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ARTICLE · 10 NOVEMBER 2017

Startup India

S.S. Rana & Co.
S.S. Rana & Co.
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S.S. Rana & Co.

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The Government of India introduced Startup India as an initiative aimed towards a pragmatic approach to promote development through innovation and entrepreneurship.

IndiaCorporate/Commercial Law
Pooja Thakur
Pooja Thakur
Aakriti Thakur
Aakriti Thakur
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The Government of India introduced Startup India as an initiative aimed towards a pragmatic approach to promote development through innovation and entrepreneurship. It endeavors to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design. The main objective of this initiative is to enable the job seekers to be job creators leading to employment generation and wealth creation.

Benefits

In order to reduce the regulatory burden on Startups and allow them to focus on their core business, the Startup India plan provides certain relaxation in the compliance regime. It provides financial and legal support including fast-tracking Intellectual Property examination at reduced costs and tax exemption for 3 years to nurture the development of a Startup.

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