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A startup is a small business managed by a few people with the objective to solve a problem. Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his 15 August 2015 address from the Red Fort, in New Delhi and launched in January 2016.
Under the Startup India initiative, eligible companies can get recognized as startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast tracking and more. Startup India Hub is a one-stop platform for all stakeholders in the Startup ecosystem to interact amongst each other, exchange knowledge and form successful partnerships in a highly dynamic environment.
A Startup defined as an entity that is headquartered in India, which was opened less than 10 years ago, and has an annual turnover less than ₹100 crores. Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 10 lakh (1 million) mobile app start-ups, and the MUDRA Bank's scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds.
The action plan of start-up initiative is focusing on three areas:
Simplification and Handholding.
Funding Support and Incentives.
Industry-Academia Partnership and Incubation.
Types of Registration of A Start Up:-
ASK commercial Solutions provide help you to register under the startup recognition with DPIIT G2B Portal (Department for Promotion of Industry and Internal Trade).
MSME/ SSI/ UAM/ UDYAM:
Government has started various schemes, incentives and benefits in terms of taxation, setting up the business, credit facilities, loans etc. to promote small scale industries and to avail such incentives MSME registration is mandatory.
NSIC registers Micro & small Enterprises (MSEs) under Single Point Registration scheme (SPRS) for participation in Government Purchases. NSIC operates through countrywide network of offices and Technical Centres in the Country. In addition, NSIC has set up Training cum Incubation Centre managed by professional manpower.
GeM is a short form of one stop Government e-Market Place hosted by DGS&D where common user goods and services can be procured. GeM eliminates human interface in vendor registration, order placement and payment processing, to a great extent. Being an open platform, GeM offers no entry barriers to bonafide suppliers who wish to do business with the Government. Seamless processes and online time-bound payment, which is also mandated by the Department of Expenditure, has given confidence to the vendors and reduced their 'administrative' cost involved in pursuing officers for timely payment.
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