Skip to main content

Why government helps to start-up business in our country?

The Government of India has taken several initiatives and policy measures to promote the culture of innovation and entrepreneurship in the country. Job creation is the biggest challenge facing India. With a significant and unique demographic advantage, India has immense potential to innovate, generate jobs, and generate jobs for the benefit of nations and the world.

In recent years, a wide spectrum of opportunities has been created by the Government of India to nurture new programs and innovation in many areas. Connecting with education, industry, investors, small and large entrepreneurs, non-governmental organizations for the lowest sections of society.

Recognizing the importance of women entrepreneurship and economic participation to enable the growth and prosperity of the country, the Government of India has ensured that all policy initiatives are geared towards enabling equal opportunity for women. The government wants to bring women to the forefront of India's entrepreneurial ecosystem by providing access to credit, networks, markets, and training.

Many benefits are being offered to entrepreneurs setting up startups to boost growth and help the Indian economy.


Simple process

The Government of India has launched a mobile app and a website for easy registration for startups. Anyone interested in setting up a startup can fill a simple form on the website and upload some documents. The entire process is completely online.


Cost Reduction

The government also provides a list of facilitators of patents and trademarks. They will provide high-quality intellectual property rights services, including a faster examination of patents at lower fees. The government will bear all the facility fees and the startup will bear only the statutory fees. They will enjoy an 80% reduction in patent filing costs.


Easy access to funds

A fund of Rs 10,000 crore has been set up by the government to provide funds to startups in the form of venture capital. The government is also giving guarantees to lenders to encourage banks and other financial institutions to provide venture capital.


Tax holiday for 3 years

Startups will be exempted from income tax for 3 years, provided they get certification from the Inter-Ministerial Board (IMB).


Apply for tenders

Startups can apply for government tenders. They are exempted from the "prior experience/turnover" criteria applicable to general companies responding to government tenders.


R&D facilities

Seven new research parks to be set up to facilitate startups in the R&D area


No time-consuming compliance

Many compliances for startups have been simplified to save time and money. Startups will be allowed to self-certify compliance (via the Startup Mobile App) with 9 labor and 3 environmental laws (for a list of white industries that are eligible under self-compliance - click here).


Tax saving for investors

Those who invest their capital gains in the venture fund set up by the government will be exempt from capital gains. This will help startups attract more investors.


Choose your investor

Following this scheme, startups will have the option to choose between VCs, giving them the freedom to choose their investors.


Easy exit

In case of exit - a startup can close its business within 90 days from the date of closing application


Meet other entrepreneurs

The government proposes to hold 2 Startup Fests annually nationally and internationally to cater to various stakeholders of a startup. This will provide great networking opportunities.

Comments

Popular posts from this blog

Yearly subscription for deepam magazine and address

Deepam Fortnightly magazine prices are inclusive for shipping and handling via the USPS. (For US delivery). Shipping to other counters will be through their Postal Services (eg Airmail in India). The address (subscription) can be changed at any time for delivery. Please mail us the details of the changed address to sales@emporiumonnet.com . Deepam fortnightly magazine subscription will start from the current issue or the next issue. Deepam Fortnightly Tamil magazine will be sent immediately upon receiving the issues from the publisher. Deepam is involved in the fortnightly magazine Diwali and annual issues. Any special issues will be sent free also. Deepam Tamil magazine. Indian Magazine Subscription, Purchase Purchase Purchase Indian Magazine Subscribe Online Worldwide Free Shipping To Your Door, Indian Magazines, Order Renewal Magazine In India Online Store Emporium From Shopping Mall In Coimbatore. Emporiumonnet.Com. We Emporiumonnet.Com Indian Magazine is your service provider for

Why startups fail to generate revenue quickly

In startups, the difference between staying out of the runway and running out always takes our eyes off revenue. We do not want to do this, and we certainly do not do it on purpose. But when we run in the middle of a startup, it is a very easy task to waste time on feel-good tasks, which sounds like progress but doesn't come in any money. No entrepreneur is immune to this trap. It is a part of the drive that makes successful entrepreneurs successful. I set up a ton of startups, worked on, and advised them, and each made the same mistakes where revenue is concerned. Whether an Owner is launching his first company or fifth, there is one common fact they cannot neglect: the path to success starts with survival. The probability of survival depends on how fast you can generate revenue. The key to getting revenue fast is to do nothing else but to seek it. Here the easiest are falling into the trap and how to stop them. Mistake # 1: Raise Money Before You Are Ready No startup joins it to