{"id":4242,"date":"2018-06-13T13:13:52","date_gmt":"2018-06-13T07:43:52","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=4242"},"modified":"2021-11-23T22:50:13","modified_gmt":"2021-11-23T17:20:13","slug":"benefits-of-start-ups-under-the-startup-india-scheme","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/","title":{"rendered":"Advantage and know details  about Startup India scheme"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dc2f6555f73\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dc2f6555f73\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#What_is_Entrepreneurship\" title=\"What is Entrepreneurship?\">What is Entrepreneurship?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#Entrepreneur\" title=\"Entrepreneur\">Entrepreneur<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#Entrepreneurship\" title=\"Entrepreneurship\">Entrepreneurship<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#Advantage_of_Startup_India\" title=\"Advantage of Startup India\">Advantage of Startup India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#What_are_the_Characteristics_of_Entrepreneurship\" title=\"What are the Characteristics of Entrepreneurship?\">What are the Characteristics of Entrepreneurship?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#What_is_the_Startup_India_scheme\" title=\"What is the Startup India scheme?\">What is the Startup India scheme?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#Why_is_important_to_Entrepreneurship\" title=\"Why is important to Entrepreneurship?\">Why is important to Entrepreneurship?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#What_is_the_definition_of_%E2%80%9CStartup%E2%80%9D\" title=\"What is the definition of \u201cStartup\u201d?\">What is the definition of \u201cStartup\u201d?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#What_is_the_Eligibility_for_registering_under_the_India_Startup_Scheme\" title=\"What is the Eligibility for registering under the India Startup Scheme?\">What is the Eligibility for registering under the India Startup Scheme?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#What_are_the_Challenges_with_Startup_India_Entrepreneurship\" title=\"What are the Challenges with Startup India Entrepreneurship?\">What are the Challenges with Startup India Entrepreneurship?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/#Comparative_Structure_of_Business_startup_Enterprises\" title=\"Comparative Structure of Business startup Enterprises\u00a0\">Comparative Structure of Business startup Enterprises\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"mceTemp\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/start-up.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8712\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/start-up.jpg\" alt=\"www.carajput.com; Start Up\" width=\"814\" height=\"544\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/start-up.jpg 620w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/start-up-300x200.jpg 300w\" sizes=\"(max-width: 814px) 100vw, 814px\" \/><\/a><span style=\"color: #ffffff;\">www.carajput.com; Start-Up<\/span><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Entrepreneurship\"><\/span><span style=\"color: #000080;\"><strong>What is Entrepreneurship?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Entrepreneur\"><\/span><span style=\"color: #000080;\"><strong>Entrepreneur<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The entrepreneur is a person who establishes a new <a href=\"https:\/\/carajput.com\/blog\/tag\/public-limited-company\/\">company,<\/a> carries the risks, and benefits from the rewards. An entrepreneur is generally seen as an innovator, a source of innovative ideas, products, services, and business\/procedures.<\/p>\n<p>Entrepreneurs have a vital role to play in every economy, using the expertise and initiative needed to identify needs and come up with new ideas for the marketplace. Entrepreneurs who have proven to be successful in taking risks from <a href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/\">start-ups<\/a> are compensated with profits, fame, and continued growth opportunities. Those who lose, bear losses, and become less prevalent in the markets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Entrepreneurship\"><\/span><span style=\"color: #000080;\"><strong>Entrepreneurship<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A Entrepreneurship refers to the process of planning, establishing, and managing a growing business, which is mostly originally a small business, or as &#8220;ability and desire to develop, organize and manage the organization along with any of those risks to make a profit.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Advantage_of_Startup_India\"><\/span><span style=\"color: #000080;\">Advantage of Startup India<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Inkedstartup-india_1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-10336\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Inkedstartup-india_1-417x1024.jpg\" alt=\"\" width=\"839\" height=\"2061\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Inkedstartup-india_1-417x1024.jpg 417w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Inkedstartup-india_1-122x300.jpg 122w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Inkedstartup-india_1.jpg 589w\" sizes=\"(max-width: 839px) 100vw, 839px\" \/><\/a><\/p>\n<ul>\n<li>Huge Networking Opportunities<\/li>\n<li>Financial Benefits<\/li>\n<li>Government Tenders<\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/category\/income-tax\/\">Income Tax Benefits<\/a><\/li>\n<li>Registration Benefits<\/li>\n<\/ul>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Benefits-of-startup-India-Scheme.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-10341\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Benefits-of-startup-India-Scheme.png\" alt=\"\" width=\"699\" height=\"394\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Benefits-of-startup-India-Scheme.png 797w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Benefits-of-startup-India-Scheme-300x169.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/Benefits-of-startup-India-Scheme-768x434.png 768w\" sizes=\"(max-width: 699px) 100vw, 699px\" \/><\/a><\/p>\n<p><span style=\"color: #000080;\"><strong>You can registration of startup can be done only from below kind of companies<\/strong><\/span><\/p>\n<ol>\n<li>Private Limited Company<\/li>\n<li>Partnership Firm<\/li>\n<li>LLP &#8211; Firm<\/li>\n<\/ol>\n<h3><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/win-buniess_4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-10536\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/win-buniess_4.jpg\" alt=\"\" width=\"828\" height=\"717\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/win-buniess_4.jpg 538w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/win-buniess_4-300x260.jpg 300w\" sizes=\"(max-width: 828px) 100vw, 828px\" \/><\/a><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_Characteristics_of_Entrepreneurship\"><\/span><span style=\"color: #993366;\">What are the Characteristics of Entrepreneurship?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000080;\">1. Self\u2013Motivation: <\/span>Self-motivation is one of the most important qualities for entrepreneurs. If you wish to succeed, you have to be able to drive yourself. As an entrepreneur, you&#8217;re never accountable to someone else, and that also means it&#8217;s hard to get through without anyone making you. And if you don&#8217;t get immediate payment, you need to be committed to the strategy and keep moving forward.<\/p>\n<p><span style=\"color: #000080;\">2. Understand What You Offer: <\/span>As an entrepreneur, you have to identify what you&#8217;re selling and how it blends into the market. You need to recognize where you blend in, whether that&#8217;s a product or a service. That means you have to find the right time to change the game a little better. This also involves understanding whether you&#8217;re on the top end, in the middle of the road or in the compromise. Being able to place yourself and adapt as needed is an important part of entrepreneurship.<\/p>\n<p><span style=\"color: #000080;\">3. Take Chances:<\/span> Sometimes\u00a0it&#8217;s important to take risks to be successful entrepreneurs.\u00a0Playing it safely never really leads to growth as a company owner. It&#8217;s not just taking any risks, however. Recognizing the measured risks that are most likely to pay off is an important aspect of becoming an entrepreneur. You&#8217;re going to have to be able to take a few chances to succeed.<\/p>\n<p><span style=\"color: #000080;\">4. Networking:\u00a0<\/span>Recognizing how and when to network is a vital aspect of entrepreneurship. Often, an important part of success is who you meet. Being willing to communicate with others and understand your collaboration opportunities will take you far as a business owner. Seek out where to look for networking opportunities and take the opportunity to learn how to be successful.<\/p>\n<p><span style=\"color: #000080;\">5. Basic skills and knowledge in money management: <\/span>We frequently think of successful entrepreneurs as &#8220;big picture&#8221;\u00a0people who don&#8217;t worry too much about handling the day-to-day.\u00a0 And it&#8217;s true that to help you manage the company, you may have an accountant or other team members. However, you should also have basic money management skills and knowledge if you want to be successful. Know how money works so that you know where you are, and that you manage your company on sound principles.<\/p>\n<p><span style=\"color: #000080;\">6.Flexibility:\u00a0<\/span>You need to be flexible as an entrepreneur. Be ready to change as needed. Continue on top of the competition and, if appropriate, be prepared to make improvements to processes and products. Often, in your thinking, you also need flexibility. This is an important aspect of problem-solving. You want to be able to find distinctive and reliable solutions to problems.<\/p>\n<p><span style=\"color: #000080;\">7. The Passion: <\/span>Ultimately, successful entrepreneurs are passionate. They have a profound sense of their good or service or mission. When you are discouraged, passion is what will help you find inspiration and it will move you further. Passion is the guiding force for productive entrepreneurship. If you lose your enthusiasm, it could be a hint that it&#8217;s time to move on somewhere else (that stokes your passion). There are many serial entrepreneurs who make, sell, and then create something new for successful companies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_Startup_India_scheme\"><\/span><span style=\"text-decoration: underline; color: #000080;\"><strong>What is the <a style=\"color: #000080; text-decoration: underline;\" href=\"https:\/\/www.caindelhiindia.com\/blog\/documentation-for-a-startup-before-after-investment\/\">Startup India scheme<\/a>?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-19243\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/unnamed-13.jpg\" alt=\"India\" width=\"1035\" height=\"207\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/unnamed-13.jpg 1035w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/unnamed-13-300x60.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/unnamed-13-1024x205.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/unnamed-13-768x154.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/unnamed-13-800x160.jpg 800w\" sizes=\"(max-width: 1035px) 100vw, 1035px\" \/><\/p>\n<p><span style=\"color: #993366;\"><strong>Startup India \u2013 Initiative of the Government: <\/strong><\/span>Startup India Scheme is a program of the Government of India to generate employment and create wealth. The aim of Startup India is to develop and innovate products and services and to increase the employment rate in India. Advantages of Startup India Scheme: Generalization of work, financial assistance, govt tenders, networking opportunities. Startup India has been launched by Prime Minister Shri. Narendra Modi on 16 January 2016. Let&#8217;s learn more about the positive effects and eligibility of Startup India.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19240\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/startup-india..jpg\" alt=\"startup-india.\" width=\"809\" height=\"837\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/startup-india..jpg 468w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/startup-india.-290x300.jpg 290w\" sizes=\"(max-width: 809px) 100vw, 809px\" \/><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000080;\">Compliance regime based on self-certification:<\/span> The objective of a compliance regime based on self-certification is to reduce the regulatory burden on startups. This self-certification will apply to laws like payment of gratuity, contract labor, employees provident fund, water, and air pollution acts.<\/li>\n<li><span style=\"color: #000080;\">Startup India hub:<\/span> 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.<\/li>\n<li><span style=\"color: #000080;\">Simplifying the startup process:<\/span> A startup will be able to set up by just filling up a short form through a mobile app and an online portal.\u00a0 A mobile app will be launched on April 1 through which startups can be registered in a day. There will also be a portal for clearances, approvals, and registrations<\/li>\n<li><span style=\"color: #000080;\">Patent protection:<\/span> The government is also working on legal support for fast-tracking patent examination at lower costs. It will promote awareness and adoption of Intellectual Property Rights (IPRs) by startups and help them protect and commercialize IPRs.<\/li>\n<li><span style=\"color: #000080;\">Funds of funds with a corpus of Rs 10,000 crore:<\/span> In order to provide funding support to startups, the government will set up a fund with an initial corpus of Rs 2,500 crore and a total corpus of Rs 10,000 crore over four years. The fund would be managed by private professionals drawn from the industry while LIC will be a co-investor in the fund. The credit guarantee fund for start-ups would help the flow of venture debt from the banking system to start-ups by standing guarantee against risks.<\/li>\n<li><span style=\"color: #000080;\">Credit Guarantee Fund:<\/span>\u00a0A National Credit Guarantee Trust Company is being envisaged with a budgetary allocation of Rs 500 crore per year for the next four years.<\/li>\n<li><span style=\"color: #000080;\">Exemption from Capital Gains Tax:<\/span> Currently, investments by venture capital funds in startups are exempt from this law. Now, the same is being extended to investments made by incubators in startups.<\/li>\n<li><span style=\"color: #000080;\">Tax exemption for startups:<\/span>\u00a0Income tax exemption to startups announced for three years;\u00a0Tax exemption on investments above Fair Market Value<\/li>\n<li><span style=\"color: #000080;\">Startup fests:<\/span>\u00a0Innovation core programs for students in 5 lakh schools. There will also be an annual incubator grand challenge to create world-class incubators<\/li>\n<li><span style=\"color: #000080;\">Launch of Atal Innovation Mission:<\/span> Atal Innovation Mission started to give an impetus to innovation and encourage talent among the people<\/li>\n<li><span style=\"color: #000080;\">Setting up of 7 new research parks:<\/span> The government shall set up seven new research parks \u2013 six in IITs, one in IISc with an initial investment of Rs 100 crore each.<\/li>\n<li><span style=\"color: #000080;\">Promote entrepreneurship in biotechnology:<\/span> Five new bio clusters, 50 new bio incubators, 150 technology transfer offices, and 20 bios connect offices will be established.<\/li>\n<li><span style=\"color: #000080;\">Setting up of 35 new incubators in institutions:<\/span>\u00a0PPP model being considered for 35 new incubators, 31 innovation centers at national institutes<\/li>\n<li><span style=\"color: #000080;\">Innovation-focused programs for students:<\/span> There will be innovation core programs for students in 5 lakh schools.<\/li>\n<li>The panel of facilitators to provide legal support and assist in the filing of patent application<\/li>\n<li>80 percent rebate on filling patent applications by startups<\/li>\n<li>Relaxed norms of public procurement for startups<\/li>\n<li>Faster exits for startups<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_is_important_to_Entrepreneurship\"><\/span><span style=\"color: #000080;\"><strong>Why is important to Entrepreneurship?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #339966;\"><strong>Employment generation: <\/strong><\/span>\u00a0Entrepreneurship help to\u00a0creates employment. It offers an entry-level job that is required for unskilled employees to gain knowledge and experience.<\/p>\n<p><span style=\"color: #339966;\"><strong>Innovation: <\/strong><\/span>The innovation center offers new product projects, the business, the technology and quality of products, etc., and increases people&#8217;s living standards.<\/p>\n<p><strong><span style=\"color: #339966;\">Society and Economic Growth Effect:<\/span>\u00a0<\/strong> If the job base is wide and diversified, a society becomes greater. It brings in social improvements and encourages services such as higher education spending, improved sanitation, less slums, a higher level of homeownership. Entrepreneurship also helps the organization in achieving a more secure and high standard of community life.<\/p>\n<p><strong><span style=\"color: #339966;\">Increase Standard of Living:<\/span> <\/strong>\u00a0Through rising wealth, entrepreneurship helps to increase a person&#8217;s standard of living. The standard of living means an improvement in a household&#8217;s consumption of different goods and services over a particular period of time.<\/p>\n<p><span style=\"color: #339966;\"><strong>Supports Research and Development: <\/strong><\/span>New services and products need to be researched and evaluated prior to market launch. The entrepreneur, therefore, also offers research and development grants to research institutions and universities. It promotes science, general building, and economic growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_definition_of_%E2%80%9CStartup%E2%80%9D\"><\/span><span style=\"color: #000080;\">What is the definition of \u201cStartup\u201d?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Any corporation which falls into the below list of a category will be called \u201cStartup\u201d and eligible to be recognised by the DPIIT to avail the advantage from the Govt of India.<\/p>\n<ul>\n<li><span style=\"color: #000080;\"><strong>Company Type <\/strong>\u2013<\/span> Should have been Incorporated as a Private Limited Company or a Registered Partnership Firm or a Limited Liability Partnership<\/li>\n<li><span style=\"color: #000080;\"><strong>Turnover Annual<\/strong>\u00a0\u2013<\/span> Should not exceed INR 100 Cr for any of the financial years since its Incorporation<\/li>\n<li><span style=\"color: #000080;\"><strong>Company Age <\/strong>\u00a0\u2013<\/span> The Date of Incorporation should not cross Ten years<\/li>\n<li><span style=\"color: #000080;\"><strong>Scalable &amp; Innovative<\/strong> \u2013<\/span> Should have a plan for the development or improvement of a product, process, or service and\/or have a scalable business model with high potential for the creation of wealth &amp; employment.<\/li>\n<li><span style=\"color: #000080;\"><strong>Original Entity<\/strong><\/span>\u00a0\u2013 The Co\/Entity should have been formed originally by promoters &amp; should not have been formed by splitting up or reconstructing an current entity.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_Eligibility_for_registering_under_the_India_Startup_Scheme\"><\/span><span style=\"color: #000080;\"><strong>What is the Eligibility for registering under the India Startup Scheme?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. The corporation to be established must be a privately held company or a limited liability partnership.<br \/>\n2. firms were expected to obtain approval from the Department of Industrial Policy and Promotion.<\/p>\n<p>3. It must have an incubation recommendation letter.<\/p>\n<p>4. Innovative schemes or products must be provided by the company.<\/p>\n<p>5. It&#8217;s supposed to be a new corporation or not older than 5 years.<\/p>\n<p>6. The cumulative revenue of the company should not cross 25 Cr.<\/p>\n<p>7. At the end of the day, it should not be the consequence of splitting up or rebuilding a business already in presence.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_Challenges_with_Startup_India_Entrepreneurship\"><\/span><span style=\"color: #993366;\"><strong>What are the Challenges with Startup India <\/strong><strong>Entrepreneurship?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. Generally people believe that startups are just saying about a new concept or plan. In reality, however, the implementation of such a plan is more essential than just having thought about it.<\/p>\n<p>2. The govt&#8217;s view or view of India&#8217;s start-up plan is of a relatively short-term natural environment. It does not think about the long path of start-ups.<\/p>\n<p>3. Qualified workforce is needed to ensure the excellence of any new business. However, in the case of start-ups, skilled labor is not feasible due to a complete lack of funds in the initial stage.<\/p>\n<p>4. The chance of loss in start-ups is stronger than in other organizations. That&#8217;s because they tend to take a very quick step.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Comparative_Structure_of_Business_startup_Enterprises\"><\/span><span style=\"color: #000080;\">Comparative Structure of Business startup Enterprises\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/comparative-starup-structure.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-10528\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/comparative-starup-structure.jpg\" alt=\"\" width=\"785\" height=\"647\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/comparative-starup-structure.jpg 632w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/comparative-starup-structure-300x247.jpg 300w\" sizes=\"(max-width: 785px) 100vw, 785px\" \/><\/a><\/p>\n<p><strong><em><u>Popular Articles :<\/u><\/em><\/strong><\/p>\n<ul>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/guideline-on-startup-business-in-india\/\">Guideline on Startup Business in India<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/benefits-of-start-ups-under-the-startup-india-scheme\/\">Advantages and know details about Startup India Scheme<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/startup-funding-documentation\/\">Startup Funding Documents<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/legal-documents-required-for-running-business\/\">Legal Documents required for running Business<\/a><\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>www.carajput.com; Start-Up What is Entrepreneurship? Entrepreneur The entrepreneur is a person who establishes a new company, carries the risks, and benefits from the rewards. An entrepreneur is generally seen as an innovator, a source of innovative ideas, products, services, and business\/procedures. Entrepreneurs have a vital role to play in every economy, using the expertise and &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,208],"tags":[1778,1802,1801],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/4242"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=4242"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/4242\/revisions"}],"predecessor-version":[{"id":15351,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/4242\/revisions\/15351"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=4242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=4242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=4242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}