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ARTICLE · 02 FEBRUARY 2021

The Startup India Scheme: A Primer

Startup India a flagship initiative announced by the Government of India on 15th August 2015.

IndiaCorporate/Commercial Law

What is the Startup India scheme?

Startup India a flagship initiative announced by the Government of India on 15th August 2015.

This initiative was launched to build an ecosystem for assisting in the growth of start-up businesses, to enable sustainable economic growth, coupled with greater large-scale employment opportunities.
This initiative also aims to enable start-ups to flourish by way of innovation and design.

Who is eligible to apply under the Startup India scheme?

An entity is eligible to apply when:

  • It is incorporated as a private limited company / partnership firm / limited liability partnership in India
  • It has less than 10 years of history i.e. <10 years have elapsed from the date of its incorporation/registration

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