Rudimentary things about Startup india programme

1. Startup India Programe
Mohit Chauhan
9802309547

2. Announced on 15th Aug. 2015
motto – Creating Creators

3. Why ???
• 130th rank in ease of doing business.(world bank)
• License raj
• Complex tax structure
• Home to maximum number of youth.
• Need of growth.

4. What is a startup???
it is an entity which is
• Headquartered in India.
• Opened less than 5 yr. ago.
• Annual turnover less than 25cr.

5. Reforms …
• 10,000 cr. Funds of fund:
corpus over 5 years,
managed by private
professionals of top
industries, LIC is co-invester
• Innovation hub: 75 startup
support hubs in NITs, IIITs,
IISERs, 7 new research parks
in IITs and IISc with the help
of ministry of human
resource development and
department of science and
technology.

6. Potential
• World’s youngest startup nation.
• Kerala based startup village aims to launch 1000
startups over next 10 years.
also started online learning platform for first time
founders.

7. But devil lies in details
• Govt. body to decide whether any enterprise is startup or
not. Inter ministerial body led by DIPP( department of
industrial policy and promotion) to validate startups.
• Eligibility criteria to get benefits :-
 be supported by an incubator established in a PG college in
India.
 supported by incubator recognized or funded by GoI.
 Be funded by GoI for promotion of any innovation.
 Have a patent registered with Indian patent and trademark
office.