Startup India

About This Scheme

Startup India is the flagship initiative of the Government of India to build a strong ecosystem for nurturing innovation and startups. Recognized startups get tax exemptions for 3 consecutive years, self-certification compliance, fast-tracked patent applications, and access to a Fund of Funds worth ₹10,000 crore managed by SIDBI.

Ministry: Department for Promotion of Industry and Internal Trade (DPIIT)

Eligibility

Entity incorporated as Private Limited Company, Partnership Firm, or LLP; turnover not exceeding ₹100 crore in any financial year; entity is working towards innovation or improvement of products/services; not formed by splitting or reconstruction of existing business.

Key Benefits

• Income tax exemption for 3 consecutive years out of first 10 years (Section 80-IAC)
• Exemption from Angel Tax under Section 56(2)(viib)
• Self-certification under 6 labour laws and 3 environmental laws
• Fast-tracked patent examination at 80% rebate in fees
• Access to Fund of Funds (₹10,000 crore via SIDBI)
• Easy winding up of company within 90 days under Insolvency & Bankruptcy Code
• Government e-Marketplace (GeM) listing without prior experience/turnover

Application Process

1. 1Visit startupindia.gov.in and create an account
2. 2Fill the recognition application form with business details
3. 3Upload Certificate of Incorporation/Registration and a brief description
4. 4Submit — recognition is typically granted within 2-3 working days
5. 5Apply separately for tax exemption through the Inter-Ministerial Board

Documents Required

• Certificate of Incorporation / Registration
• PAN of the entity
• Brief description of innovation / business model
• Authorization letter (if applying through authorized representative)

Official Links

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