STARTUP ADVISORY GROUP

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Startup Registration and Recognition with DPIIT

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Consulting in availing Tax Benefits available to Startup (Sec 56 & Sec 80IAC)

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Startup Nurturing and assistance with Forward-Backward linkages

Register your startup

Eligibility Criteria for Startup Recognition?

  • The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership

  • Turnover should be less than INR 100 Crores in any of the previous financial years

  • An entity shall be considered as a startup up to 10 years from the date of its incorporation

  • The Startup should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth. An entity formed by splitting up or reconstruction of an existing business shall not be considered a "Startup".

BENEFITS OF STARTUP

Access to
Rs. 10,000

crore funds

of funds

Income Tax exemptions

for 3 years

Easy Winding

Up of the Company

Self

Certification

under 6 Labour Laws and 3

Environment

Laws

Easier Public

Procurement

Norms

Rebate on

Start-Up Patent

& IPR Application

fees

Tax

Exemptions

Under Section 56

of Income Tax

Act, 1961

GOVERNMENT SCHEMES FOR STARTUPS

  • Seed fund scheme

  • Samridhi Scheme

  • Venture capital scheme

  • Support for International Patent Protection in Electronics and Information Technology (SIP-EIT)

  • Revamped Scheme of Fund for Regeneration of Traditional Industries (SFURTI)

  • Biotechnology Ignition Grant (BIG)

  • SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises

  • Bridge loans against generation-based incentive (GBI) claims

  • Self-Employment Lending Schemes- Credit Line 2- term loan scheme 

  • Self-Employment Lending Schemes- Credit Line 1-Term Loan Scheme

  • Raw Material Assistance Scheme

  • Credit Facilitation Through Bank

  • Coir Udyami Yojana

  • Marketing Development Assistance

  • Marketing Development Assistance Scheme for Medical tourism/wellness tourism service providers

  • Assistance under Scheme for setting up Tea Boutiques in India for Domestic Promotion

  • Swarojgar Credit Card

  • Micro Exporters Policy (MEP)

  • ISO 9000/ISO 14001 Certification Reimbursement

  • Lean Manufacturing Competitiveness for MSMEs

  • Composite Loan

  • The Samridhi Fund

  • Credit Guarantee Fund Trust for Micro and Small Enterprises

  • Research & Development In Processed Food Sector

  • Creation / Expansion of Food Processing & Preservation Capacities

GOVERNMENT SCHEMES FOR STARTUPS

What is Start-up India Seed Fund Scheme?


DPIIT has created Start-up India Seed Fund Scheme (SISFS) with an outlay of INR 945 Crore to provide financial assistance to start-ups for Proof of Concept, prototype development, product trials, market entry, and commercialization. It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.

  • Outlay of INR 945 Crore to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry, and commercialization.

  • It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.

  • A grant of upto 5 crores would be provided to a selected incubator.

Objective of The Scheme

 

  • The main objective of the scheme is to promote the startups, generate employment and wealth creation.

  • Enable the startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.

  • Startup India Seed Fund Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.

Eligibility Criteria - Startups


DPIIT has created Start-up India Seed Fund Scheme (SISFS) with an outlay of INR 945 Crore to provide financial assistance to start-ups for Proof of Concept, prototype development, product trials, market entry, and commercialization. It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.

  • Have not received more than Rs.10 lakh of monetary support under any other Central or State Government scheme.

  • Must have a business idea to develop a product or a service.

  • Recognized by DPIIT, incorporated not more than 2 years ago at the time of application.

  • Shareholding by Indian promoters in the startup should be at least 51%.

  • Should be using technology in its core product or service.

Benefits Of The Scheme For Start-ups

 

  • Upto 20 lakhs of grant for validation, Proof of Concept and Prototype development.

  • Upto 50 lakhs as investment for market entry, commercialization, or scaling up.

  • Sector-agnostic.

  • Year-round 'Call for Applications and Incubators and Startups

  • Startups can apply to 3 Incubators simultaneously.

  • No mandatory physical Incubation.