The Indian Prime Minister has announced new programs called "Stand Up India" and "Startup India" to encourage entrepreneurship and startup culture in India. The programs aim to leverage the technical skills of Indian youth to solve problems through new business ideas. At an event in New Delhi, the government unveiled a host of schemes to support startups in growing rapidly. These include tax exemptions for 3 years, credit guarantees, funding of 2500 crore for startups, establishing bioclusters and tinkering labs, and relaxed public procurement and intellectual property rules for startups. While some remain skeptical, supporters like Nikesh Arora of Softbank say the initiative is pathbreaking and can help catapult India to new heights by utilizing talent

1. CHURNING THE STARTUP ENGINE
The Indianprime ministerfinallydeliverssome goddiesuponhisthoughtsforstartupculture andit
seemslike the visit toSiliconvalleyhassetthe cogworksintomotion.’STANDUPINDIA AND
STARTUP INDIA ‘is the newtrendingwordontwitterand Mr Modi is all into change the philosphy
of a typial indian fromseeker tocreator. The novel Ideatoleverage the latent technichal prowess
of indian youthanduse it tosolve the problemsof millionsisfinallyamongstus.Inastar studded
event at Vigyanbhavan( NewDelhi) Indianleadershipdeliverdawhole hostof schemes which
may helpStartupstogrow at escape velocityof Jupiter.
SOME FACTS OF
INDIAN STRATUP
 With 4,200 startups, India
ranks 3rd globally.
 Of $18 billion pumped into
Indian startups between
2010-15, $9billioncame in
2015 alone.
 9 Indian startups have been
valuedat more than a
billion dollars.
 Increase in number of
incubators: 80 in 2014, 110
in 2015;50% outside Delhi,
Bengaluru, Mumbai.
 Inmobi is the largest mobile
advertiment firm in the
world is an Indian startup
suces story
 Zomato is giving tough
competitionto the global
startups such as yelpand
winning against them in
many countries
 With the rise of new apps
such as OYO rooms ,
definetely the force iswith
INDIA

2. TAX INCENTIVES
 Tax exemptiononcapital gains
Exemptionsshall be givenincase capital
gainsare investedinthe fundof funds
recognizedbythe government
 In addition,existingcapital gaintax
exemptionforinvestmentinnewly
formed MSMEs by individualsshall be
extendedtoall startups
 Tax exemptiontostartupsfor3 yearsto
promote growthof startups,profitof
startups,setup afterApril 1,2016 .
CREDIT
 Creditguarantee mechanismthrough
National CreditGuarantee Trust
Company/SIDBIshall be rolledoutwitha
budgetarycorpusof INR 500 cr per year
for the nextfouryears.
 Governmentwill setupafundwithan
initial corpusof INR2500 cr anda total
corpus of INR 10000 cr overa periodof 4
years.
ACADEMIA
 To promote entrepreneurshipin
biotechnology,5newbioclusters,50 new
bioincubators,150 technologytransfer
officesand20 bioconnectofficeswillbe
established.
 Establishmentof 500 tinkeringlabswith
3D printersinuniversities
 Institutionof innovationawards(3per
state/UT) and 3 national level
 Innovationfocusedprogramfocusedfor
students- Innovationcore programshall
be initiatedtotargetschool kidswithan
outreachto 10 lakhinnovationsfrom5
lakhschools.
LEGAL ASPECTS
 Relaxednormsof publicprocurementfor
startups
 80% rebate onfilingpatentapplications
by startups
 StartupIndiaHub- Single pointcontactfor
the entire startupecosystem.
 Compliance regimebasedonself
certificationtoreduce regulatoryburden
 Fast track mechanismsof startuppatent
applicationsin ordertoallow startupsto
realize the value of theirIPRsatthe
earliestpossible
 Fasterexitsforstartupsto make it easier
for startupsto exit,provisionforfast-
trackingclosure of businesses.

STARTUP INDIA
Mr Modi mighthave hita home run ,andserveda dishsomouth wateringthateventhe skepticsme joinininthe
the party.The bignamesof Global starupssuchasNikeshAroa(Softbank),AdamNeuman(WeWork),Travis
Kalanick(Uber),&VinodDham(Pentiumseries)hailed the initiativeaspathbreakingbutthere were still some
people whothink itwill endinadisaster.The Startupworldisthe bubbleafterthe 2008 recession,as tighter

3. Yet “Startup India”initiative isbestthingtohave happenedforyoungistanas itfinallygivesyouth
motivationtostartyour ownventure tobe yourownboss.It is the triggerwhichcan catapultIndia
to higherrealmsand helputilize the inherenttalet amongsouryouth.Yes!!manywill fail but
rememberthis the world’slargestonline retailerdidsurvive(amazon) the worstof times and
become the best.The mindsettoinnovationcomesattakingrisksanddefinationof ‘fail’(First
attemptinlearning) haschanged overtime.The initiative will help increaseriskappetiteof indians
and for the firsttime everassistinprovidingthe powerwe all seek“TO BECOME A CREATOR”.