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Eligibility to apply for 3 years Income Tax exemption: Eligible Startups can be exempted from paying income tax for 3 consecutive financial years out of their first ten years since incorporation.
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Financial Benefits Fast tracking of Startup Patent application, Upfront 50% discount on Trademark fees, 80% Rebate on Patent filing fees.
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Registration Benefits Startup registration in India is still extremely complex, with incorporation and registration being considered more difficult than the actual running of a business due to the arduousness of the requirements. Under the scheme, the Startup India Hub, a portal to create networking opportunities and assistance for startups, has been created with a problem-solving window being provided by the government under the scheme.in the womb of the mother will have equal rights.
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Eligibility to avail funding from Rs. 10,000 crore FOF scheme: Under Funds of Funds for Startups Scheme already more than Rs. 1600 crore is invested in 251 Startups. You may be one of the Startups for the remaining Rs. 8,400 crore corpus
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Priority Govt. Tender and Procurement Scheme: Exemption from prior experience or turnover and Security deposit for filing tenders. Opportunity to list Startup products on Government e-marketplace for market visibility.
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Faster Exit Benefits: The government has initiated provisions making winding down operations easier by appointing an insolvency professional to fast-track the closure of operations and facilitate the sale of goods as well as paying creditors, all while recognizing limited liability. Startups with a simple debt structure or those meeting the criteria outlined under this scheme will be able to achieve a complete exit within 90 days.
