PRESENTED BY : MOHAMMED SUBHAN

EN. NO. GH-1394, ROLL NO. 15ECM31

DEPARTMENT OF ECONOMICS

AMU ALIGARH

STARTUPINDIASTAND UP INDIA

• Introduction

• Vision of Start-up India:

• Objective s

• Eligibility Criteria

• PM Modi Launches Action Plan for Startup India

• 19 Points Action Plan

• How it will benefit India?

• Impact of Start-up India on Indian Economy

• Conclusion

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. The campaign was first announced by Prime Minister Narendra Modi in his 15 August, address from the Red Fort It is focused on to restrict role of States in policy domain and to get rid of "license raj" and obstacle like in land permissions, foreign investment proposal, environmental clearances. It was organized by Department of Industrial Policy and Promotion. A startup is an entity that is headquartered in India which was opened less than five years ago and have an annual turnover less than ₹25 crore (US$3.7 million) The government has already launched PMMY, the MUDRA Bank

Make India start-up capital of the world

Providing ease of access to funding from banks by easing the tax

rules or providing concessions to the start-ups

Ease of getting licenses, land and others

Clearance of regulatory hurdles in a speedy manner

Encouraging innovation

Create pool of young entrepreneurs

Making India a growth engine

Startup

Ideas

Planning

Teamwork

Investment

Trends

Resources

Strategy

Product

• To boost up / promote Start Up / Entrepreneurship

• To boost up Banking Sector / Finance

• To Limit State Policy Dependency for New Businesses

• To Eliminate License Raaj which hinders the growth of Entrepreneurs –

Like, Land Permissions – Foreign Investment Proposals – Environmental

Clearance

• To promote ST/SC – Women Entrepreneurships

• Core objective is to generate Maximum Employment

• Private Limited Company under the Companies Act, 2013

• Registered Partnership firm under the Indian Partnership Act, 1932

• Limited Liability Partnership under the Limited Liability Partnership Act, 2008.

• Five years must not have elapsed from the date of incorporation/registration.

• Annual turnover (as defined in the Companies Act, 2013) in any preceding F.Y. must not

exceed Rs.25 crore.

• Age should not be more than five years

• new products, processes or services driven by technology or intellectual property.

• The Startup must aim to develop and commercialise:

Must be a Private Limited Company

Age should not beMore than 5 years

Turnover should notExceed 25 crores

Should develop anInnovative product

Get an approval from DIPP that your company is innovative

RecommendationLetter by incubator inPost graduate india

college

RecommendationLetter by incubator in

Funded by GOI

RecommendationLetter by incubatorRecognized by GOI

Has patent grantedBy india patent and

Trademark officeRelated to business

If you meet conditions A,B,C,D,E and anyone of F series then you are a startup

A

B C D

F1 F2 F3 F4

E

Prime Minister Narendra Modi with Finance Minister Arun Jaitley and Commerce and

Industry Minister Nirmala Sitharaman launching the “Startup India” action plan at Vigyan

Bhawan in New Delhi on Saturday (16 JAN 2016).

1. No Income Tax for three years

Start-ups would not pay Income Tax for three years. This policy would

revolutionise the pace with which start-ups would grow in the future.

2. Tax exemption for investments of higher value

In case of an investment of higher value than the market price, it will be

exempt from paying tax

3. No Capital Gains Tax

At present, investments by venture capital funds are exempt from the Capital

Gains Tax. The same policy is being implemented on primary-level

investments in start-ups.

5. Rs 10,000 crore fund

The government will develop a fund with an initial corpus of Rs 2,500 crore

and a total corpus of Rs 10,000 crore over four years, to support upcoming

start-up enterprises

6. National Credit Guarantee Trust Company

A National Credit Guarantee Trust Company (NCGTC) is being conceptualised

with a budget of Rs 500 crore per year for the next four years to support the

flow of funds to start-ups.

Cont.

4.Faster exit

If a start-up fails, the government will also assist the entrepreneurs to find

suitable solutions for their problems. If they fail again, the government will

provide an easy way out.

7. Self certification

The start-ups will adopt self-certification to reduce the regulatory liabilities. The

self-certification will apply to laws including payment of gratuity, labour

contract, provident fund management, water and air pollution acts.

8. Start-up India hub

An all-India hub will be created as a single contact point for start-up

foundations in India, which will help the entrepreneurs to exchange knowledge

and access financial aid.

9. Register through app

An online portal, in the shape of a mobile application, will be launched to help

start-up founders to easily register. The app is scheduled to be launched on 1

April.

Cont.

10. Building entrepreneurs

Innovation-related study plans for students in over 5 lakh schools. Besides,

there will also be an annual incubator grand challenge to develop world class

incubators.

11.Atal Innovation Mission

The Atal Innovation Mission will be launched to boost innovation and

encourage talented youths.

12.Setting up incubators

A private-public partnership model is being considered for 35 new incubators

and 31 innovation centres at national institutes.

Cont.

13. Research parks

The government plans to set up seven new research parks, including six in the

Indian Institute of Technology campuses and one in the Indian Institute of

Science campus, with an investment of Rs 100 crore each.

14. Entrepreneurship in biotechnology

The government will further establish five new biotech clusters, 50 new bio

incubators, 150 technology transfer offices and 20 bio-connect offices in the

country.

15. Dedicated programmes in schools

The government will introduce innovation-related programems for students in

over 5 lakh schools.

Cont.

16. Legal support

A panel of facilitators will provide legal support and assistance in submitting

patent applications and other official documents.

17. Rebate

A rebate amount of 80 percent of the total value will be provided to the

entrepreneurs on filing patent applications.

18. Easy rules

Norms of public procurement and rules of trading have been simplified for

the start-ups.

Cont.

19. Patent protection

A fast-track system for patent examination at lower costs is being

conceptualized by the central government.

1

• Increase employment. More and more jobs in every industry such as IT, manufacturing and other sectors.

2• Increase funding from foreign investors

3• All these will add fuel to the Indian economy due to the

increased investments which currently is hampering the growth and restricting the employment opportunities.

Creation of Job

Increase Export

Increase production will lower the price of goods and services

It will increase multiplier effect

Marginal Propensity To Consume (MPC) will go up

Boost GDP

So, start up India and Stand up India is scheme with new body with

previously prevailing spirit under the care and nourish of our PM now.

Which helped in getting required attention from the potential benefits

seeker i.e new entrepreneurs producing unique non-existing product and

services which may also add value to available products and services.

Majorly this scheme focus on R&D and manufacturing of product etc. So,

one must acquire all information about criteria before seeking the aid.

Pioneer education institution are power house with youth blood in making

the success of the scheme and economical advance India in future making

it profitable center for new innovation and thinking.

“India launching a startup is like Abhimanyu entering in to Chakravyuha’’---Mohd Subhan