Connecting Businesses with Opportunities in India
Connecting Businesses with Opportunities in India

Startup India Action Plan by India's PM Mr. Narendra Modi

Submitted by Sandeep Bhosle on Tue, 01/19/2016 - 5:53am.

 

India's Prime Minister Mr. Narendra Modi launched startup India Action Plan on 16th January 2016.

The following are the keypoints of the startup India action plan for growth of startups in India.

  1. Compliance Regime based on Self-certification
  2. Startup India Hub – A single point of contact for the entire startup ecosystem
  3. Rolling out of a Mobile App & Portal – Starting a Startup in 24 hours on a Mobile App
  4. Fast track mechanism of Startup patent applications
  5. Relaxed Norms of Public Procurement for Startups
  6. Faster Exit for Startups
  7. Rs 10,000 crore Fund of Funds for funding support
  8. Credit Guarantee Fund for Startups
  9. Tax Exemption on Capital Gains
  10. Tax Exemption to Startups for 3 Years (for startups registering after April 1, 2016)
  11. Tax Exemption on Investment above Fair Market Value
  12. Organising Startup Fests for Showcasing Innovation and Providing a Collaboration Platform
  13. Launch of Atal Innovation Mission (AIM) with Self-Employment and Talent Utilisation (SETU) Program
  14. Harnessing Private Sector Expertise for Incubator Setup
  15. Building Innovation Centres at National Institutes
  16. Setting up of 7 New Research Parks Modeled on the Research Park Setup at IIT Madras
  17. Promoting Startups in the Biotechnology Sector
  18. Launching Innovation Focused Programs for Students
  19. Annual Incubator Grand Challenge

  

Comments

partner

is this govt organization.

     
Business Partnership Offer In Startup IT Company for 6 Lacs

Hi, I'm StarPankaj and I've started a Software & Portal based business in Delhi. I already have a ready office, website near completion and one ERP (School Automation Software) ready with me. Few more ERPs and several portals are in development pipeline that can soon be launched. I need some IT/Tech Sales professional to get associated with me either on profit sharing basis or as a business partner, who is capable to handle & promote Marketing & Sales of ERP & Portal Business (online as well as offline, locally/globally). I've already invested a lot in setting up the business and the Business Partner (not in case of Associate) is only supposed to invest Rs. 6.0 Lacs, on the basis of which 20% ownership share of the company will be offered to him. Deserving professionals looking for this type of opportunity or association can approach starpankaj@gmail.com. Thanks !-------------------->(Products): Business Management Software- School & Hospital ERP, CRMS, HRMS and many more. (Services): IT Infra Consultancy, Windchill PSM Services. (Ecom Portals): Several highly profitable E-commerce portals in pipeline and soon to be launched.

     
Start Up Policy
TEN  MILLION  START- UPS  IN  ONE  YEAR  ?
Thank you , Narendrabhai , for the Start Up Action Plan announced last evening
I am glad that some of my suggestions ( sent to Ministers / Secretaries ) over the past 2 years , have been incorporated in the  ACTION PLAN , in respect of :
  • Self Certification
  • Simplified Registration thru Mobile App
  • Tax Exemption for Capital Gains
  • Entrepreneurship Program for 10 lakh students
  • No Corporate Income Tax for 3 years

You will find my detailed suggestions covering these points in following blogs at, www.hemenparekh.in

     

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