Submitted to submitted by

Dr. Jaydip Chaudhari Bipen Pandita 52

Rahul Pandita 53
Akhil Panicker 54
CONTENT:
Introduction
Launch
Objectives
Key points of Startup India
Eligibility Criteria
Problems faced by Startup India
Current scenario
 INTRODUCTION:
Startup India is a Revolution Scheme that has been
started help the people , who want to start their own
business. These people have ideas and capability so
government will give them support to make sure
they can implement their idea and grow.

The campaign was announced by Prime Minister

Narendra Modi in his 15 August 2015 address from
the Red Fort. Success of this scheme will eventually
make India, a better economy and a strong nation.
 LAUNCH
The event was inaugurated on 16th January 2016 by
the finance minister Arun Jaitley.
 Among the attendees were around 40 top CEO’s and
startup founders and investors from silicon valley as
special guests including Masayoshi Son, CEO of Soft
Bank, Kunal Bahl founder, Snaa, Travis Kalanick,
founder of Uber, Adam Nuemann, CEO of WeWork,
Sachin Bansal, founder of Flipkart and others.
OBJECTIVES
Attracting more innovation and entrepreneurs
Job creation
Boost to Make in India initiative and foreign
exchange earnings in the long run
Simplification and hand-holding
Funding support and incentive
 KEY POINTS OF STARTUP INDIA
Single window clearance even with the help of a mobile
application
80% reduction in patent registration fee
Modified and more friendly Bankruptcy code to ensure
90-day exit window
Freedom from mystifying inspections for 3 years
Freedom from capital gain Tax for 3 years
Freedom from Tax in profits for 3 years
Eliminating red tape
Self-certification compliance
Innovation hub under Atal Innovation mission
Starting with 5 lakh schools to target 10 lakh children
for innovation programme
ELIGIBILITY CRITERIA
 GOVERNMENT’S ROLE
The Ministry of Human Resource Development and
the Department of Science and Technology have
agreed to partner in an initiative to set up over 75
such startup support hubs in the National Institutes
of Technology (NITs), the Indian Institutes of
Information Technology (IIITs), the Indian Institutes of
Science Education and Research (IISERs) and National
Institutes of Pharmaceutical Education and Research
INVESTMENTS
Soft Bank, which is headquartered in Japan, has invested
US$2 billion into Indian startups. The Japanese firm has
pledged to investment US$10 billion.
Google declared to launch a startup, based on the
highest votes in which the top three startups will be
allowed to join the next Google Launch pad Week, and
the final winner could win an amount of US$100,000 in
Google cloud credits.
Oracle on 12 February 2016 announced that it will
establish nine incubation centers in Bengaluru, Chennai,
Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum
and Vijayawada.
 PROBLEMS FACED BY STARTUPS
Planning
Execution
Customer Acquisition and Retention
Fundraising
Human Resources
Startups do not earn profits in the first few years of their
operations. So income tax exemption in the first few years is not
attracting a lot of startups in the development phase.

The fund created by the government is not helpful either, as the

same can provide support only when other investors and VCs are
investing in the company. Investment is market-driven, and hence,
the usefulness of the fund created by the government is yet to be
seen as the funds have not been withdrawn and used till date.

Minimum Alternate Tax (MAT) at the rate of approximately 18.5

percent shall anyway be imposed.
 CURRENT SCENARIO
India is in the third position just behind US and UK with 20,000
start-ups and 5200+ technology led start-ups which are poised
to reach 10,500 by 2020 as reported by Start-up India and
Nasscom.

7 million college graduates per year and 55% of the youth

prefer working in start-ups over corporates.

Median age of founders is 31 years. While metro cities like

Bengaluru, Delhi, and Mumbai continue to be the start up hubs
with 66% of overall start-up base, tier-II cities too have not been
far behind due to availability of talent, government initiatives,
local investor confidence and infrastructure support.