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| 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.