Startup India
Recognition, tax benefits and funding support for new businesses
Startup India was launched on 16 January 2016 to build a support system for new businesses. A startup recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) can get benefits such as an income-tax holiday for three years out of its first ten, easier compliance, fast-track patent filing and access to the Fund of Funds for Startups. An entity incorporated as a private limited company, LLP or partnership, under 10 years old, with turnover below Rs 100 crore and working on innovation, can apply. Register and apply free on the Startup India portal.
Rules, amounts and dates can change. Confirm the details on the official portal or at your taluk office before you apply.
Key facts (useful for exams)
| Department | Central government schemes |
|---|---|
| Started | 2016 |
| Group | Jobs, skills and business |
Check official sources
Eligibility, amounts and how to apply change often. Confirm on the official portals or at your taluk office.
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