Startup India scheme

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• nishanth vijayakumar

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Startup india scheme

• Transforming India into a country of job creators
  instead of job seekers with the flagship
  initiative called "Startup India". It was
  launched on 16th january by the Government of
  India.
• The idea mainly focus on building a strong
  environment for startup innovation,
  entrepreneurship, and also encourages sustainable
  economic growth and create employment.

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• Eligibility to avail the benefits of the scheme
  are
• The startup must be incorporated as private
  limited or partnership firm or LLP as per the act
  associated with it.
• All business startups that is in existence for
  upto 10 years from the date of their registration
  will be eligible.
• Annual turnover should not exceed 100 crores in
  any past years.
• A business started out by splitting won't be
  eligible.
• Startup's developing a new product or service are
  eligible.

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• Benefits of startup India scheme
• To increase the growth of indian economy, a host
  benefits are provided to startups.
• Self certification
• Income tax exemption
• Easy winding up of company
• Simple process
• Startup patent application and IPR protection
• Relaxation in public procurement norms
• SIDBI fundsIndia is booming up powerful startups
  from zomato to ola cabs. This scheme provides
  immense benefits from tax to funding. So the
  entrepreneurs focus on their core business rather
  than worrying about regulatory burden.