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Nawal

Entrepreneur | Build...ย โ€ขย 10m

Reality of startup india scheme Core Features of the Startup India Initiative according to the Government of India: Ease of Doing Business: Simplified compliance, self-certification, and single-window clearances streamline processes for startups. Tax Benefits: Eligible startups enjoy tax exemptions for three consecutive financial years. Funding Support: The โ‚น10,000 crore Fund of Funds for Startups (FFS) supports early-stage funding. Sector-Specific Policies: Focused policies for sectors like biotechnology, agriculture, and renewable energy foster targeted growth. But in reality: 15 days for name approval, nearly 30 days for incorporation application filing in progress, and more delays. Tax benefits: Requires previous 3 years of financial statements, so startups canโ€™t claim benefits for the first 3 years. Even then, only 20% of companies manage to qualify for these benefits. Funding: Did you actually get the grant? Policies: Great in PDFs, less so in practice.

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