{"id":36221,"date":"2016-02-19T11:59:56","date_gmt":"2016-02-19T06:29:56","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=36221"},"modified":"2016-02-19T12:03:23","modified_gmt":"2016-02-19T06:33:23","slug":"prime-ministers-startup-india-policy-notified","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/02\/19\/prime-ministers-startup-india-policy-notified\/","title":{"rendered":"Prime Minister\u2019s \u2018Startup India\u2019 Policy, notified"},"content":{"rendered":"<p style=\"text-align: justify;\">The Department of Industrial Policy and Promotion (DIPP) constituted under the Ministry of Commerce and Industry has issued the notification for \u2018Startup India\u2019 initiative on 17<sup>th<\/sup> February, 2016. The initiative aims to create a conducive environment for startups in India and encourage innovation and entrepreneurship in the country. The notification elaborates the definition of an entity eligible for consideration as a startup and specifies the procedural requirements to be complied with by the entity in order to obtain several benefits of the initiative, which include \u2013<\/p>\n<ul style=\"text-align: justify;\">\n<li>Single Window Clearance even with the help of a mobile application<\/li>\n<li>Setup of a 10,000 crore fund<\/li>\n<li>80% reduction in patent registration fee<\/li>\n<li>A 90-day exit window under the modified Bankruptcy Code<\/li>\n<li>Tax holiday for capital gains tax and tax in profits for 3 years<\/li>\n<li>Industry-academia partnership and incubation<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">A mobile app will soon be launched by DIPP for processing the requests for startups. Until then certain alternative arrangements have been suggested to be made for processing startups\u2019 requests under the notification. The Startup India Action Plan is available on the website of Ministry of Commerce at <a href=\"http:\/\/commerce.nic.in\/\">http:\/\/commerce.nic.in<\/a>.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Industrial Policy and Promotion (DIPP) constituted under the Ministry of Commerce and Industry has issued the notification for \u2018Startup <\/p>\n","protected":false},"author":3,"featured_media":28141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-36221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - 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