Startup India is a flagship initiative by the Government of India aimed at promoting and nurturing entrepreneurship. It provides a range of services and benefits designed to support startups through various stages of their growth. Here’s an overview of the key services and benefits available under the Startup India initiative:

1. Registration and Compliance Services

a. Startup Registration:

  • Easy Registration Process: Simplified process for registering a startup as a private limited company, partnership firm, or limited liability partnership (LLP) through the Startup India portal.
  • Recognition Certificate: Obtain a Startup Recognition Certificate from the Department for Promotion of Industry and Internal Trade (DPIIT) to access various benefits.

b. Compliance Relaxations:

  • Self-Certification: Relaxed compliance requirements for labor laws and environmental regulations for startups.
  • Exemption from Inspections: Startups are exempt from certain labor and environmental inspections for up to 5 years.

c. Intellectual Property Rights (IPR) Benefits:

  • Fast-Tracking Patents: Fast-tracking the examination of patent applications and providing a rebate on patent filing fees.
  • Trademark Assistance: Assistance in trademark registration with reduced fees and simplified processes.
2. Funding and Financial Support

a. Funding Opportunities:

  • Startup India Seed Fund Scheme (SISFS): Provides financial support in the form of seed funding to early-stage startups for product development, market entry, and scaling up operations.
  • Venture Capital Funding: Access to various venture capital funds and angel investors through the Startup India portal.

b. Tax Benefits:

  • Tax Holiday: Eligibility for a 3-year tax holiday in the first 10 years of operation to avoid paying income tax.
  • Capital Gains Exemption: Exemption from capital gains tax on investments made in startups under certain conditions.

c. Government Schemes and Grants:

  • Pradhan Mantri Jan Dhan Yojana (PMJDY): Access to financial inclusion schemes and credit facilities under the PMJDY.
  • MUDRA Loans: Access to Micro Units Development & Refinance Agency (MUDRA) loans for funding small and medium enterprises.
3. Mentorship and Support

a. Incubation and Acceleration:

  • Startup Incubators and Accelerators: Access to various government-supported incubation centers and accelerator programs that provide mentoring, office space, and other resources.
  • Skill Development: Training and skill development programs to enhance the capabilities of startup founders and teams.

b. Networking Opportunities:

  • Startup Events and Conferences: Opportunities to participate in startup events, conferences, and networking sessions organized by the government and industry partners.
  • Mentor Networks: Access to a network of mentors, industry experts, and experienced entrepreneurs.
4. Market Access and Promotion

a. Government Procurement:

  • GeM Portal: Access to the Government e-Marketplace (GeM) to participate in government procurement processes and tenders.
  • Public Sector Opportunities: Opportunities to partner with public sector enterprises and government departments for business contracts.

b. Marketing and Visibility:

  • Startup India Portal: Promotion through the Startup India portal, including visibility in startup directories and success stories.
  • Media Exposure: Opportunities for media coverage and exposure through government-supported campaigns and initiatives.

Bank Detail

UJJAWAL BHARAT FINTECH PRIVATE LIMITED

Account Number : 351105002002

Account Holder's name : Ujjawal Bharat Fintech Private Limited

Ifsc Code : ICIC0003511