COM
Avinash Sharma
UPAMANYU.AVI@GMAIL.COM
