A MONG the initiatives undertaken across the country for Startup India are: Startup India Action Plan that laid the foundation of Government support, schemes, and incentives.
- Fund of Funds for Startups (FFS) Scheme with a corpus of Rs 10,000 crore.
- Credit Guarantee Scheme for Startups (CGSS) by scheduled commercial banks, non-banking financial companies (NBFCs) and venture debt funds (VDFs) under Sebiregistered Alternative Investment Funds.
- Over 50 regulatory reforms undertaken by the Government since 2016 for ease-of-business and raising capital and reducing compliance burden for the startup ecosystem.
- Ease of procurement with relaxed conditions of prior turnover and prior experience in public procurement subject to meeting quality and technical specifications.
- Support for Intellectual Property Protection for fast-tracked patent application examination and disposal.
- Self-certification under labour and environmental laws for startups to self-certify their compliance under nine labour and three environment laws for three-five years from the date of incorporation.
- Income Tax exemption for three years
- International market access
- Faster exit for startups enabling startups to wind up operations within 90 days against 180 days for other companies.
- Startup India Hub is a platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other.
- Exemption for the Purpose Of Clause (VII) (b) of Sub-section (2) of Section 56 of the Act (2019)
- Startup India Showcase or an online discovery platform for the most promising startups National Startup Advisory Council The Way Ahead includes actionable plans for promotion of ease-of-doingbusiness for startups, greater role of technology in executing various reforms, building capacities of stakeholders and enabling a digital Aatmanirbhar Bharat.
- Startup India Seed Fund Scheme for easy availability of capital.
- National Startup Awards States’ Startup Ranking framework
- Startup Champions programme on Doordarshan is a one-hour weekly programme covering stories of award winning/ nationallyrecognised startups.
- Startup India Innovation Week around the National Startup Day (January 16), to bring together the country’s key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, and other national/international stakeholders to celebrate entrepreneurship and promote innovation.
