Startup India                                                                                   

is a flagship initiative of the Government of India, intended to build a

strong eco-system for nurturing innovation and Startups in the country that will drive sustainable

economic growth and generate large scale employment opportunities. The Govern

ment through

this initiative aims to empower Startups to grow through innovation and design.

In order to meet the objectives of the initiative, Government of India is announcing this Action Plan

that addresses all aspects of the Startup ecosystem. With this Action Plan the Government

hopes to accelerate spreading of the Startup movement:

• From digital/ technology sector to a wide array of sectors including agriculture,

manufacturing, social sector, healthcare, education, etc.; and

• From existing tier 1 cities to tier 2 and tier 3 citites including semi-urban and rural areas.

The Action Plan is divided across the following areas:

• Simplification and Handholding

• Funding Support and Incentives

• Industry-Academia Partnership and Incubation

The definition of a Startup (only for the purpose of Government scheme

s) has been detailed in

Annexure I.

Startup India                                                                                                                                                                       Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start ups with jobs creation. The campaign was first announced by Prime Minister Narendra Modi in his 15 August 2015 address from the Red Fort. It is focused on to restrict role of States in policy domain and to get rid of "license raj" and hindrances like in land permissions, foreign investment proposal, environmental clearances. It was organized by Department of Industrial Policy and Promotion (DIPP) A startup is an entity that is headquartered in India which was opened less than seven years ago and has an annual turnover less than ₹25 crore The government has already launched iMADE, an app development platform aimed at producing 1,000,000 apps and PMMY, the MUDRA Bank, a new institution set up for development and refinancing activities relating to micro units with a refinance Fund of ₹200 billion                                                                                                                                                                             the Standup India initiative is also aimed at promoting entrepreneurship among SCs/STs, women communities. Rural India's version of Startup India was named the Deen Dayal Upadhyay Swaniyojan Yojana.To endorse the campaign, the first magazine for start ups in India, The Cofounder, was launched in 201

Key points                                                                                             

• Single Window Clearance even with the help of a mobile application
• 10,000 crore fund of funds
• reduction in patent registration fee
• Modified and more friendly Bankruptcy Code to ensure 90-day exit window
• Freedom from mystifying inspections for 3 years
• Freedom from Capital Gain Tax for 3 years
• Freedom from tax in profits for 3 years
• Self-certification compliance
• Innovation hub under Atal Innovation Mission
• Starting with 5 lakh schools to target 10 lakh children for innovation programme
• new schemes to provide IPR protection to start-ups and new firms
• encourage entrepreneurship.
• Stand India across the world as a start-up hub.  

 See also                                                                                         

• Standup India
• Make in India
• Digital India
• Skill India
• Electronics and semiconductor manufacturing industry in India