“Startup India, Standup India” Guidelines for Entrepreneurship

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” â€˜Startup India, Stand-up Indiaâ€™

â€œCan India be a â€˜Startup Capitalâ€™? Can the youth in the states have the opportunities in the form of startups, with innovations, whether it be manufacturing, service sector or agriculture?Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ———- Narendra Modi, Prime Minister of India

On January 16, Prime Minister Narendra Modi unveiled a 19-point action plan for start-up enterprises in India. Highlighting the importance of the Stand Up India Scheme, Honâ€™ble Prime minister said that the job seeker has to become a job creator. Prime Minsiter Narendra Modi announced that the initiative envisages loans to at least two aspiring entrepreneurs from the Scheduled Castes, Scheduled Tribes, and Women categories. It was also announced that the loan shall be in the ten lakh to one crore rupee range.

A startup India hub will be created as a single point of contact for the entire startup ecosystem to enable knowledge exchange and access to funding. Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start ups with jobs creation.

Why Startup India?

To Boost up/ promote Startup/ Entrepreneurship
To Boost up Banking Sector/ Finance
To Limit State Policy Dependency for New Businesses
To promote ST/SC â€“ Women Entrepreneurship
Core objective is to generate maximum Employment

What is Startup India offering to the Entrepreneurs?

PM Modi announced that â€œThere will be no income tax on startupsâ€™ profits for three yearsâ€
PM plans to reduce the involvement of state government in the start ups so that entrepreneurs can enjoy freedom.
No tax would be charged on any start up up to three years from the day of itâ€™s establishment once it has been approved by Incubator.

Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem for nurturing innovation and Startups in the country. This will drive sustainable economic growth and generate large scale employment opportunities. The Government, through this initiative aims to empower Startups to grow through innovation and design.

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can provideÂ Startup Books for Entrepreneurs

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â See more: http://goo.gl/Xt7xdm

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