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07 October

What is Startup India Initiative?

Posted By : Nishant Arora, CEO Setup Services India

10 Vote 47


The Startup India Initiative, launched on 16th January 2016, has come out several programs having objective to support entrepreneurs in building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers.
These programs are managed by a dedicated Startup India Team, which reports to the Department for Industrial Policy and Promotion (DPIIT).

Key support areas that are being targeted by the Government of India while drafting schemes of resolution for Startups:


  • Simplification and Handholding

Easier compliance, easier exit process for failed startups, legal support, fast tracking of patent applications and a website to reduce information asymmetry.

  • Funding & Incentives

Exemptions on Income Tax and Capital Gains Tax for eligible startups; a fund of funds to infuse more capital into the startup ecosystem and a credit guarantee scheme.

  • Incubation & Industry-Academia Partnerships

Creation of numerous incubators and innovation labs, events, competitions and grants.

Comments for
What is Startup India Initiative?

  • Employee 27 Jul, 2020

      How can get registered for the Startup India benefit scheme in India?

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What is Startup India Initiative?