Start Up India:Stand Up India

10 Highlight of the Start up Campaign:

1) Tax Exemptions for 3 years and concession on capital gains.

2) A Startup India hub - a single point of contact for interactions with the government.

3) Compliance regime based on self-certification and no regulatory inspection for three years.

4) A fund of Rs. 10,000 crore to back startups. Initially the corpus will be Rs. 2,500 crore. Also, a credit guarantee fund for startups.

5) 90 days for a startup to close down its business.

6) 80 per cent reduction in patent filing fee and fast-track mechanism for startup patent applications. Also, a panel of legal facilitators for startups to file IP (patents, designs, trademarks) with costs borne by government.

7) Relaxed norms of public-procurement for startups. No requirement of turnover or experience, but no relaxation in quality.

8) Atal Innovation Mission (AIM) for promotion of research and development including 500 tinkering labs, 35 public-private sector incubators, 31 innovation centres at national institutes, 7 new research parks, 5 new bio-clusters.

9) Atal Innovation Mission (AIM) for promotion of research and development including 500 tinkering labs, 35 public-private sector incubators, 31 innovation centres at national institutes, 7 new research parks, 5 new bio-clusters.

10) A mobile app to be launched on April 1 making it possible to register startups in one day.

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