Startup India Details In English

On 16 January 2016, Prime Minister Narendra Modi launched the Startup India campaign. This plan is an important scheme for all those who want to start their own business.

 What is a startup?

A startup is a company from which is run by a person or a group.

 An Objective

•  Employment

 The aim of the government is to generate maximum employment through the Startup India campaign, in view of the increasing unemployment in India, this scheme has been made. Startups started under Startup India can generate a lot of jobs in India, which can reduce India's employment problem.

• Economic Development

 Through this scheme, the government will motivate educated youth who are not traditionally involved in any business to go into entrepreneurship.

• easy criterion for business Start-Ups

 Through Startup India, the government will create an easy criterion for business Start-Ups which will make it easier for First-Generation or new entrepreneurs to start a business.

• To make entrepreneurs' new innovative ideas profitable, the government will set up an incubation center, these centers will be connected to the educational institute. Will help in preparing a business plan. Will help you find new ideas. And be helpful in funding

 The government has taken some steps to encourage startups

 Like India Inspiration Fund

 Atal Innovation Mission

 Advantage

1. Income from the unit for 3 years will be exempted from tax and there will be no inspection

2. A loop of Rs 10000 crore will be made, in this, a fund of Rs 2500 crore will be given to startups every year.

3. The 500 crore per year credit guarantee fund will be created for startups for 4 years

4. An online portal for startups will be launched, and will also be introduced in Chhota e For via mobile app. There will be a registration facility also available.

5. There will be an 80% discount in patent application fees

6. Startups will get discounts in public and government procurement

7. A good exit policy will be made for startups

8. Atal Innovation Mission has started with Startup India. Under this, startups will have to be creative. Entrepreneur and network will be created.

9. The startup will be given many facilities and a National Award on Innovation

Startup campaign challenges

• Government Department's work culture

Although the Government of India has announced to abolish the license permit rule, it is not so easy to pass the file in the government office. Apart from this, obtaining all kinds of clearances has also proved to be a big problem for entrepreneurs.

What else can be done to encourage startups

1. Is of doing business

2. Subsidy and tax exemption

3. Promoting SMEs in Startups

4. Promoting the manufacturing sector under the Make in India campaign

India ranks third in the world with 4200 enterprises India is lagging behind in startups only from the USA and UK.

Courtesy:-Gadgets Today