Government has launched the Startup India Initiative with the objective
of building strong eco-system for nurturing innovation and startups in the
country.
The incentives available to Startups under Startup
India initiative are given below:
- Self-Certification under 6 Labour Laws & 3
Environmental Laws.
- Relaxation in Public Procurement Norms.
- Faster exit under the Bankruptcy Code.
- Rebates on Patent & Trademark filing fees,
support from facilitators and to expedite examination of Patent
application.
- Income Tax exemption.
- Exemption from Income Tax on investments
received above fair market value.
- Funding support under the Fund of Funds for
Startups.
- Guidance and facilitation support from Startup
India Hub.
Government has notified
Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012
under MSMED Act, 2006. The policy mandates 25% annual procurement from MSEs by
Central Ministries/Departments/Public Sector Enterprises (CPSEs). Out of 25%
target of annual procurement from MSEs, 4% is earmarked for procurement from
MSEs owned by SC/ST entrepreneurs and 3% from MSEs owned by Women
Entrepreneurs. In order to monitor effective implementation of this
Policy, Ministry of MSME has launched a Portal, namely, MSME “SAMBANDH”
Sir I will started business so plz guide me
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