Startup India Guide Part 1 with Rahul in Hindi
- Startup India Guide Part 1
A startup is a newly established business, usually small, started by 1 or a group of
individuals. What differentiates it from other new businesses is that a startup offers a
new product or service that is not being given elsewhere in the same way.
The keyword is innovation. The business either develops a new product/ service or
redevelops a current product/service into something better.
WHAT IS STARTUP INDIA?
Startups are becoming very popular in India. In order to
develop Indian economy and attract talented entrepreneurs, the
Government of India, under the leadership of PM Narendra Modi,
has started and promoted Startup India initiative to recognize and
promote startups.
The STARTUP ELIGIBILITY CRITERIA
BENIFTS OF STARTUP REGISTRATION
START UP INDIA SHOULD BE RECOGNISED FROM DPIIT
DPIIT-Recognised Startups are eligible for the following benefits:
1. Intellectual Property Rights (IPR) benefits
2. Relaxation in public procurements norms
3. Self-Certification under Labour & Environment laws
4. Fund of Funds for Startups (FFS)
5. Faster exit for Startups
DPIIT-Recognised Startups may apply to IMB (The Inter-Ministerial
Board) for the following benefits:
Section 80 IAC: Income Tax exemption for 3 out of 7 years
Fund of Funds for Startups.
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