Table of Contents Introduction:- Eligibility for Registration under Startup India:-Top 10 startup India scheme by the Government of India. Let’s understand more about the top 10 Start-up India Schemes. 1.Aatmanirbhar Bharat App Innovation Challenge:-2.The Atal Innovation Initiative (AIM):-3. Startup India Seed Fund Scheme:-4. Startup India Initiative:-5.eBiz Portal of Start up India:- 6. Software Technology Park (STP):- 7.Dairy Processing and Infrastructure Development Fund (DIDF):-8. MUDRA Banks Loans:–9. Credit Guarantee Fund Trust for Micro and Small Enterprises:- 10. Multiplier Grants Scheme (MGS):-Conclusion:- You May Like My More Articles:-Share this articleIntroduction:- “Never dream of becoming something, if you dream, dream of doing something.” – Narendra Modi.The Startup India scheme was established in 2016 by the Indian government to provide financial assistance to aspiring businesspersons. Start-up India Scheme offers different financial aid in the form of loans and subsidies to potential business owners and organizations, further increasing job possibilities and producing wealth in the Indian economy. The Startup India Scheme is an initiative of the Government of India in 2016. The primary objective of Startup India is the promotion of startups, the generation of employment, and wealth creation. Startup India has initiated several programs for building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. These programs are managed by the Department for Industrial Policy and Promotion (DPIIT). To promote growth and help the Indian economy, many benefits are being given to entrepreneurs establishing startups. The startups recognized through the Startup India initiative are provided ample benefits for starting their own business in India. Eligibility for Registration under Startup India:-The company to be formed must be a private limited company or a limited liability partnership.It should be a new firm or not older than five years, and the total turnover of the company should not exceed 25 crores.The firms should have obtained approval from the Department of Industrial Policy and Promotion (DIPP).To get approval from DIPP, the firm should be funded by an Incubation fund, Angel Fund, or Private Equity Fund.The firm should have obtained a patron guarantee from the Indian patent and Trademark Office.It must have a recommendation letter from an incubation.Capital gain is exempted from income tax under the startup India campaign.The firm must provide innovative schemes or products.Angel fund, Incubation fund, Accelerators, Private Equity Funds, and Angel networks must be registered with SEBI ( Securities and Exchange Board of India). START UP INDIA SCHEME-Aatmanirbhar Bharat App Innovation ChallengeTop 10 startup India scheme by the Government of India. Let’s understand more about the top 10 Start-up India Schemes. 1.Aatmanirbhar Bharat App Innovation Challenge:-The Government of India has launched the Aatmanirbhar Bharat App Innovation Challenge to encourage the development of innovative, made-in-India mobile apps. This challenge is part of the Government’s ‘Start-up India’ initiative, which aims to promote technology-led innovation and entrepreneurship in the country. The challenge invites developers to create apps that address issues concerning the Indian population. The apps should be targeted at solving a specific problem, such as health, education, agriculture, financial services, entertainment, and more. To be eligible, the apps must be developed in India and must be of high quality and utility. The challenge is open to individuals and teams of up to five members. Those who wish to participate must register on the Aatmanirbhar Bharat App Innovation Challenge portal and submit their entries by 15th June 2021. The Aatmanirbhar Bharat App Innovation Challenge has a total prize fund of Rs. 1 crore. The top 30 finalists will be awarded cash prizes of up to Rs. 30 lakhs, and the top three winners will be given awards of Rs. 20 lakhs each. The winners will also receive mentorship and guidance from experts in the Indian startup ecosystem. Atal-Innovation-Mission-Start up India2.The Atal Innovation Initiative (AIM):-The Atal Innovation Initiative (AIM) is a flagship program of ‘Startup India’, a Government of India initiative to catalyze the country’s startup ecosystem and promote innovation-driven entrepreneurship. The initiative was launched by Prime Minister Narendra Modi in 2016 and is part of the larger ‘Make in India’ program. AIM enables any organization, including government organizations, to set up innovation hubs, or Atal Tinkering Labs (ATLs), to enable young minds to learn the basics of developing innovative solutions. It also provides a channel for young entrepreneurs to access resources such as mentorship, funding, and other support to help them turn their ideas into viable businesses. The ATLs are equipped with state-of-the-art facilities, including 3D printers, robotics kits, and other equipment. They are staffed by mentors who guide the students and help them learn the skills needed to develop innovative solutions. AIM also provides an online platform for students and entrepreneurs to connect, collaborate, and share ideas. The main aim of AIM is to foster an environment of innovation and entrepreneurship in the country. It encourages students and entrepreneurs to come up with innovative ideas and create viable and sustainable businesses. The initiative also aims to create an ecosystem where Start up India-Seed Fund Scheme3. Startup India Seed Fund Scheme:-Startup India Seed Fund Scheme is an initiative of the Indian Government to provide financial assistance to new and existing start-ups in India. The scheme was launched in August 2016 by Prime Minister Narendra Modi. The scheme aims to provide financial support to start-ups in the form of seed capital, mentorship, and access to networks. The scheme is managed by the Department of Industrial Policy and Promotion (DIPP) and the Small Industries Development Bank of India (SIDBI). The scheme is open to all Indian startups that have been in operation for less than five years. The startups should also have a minimum viable product (MVP) and have achieved some success in the market. The scheme provides financial assistance of up to Rs 10 crore to eligible startups. The funds will be used for product development, market research, and marketing. In addition, the scheme also provides access to mentors and networks, which will help the startups to grow and scale. The scheme also provides a platform for startups to showcase their products and services to potential investors. The scheme also encourages startups to collaborate and share resources. The scheme is open to new and existing startups. 4. Startup India Initiative:-On January 16, 2016, the Prime Minister officially unveiled the Startup India Initiative. As of June 3, 2021, over 50,000 firms have been recognized via this plan, which provides tax benefits to entrepreneurs over a little more than five years. Startup India is an initiative the Government of India took to encourage and promote the startup culture in India. It is a flagship initiative of the Government of India, aimed at promoting entrepreneurship and building an ecosystem for startups in India. The initiative was launched by Prime Minister Narendra Modi in January 2016, aiming to make India a hub for startups and create an environment for the growth of innovative ideas and ventures. The initiative has been implemented in partnership with multiple stakeholders, including the Ministry of Micro, Small, and Medium Enterprises (MSME), NITI Aayog, the Indian Banks Association (IBA), and the Department of Science and Technology (DST).The initiative has been implemented in three phases: Phase 1: This phase focused on creating awareness about the initiative and spreading the message of entrepreneurship. This phase also included the launch of the Start-up India Action Plan and the setting up of the Start-up India Hub. Phase 2: This phase focused on the implementation of the Action Plan and building an ecosystem for startups. This phase included setting up startup incubators, setting up the Start-up India Mission, and setting up the Atal Innovation Mission.Phase 3: This phase focuses on creating an environment for scale Start up India-eBiz Portal5.eBiz Portal of Start up India:- This is the first online forum for government-to-business collaboration (G2B), which has been launched to modernize the nation and provide a welcoming online environment for businesses. Start-up India Scheme – eBiz Portal is a major initiative by the Government of India to promote the growth of start-ups in the country. This portal provides a single window of access to the government for entrepreneurs to register, manage, and monitor their businesses. The eBiz Portal provides a wide range of services such as registration, information, and resources for start-ups. Through this portal, entrepreneurs can avail themselves of several benefits such as tax incentives, relaxed labor laws, and access to capital. The portal also helps entrepreneurs get easy access to information regarding the various government schemes and programs available to them.It also provides them with the opportunity to connect with the relevant government departments and access the support services they need. The portal also provides a platform for entrepreneurs to network with other entrepreneurs and investors. This helps them to learn from each other and find the right resources that are needed to launch and grow their businesses. This is a great way for them to find mentors and investors who can provide the necessary support and advice to take their business to the next level. The portal also provides an online marketplace where entrepreneurs can sell their products and services. This means that entrepreneurs can reach out to a larger audience and make their businesses more Software-Technology-Park-Scheme-Start up India scheme6. Software Technology Park (STP):- The Software Technology Park (STP) is a system that is 100% export-oriented to increase and export computer software and technical services via physical media or communications infrastructure. Software Technology Park (STP) is an initiative by the Government of India to promote the development of software exports from India. It is a major part of the ‘Start-Up India’ scheme, which was launched by the Prime Minister in 2016. The main purpose of the STP is to create an environment that facilitates software technology companies to set up operations in India. It provides all the necessary infrastructure, including incubation, networking, and other support services required for setting up a successful software technology business. The STP is managed by the Software Technology Park of India (STPI) and is located in cities such as Bangalore, Hyderabad, Chennai, Pune, Kolkata, and Thiruvananthapuram. The STP also provides various incentives such as tax holidays, duty exemption, and investment subsidies to help software companies to set up operations in India. The STP also provides access to global markets through its network of international partners and customers. This helps software companies to access customers from across the world and offer their services at competitive prices. The STP also provides access to the latest technology and research on software technologies. This helps software companies to stay ahead of the competition. It also provides access to skilled manpower and technical expertise 7.Dairy Processing and Infrastructure Development Fund (DIDF):-To ensure that dairy cooperatives maintain their competitive edge for the long-term benefit of farmers, the Indian government announced the creation of the Dairy Processing and Infrastructure Development Fund with a total system expenditure of₹11,184 Crores for execution during the year 2018-19 to 2022-23. Start-up India Scheme – Dairy Processing and Infrastructure Development Fund (DIDF) The Start-up India Scheme is a government initiative designed to support the growth and development of small and medium-sized enterprises in India. The main objective of the scheme is to facilitate the setting up of new enterprises and to foster innovation. One of the key components of the scheme is the Dairy Processing and Infrastructure Development Fund (DIDF). The DIDF provides financial assistance to the dairy sector for the establishment of modern dairy processing and infrastructure facilities. The DIDF is aimed at improving the efficiency and productivity of the dairy sector in India and ensuring that the sector can meet the growing demand for dairy products. The fund will provide support for the establishment of dairy processing units, dairy farms, and dairy-related infrastructure such as cold storage, chilling plants, pasteurization plants, and other related facilities.It will also provide financial assistance to encourage research and development in the dairy sector. The DIDF will provide financial assistance in the form of grants and loans. The scheme will be implemented in partnership with the National Bank for Agriculture and Rural Development (NABARD) and other financial institutions. The scheme will also provide technical assistance to entrepreneurs in the sector Start up India scheme-MUDRA BANK LOAN8. MUDRA Banks Loans:–The Micro Units Development Refinance Agency (MUDRA) was established to enhance the availability of loans and promote the growth of small businesses in rural regions. Start-up India Scheme was launched by the Government of India in 2016 to promote entrepreneurship and job creation. The scheme is a part of the national mission to create an ecosystem that is conducive to the growth of start-ups in India and to further the cause of innovation, job creation, and wealth creation. Under the Start-up India Scheme, the Government of India is providing financial assistance to small businesses in the form of loans. The Mudra Banks is one of the most important components of the Start-up India Scheme. The Mudra Bank is a public sector bank that provides credit facilities to small businesses and entrepreneurs in India. A total of Rs. 1.22 lakh crore has been allocated for the Mudra Bank by the Government of India. The Mudra Banks provide credit to small business owners at low-interest rates and with flexible repayment terms. The Government of India has also introduced the Pradhan Mantri Mudra Yojana (PMMY) which is a scheme that provides loans up to Rs. 10 lacks to small business owners. The scheme is aimed at promoting entrepreneurship and job creation. The Mudra Banks provide several services to small business owners including financial advisory services, credit risk analysis, credit scoring, and loan processing.9. Credit Guarantee Fund Trust for Micro and Small Enterprises:- The CGTMSE Start-up India Scheme has been formed to offer loans, such as zero-collateral business loans, to MSME firms. The goal is to provide an opportunity for businesses to acquire loans at heavily discounted interest rates without the requirement for collateral.Startup India Scheme is a flagship initiative launched by the Government of India in January 2016, to build a strong ecosystem that is conducive to the growth of start-up businesses, drive sustainable economic growth and generate large-scale employment opportunities. The initiative focuses on four key areas i.e. simplification and hand-holding, funding support and incentives, industry-academia partnership and incubation, and industry-relevant skill development. The program provides a wide range of benefits to its beneficiaries including financial assistance, incubation, mentoring, relaxation in labor laws, tax benefits, capital gains tax exemption, fast-track patent filing, and IPR protection. The Government has also established a Credit Guarantee Fund for start-ups (CGTMSE) to provide credit guarantee cover to the lenders against the loan amount given to the start-ups. The fund covers loans up to Rs. 5 crore and provides a cover of up to 75-80% of the loan amount. It has also provided incentives such as tax exemptions to start-ups on their profits, capital gains exemption to investors, and an 80 percent discount on the filing of patent applications. Start-up India has also made an effort to promote innovation and entrepreneurship among the youth by setting up incubation centers, organizing hackathons, and launching the Atal Innovation Mission. Overall, the Start-up India program has the potential to revolutionize the Indian economy by creating an ecosystem that is conducive to the growth of start-ups, driving economic growth, and creating employment opportunities. 10. Multiplier Grants Scheme (MGS):-The Multiplier Grants Scheme (MGS) was developed by the Department of Electronics and Information Technology to encourage research and development (R&D) partnerships between academics or institutions and industry for the production of a product or service. The Government of India has initiated the Start-up India Scheme to promote entrepreneurship and simplify the process of setting up a business. This scheme aims to create an environment that is conducive to the growth of startups and to enable them to access resources easily. To facilitate this, the government has introduced the Multiplier Grants Scheme (MGS). The MGS is a grant-in-aid program that provides financial assistance to startups to help them grow. This grant is offered to eligible startups to support their efforts in the areas of research and development, product development, marketing, and other areas that would help them succeed. The amount of assistance offered is based on the specific requirements of the startup. In addition to providing financial assistance, the MGS also provides access to expert advice and mentorship. This mentorship is provided by experienced entrepreneurs and professionals who can help startups develop their business plans and strategies. This support is available to startups at various stages of their development.The MGS has the potential to considerably reduce the cost of setting up a business and provide access to resources that would otherwise be difficult to obtain. This could be especially beneficial to entrepreneurs who are just starting, as they will not have to make a large investment to get their business off the ground. The Start-up India Scheme, along with the MGS, has the potential to revolutionize the way businesses are set up in India. This could help the country become a hub for innovation and entrepreneurship, and could even help the nation become a major player in the global economy.Conclusion:- India is about to enter the era of the best entrepreneurs and the pinnacle of business. The government has introduced these schemes to inspire aspiring business people, startups, and students across all academic disciplines to go on with the Atmanirbhar Bharat vision. The Government of India launched the Start-up India scheme to promote entrepreneurship and create employment opportunities in the country. This scheme helps start-ups to access funds, mentorship, network, incubation, and other support from the government.It also offers tax exemptions and other benefits such as free legal and patent advice to help entrepreneurs take their businesses forward. Start-up India also helps in providing access to a wide range of market opportunities and helps to create an environment that is conducive to business growth.It also helps to create jobs, promote innovation and build a strong foundation for a vibrant economy. The scheme is a great way to create an enabling environment for entrepreneurs and help them succeed in the long run. You May Like My More Articles:-1.https://odiyadigitalworld.com/best-popular-tech-startups-in-india/2.https://odiyadigitalworld.com/top-edu-tech-startup-companies-india/3.https://odiyadigitalworld.com/top-10-best-unicorn-startups-in-india-growing-our-economics/ Share this article Post navigationTop10 Edu. tech startup companies of India in 2022 Best 10 Unicorn Startup India Business Ideas .
