What is start up India
I want to know What is Start up India? Who Can get benefits of Start up India? I am Diploma Holder in Electrical Engg. How Can I get benefits from it? I want to start Bio-GAS, Bio-Energy, Solar Energy business. Can I get loan and ideas? more
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15. Dedicated programmes in schools The government will introduce innovation-related programems for students in over 5 lakh schools. 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. 19. 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. Interested in General Knowledge and Current Affairs? Click here to stay informed and know what is happening around the world with our G.K. and Current Affairs section. more
May 22
7. 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. 8. 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. 9. 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 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. more
May 22
4. Patent protection A fast-track system for patent examination at lower costs is being conceptualised by the central government. The system will promote awareness and adoption of the Intellectual Property Rights (IPRs) by the start-up foundations. 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. The Life Insurance Corporation of India will play a major role in developing this corpus. A committee of private professionals selected from the start-up industry will manage the fund. 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. more
May 22
some of the points which govt has taken are 1. 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. 2. 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. 3. 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 April 1. more
May 22
startup india is a platform given by govt to support,guide and handhold new enterpreneurs so that they can setup their own business and can also compete with bigger players who have funds in plenty more
May 22
