Start-up India scheme is a program encouraged by the government and authorized by the Department for Industrial Policy and Promotion (DPIIT) with a motive for reshaping and enhancing growth for Young entrepreneurs. An innovative approach towards gaining employment generation, Finance Management, and corporate infrastructure to transform the system. It encourages manufacturing, trade, and services to go vocal for locals in implementing Make in India. The Government of India is making sincere efforts to promote start-ups as India becomes the start-up capital of the world. The Start-up scheme intends to accelerate the ease of initiating business proposals in India to create an exponential network of support for budding ventures. As per the Start-up India Action Plan, 1,60,000 new start-ups will get developed in India. Under this policy, the Union Cabinet has approved the funding of Rs 10,000 crore for promoting innovation throughout the funding process.
Incorporate your business as Private Limited/LLP or Registered Partnership Firm.
Register with Startup India & Upload Documents (Incorporation Certificate/ MOA/ Authorization Letter) in pdf format.
Describe your business that in what way it is a startup and how it is solving the problem of Indian economy or generate employment.
If Tax Exemption under 80IAC is required, prepare pitch desk and video link regarding your business model and submit separate application after DPIIT startup Registration.
Start-ups registered under this scheme can avail of tax exemption for 3 consecutive years before completing 10 years from their incorporation date. Only Private Limited Companies or Limited Partnership and incorporated after 1st April 2016 can avail of this benefit.
A Recognition managed by the industrial policy department and promotion can receive tax exemption on investments/Funds not exceeding 25 crores but with certain conditions on asset investment.
Once your brand name is available for the trademark, we move forward to document preparation as the next step for trademark registration. Before submitting the trademark application with authority, we will ask you to review and provide your feedback.
On complying with some of the labour laws and environmental laws, start-ups would self-certify their working procedures and regulations through simple online procedures. It will require no additional inspection and procedures for 5 years but, only start-ups within 5 years of their incorporation can avail of this benefit.
Start-up owners can apply for government tenders without any experience or turnover that is a minimum requirement for companies and also exempted from submitting Earnest Money Deposit or Bid security. Start-ups can easily wind up their operations and FastTrack their insolvency proceedings if they have a simple debt structure that will allow entrepreneurs to experiment with new ideas..
Start-up owners can apply for government tenders without any experience or turnover that is a minimum requirement for companies and also exempted from submitting Earnest Money Deposit or Bid security. Start-ups can easily wind up their operations and FastTrack their insolvency proceedings if they have a simple debt structure that will allow entrepreneurs to experiment with new ideas..
Start-ups registered under this scheme will be allowed to meet multiple investors, speakers, etc on national level government-organised fests and summits. Also, start-ups recognized under this scheme would sell directly to government companies on their e-marketplaces.
Start-ups can raise funds from 10000 crores set aside by the Government for this scheme. The small industries development bank will help in providing these funds..
Data is new fuel which make it most important asset for the business house. Strict policy within our organisation is to ensure no compromise on data confidentiality and data is not shared with the third party. Your information is safe with us.
Our team consists of CA's, Lawyers, CS, IIM, graduate, Actuaries and other supporting staff to make sure you get best services. With 10+ years of experience, our experts uses flexible and customized solutions to provide hassle-free services to any industries.
Touch Millions has ISO 9001:2015 certifcation in place. We continuously improve our existing process and try to find new ways for doing the same tasks. We are committed to reduce the time taken to process any task and give unquie experience to our customers.
Registration under this scheme is completely free from any charges, an applicant needs to be aware of the proceedings and related documentation. Contact us Now.
There is no specific time, Officials will check an application thoroughly, and only if it achieves all the respective criteria, an applicant will receive a certificate of recognition. Generally it took 10-15 business days.
An Applicant needs to get a certificate from DIPP and register on the Start-up India website, only a start-up with a recognition certificate from DIPP can avail benefits of the start-up India scheme
You only need to fill a form on our website at www.touchmillions.com and further processes and steps will be communicated to you by our experts.
New start-ups can immediately apply under this scheme once they have the required documents. Only start-ups registered for more than 10 years cannot apply.
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