Startup India action plan – Full Document

StartUp India

Prime Minister Narendra Modi launches action plan for Startup India. Here are the key points

  • Reduction in compliance
  • No inspection for the first three years.
  • Launch of Startup India Hub. A single point of contact.
  • A mobile app to register a company in single day through MCI(Ministry of corporate affairs)
  • Simplifying patent filing from months to days.
  • Protecting IP(intellectual property) and YP(Youth prperty)
  • Rebate of 80% on patent filing charges
  • Easier ways to shutdown a startup.
  • We are bringing a bill in Parliament to let startups can exit 90 days.
  • Rs. 10,000 crore corpus fund for startups through SIDBI and with annual investment milestone of 2000cr
  • A credit guarantee fund for startups to facilitate loans through banks
  • Tax exemption on capital gains for investors
  • Three-year tax exemption for startups registered after april 1st 2016
  • encouraging women to build startups.
  • Atal Innovation Mission to give an impetus to innovation and encourage the talent among our people.
  • A startup fest will be organised to network and encourage startups.


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