Startup India Initiative

About the Scheme

Startup India is a flagship initiative of the Government of India, launched on 16th January 2016. It aims to build a strong ecosystem for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The initiative provides tax exemption, self-certification compliance, fund of funds, and fast-track patent examination.

Benefits

• Tax exemption for eligible startups for any 3 consecutive years out of the first 10 years
• Self-certification compliance for 6 labour and 3 environmental laws
• Fund of Funds with corpus of ₹10,000 crore managed by SIDBI
• Fast-track patent examination and 80% fee rebate
• Easy exit within 90 days under Insolvency and Bankruptcy Act
• Relaxed norms for public procurement

Eligibility Criteria

• 1Entity must be incorporated/registered for not more than 10 years
• 2Turnover for any financial year must not exceed ₹100 crore
• 3Entity should be working towards innovation, improvement of products/services
• 4Entity should not be formed by splitting up or reconstructing an existing business
• 5Must obtain DPIIT recognition

Documents Required

Frequently Asked Questions