About Start Up India

 (Detailed information including process of registration)

What is Startup India Scheme?

As you all know that start up means an entrepreneurial venture which satisfies one of the most important needs of market through a viable business model.

More than 1,200 startups came up in 2018, including eight unicorns, taking the total number to 7,200 startups.

Today almost everyone wants to form a startup but due to rigid rules and cumbersome process, mostly startups fails to be formed. Keeping this thing in mind, Government of India launched Start up India Scheme on 16^th January 2016 to promote startups in India.

What are the benefits of Startup India Scheme?

Following are the benefits of Startup India Scheme:

1. Self-certification and compliance under 9 environmental & labour laws. Before this scheme, to form a startup, one need to obtain many licenses and certifications due which there was heavy loss of time. But now one can obtain all certificates from one place and at the same time only by registering themselves under this scheme.
2. Fast track patent application and up to 80% discount on patent filing process.
3. No tax to be paid for 3 years.
4. 90 days exit window for closing a startup.
5. 10000 crore investment fund for startups
6. Establishment of new incubation center, innovation center and research parks.
7. To encourage entrepreneurship, government has provided many free online courses and resources.

What are the eligibility criteria for startups to avail benefits of this scheme?

1. Your startup should not be more than 7 years old or 10 years in case of biotechnology startup.
2. Startup should be registered as a Private Limited Company/Registered Partnership Firm/ Limited Liability Partnership Firm.
3. Turnover of startup should not be more than 25 crore in any year.
4. This startup should not be re-established company of any previous company.
5. Startup should focus on innovation, development or improvement of product, process or service OR Its aim should be earning money along with employment generation.

What is the registration process in startup scheme?

Following are the steps to register your startup under this scheme:

1. Visit  startup India website www.startupindia.gov.in
2. Register yourself on the website.
3. Now press on Get Recognized icon.
4. Fill in the necessary details and you are done.

After this you will be able to claim all the benefits of Startup India Process.