India is rapidly progressing as a startup hub. The nation has evolved as a hot investment destination. Today, the economic ecosystem of Indian startups is rising and putting every inch of effort to build a successful business in India.
Startup India on TimesNext makes you acquainted with the culture of startups in India. The demand in technology has ultimately fueled the growth in technology startups. Arising enthusiasm among people has achieved support from the authorities.
The Startup India initiative by the government of India, Launched in January 2016 by Prime Minister Narendra Modi possesses the sole objective of promoting startups, generation of employment, and wealth creation. It was a move of robust federalism. The scheme provides a platform for skilled businesspeople to propagate their ideas.
Startup India policies
- Self-certification for the startups
- Income tax exemption for three consecutive years
- Modified and more friendly bankruptcy code.
- IPR protection.
- Get listed as a seller to the government and benefit from exemptions.
- Freedom from mystifying inspections for three years
- Exemption on capital gain tax for three years
Startup in India - key facts
- 10,000 crore fund of funds.
- 80% reduction in patent registration fees.
- Encourage entrepreneurship
- Eliminating red tape
Put no more thought and pitch in your ideas to build a startup of your own with the advancing support from the government. TimesNext brings into light the upcoming Indian startups, promote elevated participation and employment.