Startup Ecosystem facilitated through various government departments & programs

• 4000+ Startups have benefitted in the last year through various programs of the Central Govt.
• 960 crore of funding has been enabled to Startups through various schemes
• 828 Cr sanctioned funds for infrastructure

With the objective to build a strong eco-system for nurturing innovation and Startups in the country the Government launched a Startup India Action Plan that offers the following support to recognized supports through:

Tax Exemptions

• IT exemptions for 3 years
• Capital gains exemption to people investing such capital gains in the Govt.  recognized Fund of Funds
• Tax exemption on investments above Fair Market Value

Legal Support in Patent Filing

• Fast track of Startup Patent applications
• Panel of facilitators to assist in filing applications, govt. bears facilitation costs:

423 facilitators for patent & design; 596 for trademark applications

• 80% rebate in filing of patents: 200 startups benefitted  

Easy Compliance

Self-certification and compliance of 9 environments and labour laws through Startup India web portal/mobile app. Online self-certification for Labour Laws enabled through ‘Shram Suvidha’ portal

Relaxed Norms for Public Procurement

By easing the requirement of prior experience and prior turnover in tenders for application by startups

Fund of Funds

• ₹ 10,000 Cr. Fund of Funds to be provided by Mar 2025: Avg. ₹ 1,100 Cr. Per year
• Operating guidelines has changed to incorporate the following: 
• 2x of FFS to DIPP Startups
• Allow funding of entity after ceasing to be startup (under DIPP)
• ₹ 600 Cr. Has been disbursed to SIDBI so far (₹ 500 Cr in FY 2016 and ₹ 100 Cr in FY 2016) à SIDBI has further committed ₹ 623.5 Cr. to 17 VCs (23.5 cr is Interest) à From the SIDBI’s commitment, these VC’s have disbursed  ₹ 33.63 Cr. to 62 startups; thereby catalyzing an investment of ₹ 220 Cr

Credit Guarantee Scheme for Start-Ups

• Corpus of ₹ 2,000 Cr across 3 years 
• Collateral Free, Fund & Non-Fund Based Credit Support
• Loans of up to 5 Cr. per Startup to be covered
• Status: EFC Memo circulated on 22 March 2017 to 6 Dept’s
• Impact: Credit guarantee to benefit 7,500+ Startups in 3 years

Industry/Academia Support

Providing and building infrastructure across the country by setting/scaling up: 31 Innovation Centers, 15 Startup centers, 15 Technology Business Incubators, 7 Research Parks, 500 Atal Tinkering Labs

Startup Recognition

2,348 Applications received; 932 startups recognized; 208 startups eligible for tax exemption; 23 startups given tax exemption