Startup india action plan pdf

 

    In order to meet the objectives of the initiative, Government of India announced the Action Plan that addresses all aspects of the Startup ecosystem on 16th. Sr. No. Action Point (as per Action Plan), Relevant Notification. 1, Overall. Definition of Startup and procedure for recognition PDF file that opens in new window. The Government of India decided to boost the Startup ecosystem in the country and help India the Startup India Action Plan on January 16, in New Delhi.

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    Startup India Action Plan Pdf

    Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will. The Start-up India Action Plan launched by the Prime. Minister, Mr Narendra Modi, on 16th January have kindled the spirit of adventure among. Prime Minister Shri Narendra Modi unveiled an Action Plan for Startups on 16 January, highlighting various initiatives and schemes being.

    Startup India is an initiative launched to give new opportunity to the innovative youths of the country in order to more job in India. It is an active support started by the government of India to motivate new entrepreneurs as well as a chance to see some new dreams in the field of development. The aim of this event was celebrating the entrepreneurial spirit of India. It aims to create strong network in India to promote innovations and startups in business by the youths. The action plan of the startup India initiative has a list of sequential activities and well-defined steps taken by the government of India for the same. Action plan has an outline of all the most important priorities required to focus on the aim of this initiative. Action plan is prepared to give a strong support to the startups of India to create various small businesses for more job creation. It ensures new innovative entrepreneurs to start a business with full support. It will make Indian youths, who are willing to do something new in the field of business, more confident and energetic. Now, youths can start their own business in favor of India without having much fear of getting failure as this action plan has various effective plans for them. Benefits of Action Plan Action plan is a well-formed plan of action prepared by the government to set business startups with full support and in the right direction. This action plan created by the government will be proved as a strong support for the courageous and motivated youths of the country to do some new and effective business.

    The process of recognition entails obtaining a letter of recommendation from an incubator which is filed with DIPP along with the application.

    Such an incubator could be recognised or funded by the Government of India or established in a post graduate college in India. In order to obtain tax and IPR related benefits, a startup shall also be required to be certified as an eligible business from the Inter-Ministerial Board of Certification. The process of registration as a startup is real time and a recognition certificate is issued immediately upon successful uploading of the application.

    Are you eligible for schemes under ambitious Startup Action Plan?

    Stumbling blocks As discussed, in order to qualify for the incentives, the startup would need to determine whether it would fit into the definition as notified by the Government of India. Whether the business of the startup entails development of new products, processes or service would need to be determined on a case by case basis. An incubator who is responsible for issuing a letter of recommendation would be required to be convinced that the business activities do qualify as such.

    This is also especially since if it is later found that the incubator issued the letter of recommendation without satisfying itself, the incubator could be blacklisted by the Government from providing any further recommendations. Now it becomes even more easy for you to get detailed information regarding the Start up India plan.

    As notified earlier, the portal was made live on April 1 All the information regarding the online application forms, how to apply for loan etc are provided. A pdf file containing the list of incubators can be downloaded by interested applicants.

    A toll free number and helpline email for customer queries has been set up. You can find information regarding the same in the end of the article!

    Startup India - Wikipedia

    The launch event took place in Vigyan Bhawan, New Delhi. Many of us are still not clear about the goal, highlights and features of Start up India programme. Well, this article is going to provide all the available information regarding the same.

    Who can Apply? Stumbling blocks As discussed, in order to qualify for the incentives, the startup would need to determine whether it would fit into the definition as notified by the Government of India. Whether the business of the startup entails development of new products, processes or service would need to be determined on a case by case basis.

    Startup India

    An incubator who is responsible for issuing a letter of recommendation would be required to be convinced that the business activities do qualify as such. This is also especially since if it is later found that the incubator issued the letter of recommendation without satisfying itself, the incubator could be blacklisted by the Government from providing any further recommendations. In order to make the process faster and more efficient, it would have been good if the Government would have allowed self-certification by entrepreneurs with severe penalties in the event that such a certification was found to be false subsequently.

    This is also comparable to venture capital funds seeking registration as Category I Alternate Investment Fund with the Securities and Exchange Board of India SEBI , wherein the fund declares itself to be involved in the activity of investing primarily in unlisted securities of startups, emerging or early-stage venture capital undertakings mainly involved in new products, new services, technology or intellectual property right based activities or a new business model, and is not required to seek any certification for this purpose.

    It would be good if a clarification is provided on this aspect especially considering the fact that an FVCI has recently been permitted to invest in startups without foregoing benefits accorded to an FVCI. On the whole, the Startup India Action Plan seems to be geared in the direction of following a westernised model of encouraging entrepreneurship and creating value.

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