STARTUP INDIA
Startup India is a Government of India initiative launched in 2016 to promote entrepreneurship by providing tax benefits, funding support, easier compliance, and incubation assistance to eligible startups.
Startup India
1. Startup India Seed Fund Scheme
Provides financial assistance up to ₹20 lakh as grant for idea validation, prototype development, and market entry, and up to ₹50 lakh as debt/convertible debentures for scaling operations. Helps early-stage startups reduce initial financial risk.
2.Tax Exemption
A timeline is a graphical representation on which important events are marked.
3.Trademark & Patent Benefits
Startups receive up to 80% rebate on patent filing fees and 50% rebate on trademark filing fees, along with fast-track processing. Protects innovation while significantly reducing IP costs.
4.Compliance Relaxation
Startups enjoy self-certification and reduced compliance under various corporate, environmental, and labor laws. This minimizes regulatory burden during the early growth phase.
5.EMD (Earnest Money Deposit) Exemption
Recognized startups are exempted from paying EMD while participating in government tenders. This improves access to public procurement opportunities.
6.Labour Law Benefits
Startups can self-certify compliance under key labor laws for a specified period. Reduces inspections and simplifies workforce-related regulations.
7.Cloud Credit Benefits
Startups get free or discounted cloud credits from partners like AWS, Google Cloud, and Microsoft Azure. Enables access to enterprise-grade technology at minimal cost.