India's Startup Scheme | Benefits under Startup India scheme

India's Startup Scheme | Benefits under Startup India scheme

 

India's startup scheme
Startup India

India's Startup Scheme

 

What are the benefits provided under startup scheme?

 

To availing various benefits under Startup India scheme, the entity would be required to recognized by DIPP as a startup by applying at Startup India Scheme.

 

These are the benefits that are provided to recognized startups under the Startup India initiative are:

 

1. Self-Certification: For startups  self-certify and comply under 3 Environmental & 6 Labour Laws

 

2. Tax Exemption: Startups will get Income Tax exemption for a period of 3 consecutive years and exemption on capital and investments above Fair Market Value

 

3. Easy Winding for Company: In 90 days under the Insolvency & Bankruptcy Code, 2016

 

4. Startup Patent Application & IPR Protection: Fast track patent application with up to 80% rebate in filling patents

 

5. Easier Public Procurement Norms: Exemption from requirement of earnest money deposit, prior turnover and experience requirements in government tenders

 

6. SIDBI Fund of Funds: The funds for the investment into startups through Alternate Investment Funds

 


To know more about benefits under Startup India, please visit Startup India

 

All information gathered from official site.

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