3. Startup India campaign is based on an action plan aimed at promoting
bank financing for start-up ventures to boost entrepreneurship and
encourage start ups with jobs creation. The campaign was first
announced by Prime Minister Narendra Modi in his 15 August, address
from the Red Fort It is focused on to restrict role of States in policy
domain and to get rid of "license raj" and obstacle like in land
permissions, foreign investment proposal, environmental clearances. It
was organized by Department of Industrial Policy and Promotion. A
startup is an entity that is headquartered in India which was opened
less than five years ago and have an annual turnover less
than ₹25 crore (US$3.7 million) The government has already
launched PMMY, the MUDRA Bank
7. • Private Limited Company under the Companies Act, 2013
• Registered Partnership firm under the Indian Partnership Act, 1932
• Limited Liability Partnership under the Limited Liability Partnership Act, 2008.
• Five years must not have elapsed from the date of incorporation/registration.
• Annual turnover (as defined in the Companies Act, 2013) in any preceding F.Y. must not
exceed Rs.25 crore.
• Age should not be more than five years
• new products, processes or services driven by technology or intellectual property.
• The Startup must aim to develop and commercialise:
8. Must be a Private Limited Company
Age should not be
More than 5 years
Turnover should not
Exceed 25 crores
Should develop an
Innovative product
Get an approval from DIPP that your company is innovative
Recommendation
Letter by incubator in
Post graduate india
college
Recommendation
Letter by incubator in
Funded by GOI
Recommendation
Letter by incubator
Recognized by GOI
Has patent granted
By india patent and
Trademark office
Related to business
If you meet conditions A,B,C,D,E and anyone of F series then you are a startup
9. Prime Minister Narendra Modi with Finance Minister Arun Jaitley and Commerce and
Industry Minister Nirmala Sitharaman launching the “Startup India” action plan at Vigyan
Bhawan in New Delhi on Saturday (16 JAN 2016).
10. 1. No Income Tax for three years
Start-ups would not pay Income Tax for three years. This policy would
revolutionise the pace with which start-ups would grow in the future.
2. Tax exemption for investments of higher value
In case of an investment of higher value than the market price, it will be
exempt from paying tax
3. No Capital Gains Tax
At present, investments by venture capital funds are exempt from the Capital
Gains Tax. The same policy is being implemented on primary-level
investments in start-ups.
11. 5. Rs 10,000 crore fund
The government will develop a fund with an initial corpus of Rs 2,500 crore
and a total corpus of Rs 10,000 crore over four years, to support upcoming
start-up enterprises
6. National Credit Guarantee Trust Company
A National Credit Guarantee Trust Company (NCGTC) is being conceptualised
with a budget of Rs 500 crore per year for the next four years to support the
flow of funds to start-ups.
Cont.
4.Faster exit
If a start-up fails, the government will also assist the entrepreneurs to find
suitable solutions for their problems. If they fail again, the government will
provide an easy way out.
12. 7. Self certification
The start-ups will adopt self-certification to reduce the regulatory liabilities. The
self-certification will apply to laws including payment of gratuity, labour
contract, provident fund management, water and air pollution acts.
8. Start-up India hub
An all-India hub will be created as a single contact point for start-up
foundations in India, which will help the entrepreneurs to exchange knowledge
and access financial aid.
9. Register through app
An online portal, in the shape of a mobile application, will be launched to help
start-up founders to easily register. The app is scheduled to be launched on 1
April.
Cont.
13. 10. Building entrepreneurs
Innovation-related study plans for students in over 5 lakh schools. Besides,
there will also be an annual incubator grand challenge to develop world class
incubators.
11.Atal Innovation Mission
The Atal Innovation Mission will be launched to boost innovation and
encourage talented youths.
12.Setting up incubators
A private-public partnership model is being considered for 35 new incubators
and 31 innovation centres at national institutes.
Cont.
14. 13. Research parks
The government plans to set up seven new research parks, including six in the
Indian Institute of Technology campuses and one in the Indian Institute of
Science campus, with an investment of Rs 100 crore each.
14. Entrepreneurship in biotechnology
The government will further establish five new biotech clusters, 50 new bio
incubators, 150 technology transfer offices and 20 bio-connect offices in the
country.
15. Dedicated programmes in schools
The government will introduce innovation-related programems for students in
over 5 lakh schools.
Cont.
15. 16. Legal support
A panel of facilitators will provide legal support and assistance in submitting
patent applications and other official documents.
17. Rebate
A rebate amount of 80 percent of the total value will be provided to the
entrepreneurs on filing patent applications.
18. Easy rules
Norms of public procurement and rules of trading have been simplified for
the start-ups.
Cont.
19. Patent protection
A fast-track system for patent examination at lower costs is being
conceptualized by the central government.
16.
17.
18. So, start up India and Stand up India is scheme with new body with
previously prevailing spirit under the care and nourish of our PM now.
Which helped in getting required attention from the potential benefits
seeker i.e new entrepreneurs producing unique non-existing product and
services which may also add value to available products and services.
Majorly this scheme focus on R&D and manufacturing of product etc. So,
one must acquire all information about criteria before seeking the aid.
Pioneer education institution are power house with youth blood in making
the success of the scheme and economical advance India in future making
it profitable center for new innovation and thinking.
19. “India launching a startup is like Abhimanyu entering in to
Chakravyuha’’---Mohd Subhan