India has been recognized jointly of the highest start-up hubs within the world. particularly below the leadership of Narendra Modi there square measure many initiatives taken from the year 2016 to revolutionize the start-up businesses.
Start-up India Initiative is one such program taken by Prime Minister Narendra Modi that has benefited entrepreneurs across the country. This initiative was chiefly go for support the economic process and build higher and a lot of range of employment opportunities.
Let us examine the Facts and Figures of the Start-up India Initiative from 2016 until date:
NUMBER of recent begin UPS REVOLUTIONIZED
- 16, 578 new start-ups recognized through 499 districts
- 47% of start-ups started from Tier a pair of and Tier three cities
- A total of one,66,385 recent jobs Created by recognized start-ups.
REGULATION INITIATIVES TAKEN FOR sleek FUNCTIONIG OF BUSINESS
- Exemption from taxation Act of Section fifty six for investment raised by start-ups upto Rs.25 Cr
- Exemption from taxation Act for investments raised by such as corporations with no limits
- 22 regulative reforms enforced for simple conducting business
- Self certification regime for six Labour Laws and three Environmental Laws.
FUNDING AID TO START-UPS
- 66,000 metallic element funding for start-ups with a corpus of Rs.10,000 metallic element to support eight,000 corporations
- 2151 metallic element committed to thirty-nine speculator funds WHO have raised Rs.10,440 Cr
- 1819 metallic element endowed by speculator in 255 corporations, making twenty nine,895 employment opportunities.
INTELLECTUAL PROPERTY help
- 1031 Patent and Trademark facilitators to supply free support to start-ups
- Rebate of eightieth granted to 1403 start-ups for Patent filing fees
- 50% rebate granted to 2672 start-ups for Trademark filing fees
CONSTITUTING INNOVATIVE INFRASTRUCTURE
- 260 metallic element spent in establishing 2171 Atal Tinkering Labs in faculties across 623 districts
- 7 analysis Labs established with associate quantity of Rs. 665 Cr
- 77 new and existing incubators supported.
EASE OF NORMS PAVING for brand new AVENUES TO START-UPS
- For Government tenders the standards for previous expertise, minimum turnover and submission of cash deposit is waived off.
STATE START-UP REVOLUTION
- State Start-up ranking launched to boost a healthy competitive spirit
- Participation of thirty States and Union Territories
- Seed funding aid to 3213 start-ups
- 21 States have launched start-up policies
- Start-up India Yatra conducted in twenty one States to market entrepreneurship in rural and non railway system areas
- Mentorship support to seventy six,146 entrepreneurs across 195 districts
- 1314 start-ups offered free incubation.
START-UP India HUB-A TOTAL DESTINATION FOR START-UP CULTURE
- Having a community of three hundred thousand users and 599 investors, incubators and mentors
- 2,37,902 users have availed free Start-up India Learning Program to create business plans
- 647 start-ups supported through dedicated facilitation services
- 1262 start-ups connected to mentors.
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