‘Start-up India, Stand-up India’

Date: January 18, 2016

tax free credit gurantee

Prime Minister  has unveiled the ‘Start-up India, Stand-up India’ action plan in New Delhi to promote new ventures in the country. The major objective of this plan is to give impetus to innovation and encourage the talent among young people and remove onerous government regulations and red tape. 


Important points of ‘Start-up India, Stand-up India’-

The Profits to be tax-free for 3 years and also no labour inspections for 3 years of launch of the venture.

Compliance regime based on self-certification for labour and environmental laws.

Easy exit policy for start-ups with 90 days. +

Tax exemption to be provided on capital gains if money is invested in another start up.

Government to create Rs. 10,000 crore corpus fund for development and growth of innovation driven enterprises.

It will be Rs. 2500 crore a year for four years Liberalised Fast-track mechanism for start-up patent applications under intellectual property rights protection with 80% cost rebate.

Mobile apps, portal for register start-ups in a day from 1st April 2016

Establishing Credit guarantee fund and special scheme for women entrepreneurs.

Sector specific incubators 500 tinkering labs, per-incubation and seed funds under the Atal Innovation mission Public-private partnership (PPP) model for 35 new incubators, 7 new research parks, 31 innovation centres at national institutes and 5 new Bio clusters will be set up to help Biotech Sector.

Government to start Atal Innovation Mission to give an impetus to innovation and encouraging talent among young people by instituting national awards.