Startup India

It’s time to start up a new beginning.

Register Startup India Scheme Today!

Startup India scheme is an important government scheme that was launched on 16th January 2016 with an aim to promote and support the start-ups in India by providing bank finances.
The Startup India scheme is based majorly on three pillars which are mentioned below:

1. Providing funding support and incentives to the various start-ups of the country.
2. To provide Industry-Academia Partnership and Incubation.
3. Simplification and Handholding.

Financial Benefits

A rebate on intellectual property rights (IPR) costs of 80% on patents and 50% on trademarks and are actively assisted by government-provided facilitators who aid with protecting and commercialising the IPRs.

Registration Benefits

Under the scheme, it provides a portal to create networking opportunities and assistance for startups. A problem-solving window has been provided by the government under the scheme.

Income Tax Benefits

An Income tax exemption for a period of 3 years from the date of incorporation, the startup will also be exempt from capital gains tax under section 56 of income tax Act, 1961-2014.

Procurement Benefits

Once your startup is certified by the Inter-Ministerial Board of Certification and a DIPP number will be issued to you, you can get listed as a seller on the Government of India’s e-procurement portal.

Eligibility Criteria for Startup India Scheme

The company must be incorporated as a private limited company, partnership firm or a limited liability partnership. The company should have received a patron guarantee from the Indian Patent and trademark office. Also it requires a recommendation letter from an incubator. The company should be brand-new or no more than five years old, and its annual revenue should not exceed ₹25 crores.

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