STARTUP RECOGNITION PROGRAMME BY GOVERNMENT

As Per the official Notification in the gazette of India, there is a announcement of startup scheme by government of india for Growth, Funding, tax Exemption and for making a healthy business environment for your startup so that you can focus on Core Business Activities.

So if you are searching for How your start up can get funding, than this can help.

Under the Startup Recognition programme, Eligible Startups can apply for Recognition of startups.

Eligibility of Startups is defined as below-

An entity shall be considered as a Startup:

Upto a period of ten years from the date of incorporation/ registration, if  

• it is incorporated as a private limited company    

• or registered as a partnership firm    

• a limited liability partnership in India.    

•  Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.    

•  Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

 Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’.

Benefits of Startup Recognition India scheme

1.Tax Holiday- If your Startup gets a Recognition by Government & 80 IAC Tax Exemption afterwords, you will get a Tax holiday of 3 Consecutive years. That means, you have 10 year startup Recognition. Now you can choose any 3 years of your choice in which you can enjoy 100% tax exemption.

2.Reduced patent & Trademark fee- After startup recognition, if you want to register your Brand or File a patent, you enjoys 50% rebate in trademark fee & 80% Rebate in patent application fee. Further there will be fast process of patent & trademark registration application which normally takes longer period of time.

3. Funding By Government for Startups- The government of India has set aside a corpus fund of Rs. 10,000 crore. This fund is managed by SIDBI and is intended to provide equity funding support for the development and growth of innovation driven enterprises.

The nature of such a corpus is fund of funds. This means that the government contributes towards the capital of SEBI registered funds. These funds further invest in startups.

4. Auto Certification in labour & environment law- Startups are allowed to auto certify their compliance under six labor laws and three environment laws which are mendatory for some business This is allowed for a period of five years from the date of incorporation of the entity.

5.Angel Tax exemption On Investment- In case a startup has inter – ministerial board certificate (Department of Industrial Policy and Promotion (DIPP) created the Inter-Ministerial Board to validate startups for the tax related benefits) and receives consideration from the issue of shares exceeding the face value of such shares then the consideration upto Rs. 10 crores received from such shares exceeding the fair market value of such shares is exempted from tax.

6. Relaxation in Government tenders etc- In order to meet quality and technical specifications all government of India departments, ministries and PSUs have been given authority to ease the norms with regards to public procurements. Thus, a startup can avail exemptions on:   

• earnest money deposit    
• prior turnover and    
• experience requirements in case of government tenders

Further, startups can now get listed as sellers on Indian Government’s largest e-Procurement portal that is Government– Marketplace (GeM)

Conclusion- so, have you know about this programme? Please tell me for sure and if you have   

• LLP    
• Partnership firm    
• Private limited Company

Than don’t wait and reach us at-8077361475 and get your start up recognized by government. These offers are unique in their own way you startup will get a lot of benefits. Don’t wait and apply for startup Recognition today. Official notification regarding this is here-https://www.startupindia.gov.in/content/dam/invest-india/Templates/public/198117.pdf