Start-up India Yojana: To give a new direction to startups in India, the Government of India has started the Startup India Yojana. Through this scheme, youth are being encouraged to start up. Actually, this is an initiative of the Government of India, through which startups have been promoted in the society. In this, tax exemption, regulatory exemption and financial assistance opportunities have been provided for starting a start up.
Through this scheme, startup can be made very simple and easy. So that people will be attracted towards giving employment instead of looking for employment. Along with this, the start up journey can be simplified through this scheme. If you are also associated with a startup, then you will get all the information related to Startup India in this article. Through which you will be able to get the benefits of Start Up India.
What is Start-up India Scheme?
Startup India Scheme is an initiative of the Government of India in the enterprise sector. Through which the government provides benefits like loan exemption, regulatory exemption and financial funds to promote startups. Actually, the government is promoting startups to meet the needs of the growing youth population. So that an infrastructure can be created for startups. Along with this, the government is also inspiring innovative ideas through startups.
Startup India has also proved to be very helpful in providing employment to the youth. Because starting a startup generates many jobs, due to which employment has also increased along with the startups. Apart from this, the objective of the Startup India scheme is to contribute capital to the startups by reducing the burden. So that the startup journey can be simplified.
Objective of Startup India Scheme
The objective of the Startup India scheme is to promote startups in the country. For this, the government also provides financial assistance to startups. Not only this, the government has also provided loan facility to start a startup. So that a startup can be started easily without any financial crisis.
Along with this, let us tell you that the government wants to fulfill the goal of generating employment through startups. Because startups are a means through which it is possible to reduce unemployment. Apart from this, the economic condition of the country will also improve with the start-up.
Benefits of Startup India Scheme
- Through this scheme, any eligible start-up can take a loan for 10 years. There will be no need to pay any kind of income tax on this loan for the first 3 years. This financial assistance plays an important role in taking the startup forward.
- Along with this, startups are allowed to comply with various types of labor and environmental regulations, which comes under regulatory exemption. This reduces the administrative burden for the startup and allows the person to focus on the activities related to the enterprise.
- Along with this, the facility of IPR registration is available in it. So that the start up scheme can be protected. For which the facility of patent, trademark and design filing processes has been provided. Along with this, subsidy is also given by the government.
- The Startup India program provides discounts on government procurement and also provides opportunities for startups to showcase their solutions.
- Apart from this, Seed Fund Scheme has also been included in the Startup India Scheme. Through this, if a startup buys seeds, then Rs 10 lakh is made available to it.
Eligibility for Start-up India Scheme
- To avail the benefits of the Startup India Scheme, the person starting the startup must be a resident of India.
- Along with this, the company should be registered as a Private Limited Company/Limited Liability Partnership. Due to which the company gets legal protection.
- Along with this, the startup company should not have been started more than 10 years ago. This shows how much potential startups have.
- Apart from this, the company’s activities should be focused on innovation, development and commercialization.
Documents required for Startup India Scheme
- Aadhar card
- Company Patents
- Trademark
- Design
- company registration file
- Mobile Number
Registration Process for Startup India Scheme
- To register for the Startup India scheme, first of all visit its official website .
- On the home page of this website you will get the option of application form for registration.
- By clicking on this option the registration application form will open.
- The applicant should carefully enter the information asked in this registration application form.
- Along with this, upload the required documents online also.
- Keep in mind that it is mandatory to upload the registration certificate and board resolution document.
- Thereafter complete the registration process by paying nominal registration fee to proceed further with the process.
- However, for your information, let us tell you that registration is free.