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Quick peek at measures announced in Startup India

Quick peek at measures announced in Startup India

16 Jan 2016

Prime Minister Narendra Modi on Saturday announced the much-anticipated 'Startup India, Standup India' action plan in a bid to boost the country's entrepreneurial ecosystem.

Here are key highlights:

No income tax for startups in first three years of operation.

Eighty per cent rebate on filing a patent application

Exit policy to be introduced for startups

Dedicated fund worth Rs 10,000 crore for early stage firms

Credit guarantee scheme for loans

Existing incubation centres will be strengthened

Sector-specific incubators to be brought in

Self-certification compliance for startups

Formation of Startup Hub as a single point of mentoring and providing information for fledgling firms

A system of hand-holding for startups to be built

Startup registration will happen in one day through a mobile app that will have an application form that can be filled

A scheme to make filing patents simpler

Startup Fest will be started

Narendra Modi

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Quick peek at measures announced in Startup India

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