January Sixteen to be celebrated as Countrywide Start Up Day: PM Modi
National Startup Day — excellent start, however lengthy way before India turns into The Republic Of Startups
Authorities-registered startups have created up to 6.5 lakh jobs within the country, branch for advertising of industry and inner trade (DPIIT) Secretary Anurag Jain stated on January 6. greater than 60,000 startups had been acknowledged via the DPIIT since 2016, while the flagship virtual initiative was launched, making India the third- biggest startup ecosystem within the globe.
"The figure comes to 11 jobs per startup. The startup revolution is transforming our country from a nation of job seekers to job givers," stated Jain. The authorities had in advance based on the range of jobs created on a formulation of every direct job within the sector leading to 3 oblique jobs. Jain stated the DPIIT is centered on developing 20 lakh new jobs within the zone using formally registering 50,000 new startups, over the following 4 years. consistent with the professional internet site of Startup India, getting identified using the authorities offers a startup income-tax exemption for three consecutive years and exemption on capital profits and investments above fair market price.
Out of the 736 districts within the country, registered startups are found in 630 districts, and are present in each state and union territory.
In 2016, the Centre had set up a Rs 10,000-crore fund of the budget under the Small Industries development bank of India (Sidbi) to fulfill the economic desires of start-ups. Of this Rs 6,500 crore had been dedicated, Jain stated.
5 incubation centers to offer your startup a kick start
1.Centre for Innovation Incubation And Entrepreneurship at IIM, Ahmedabad
- Indian Angel Network
- JECRC Incubation Centre (JIC)
4.CEI IIMC
- Techno park TBI
