START UP INDIA

Launch Date: 16th January 2016

Objective:

To foster entrepreneurship and nurture innovation by creating an ecosystem that is conducive for growth of Start-ups to drive sustainable economic growth and generate large scale employment opportunities

 

Achievements:

         Startup India Movement launched on 16th January 2016 for promotion of Entrepreneurship among youth.

         Action plan unveiled for encouraging startups.

         Tax relief for three consecutive years out of a block of seven year for startups.

         Start-up Fund of Rs. 10,000 Crore to be released over two Finance Commission cycles, that is, by 2025.

         Startups are allowed to issue ESOPs to promoters working as employees

         8,829 Start-ups have been recognised as on 5th April, 2018

         99 Startups have been funded (as on 5th April, 2018)

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