Govt launches start up india scheme to help startups
As you have seen my blogs are mostly on the success stories of entrepreneur. And when I heard this news that Govt has launched a scheme. To promote and help startups I was really impress. The country like India where all people want is govt jobs. This was something extraordinary.
Start India hub
The Govt named this as startup India hub. A virtual online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect, and engage with each other. While launching the hub, Union Commerce & Industry Minister Nirmala Sitharaman said,
We are here to help you. We WANT YOU TO SUCCEED
The main aims of this hub is to be a platform that proves to be a dynamic and interactive. Not only this they also aims to facilitate learning and development, networking, mentorship , and funding for startups. The idea behind this to provide different offering to the right audience. Despite of People running for jobs. India is the third largest startup ecosystem around the world with three to four startup launches are launched daily. But most of them couldn’t get what they wanted. Hope this will help them to some extent.
Also read : Myths that jobs are better than business
Benefits of startup india scheme
Government of India has launched a mobile app and a website for easy registration for startups. Anyone interested in setting up a startup can fill up a simple form on the website and upload certain documents. The entire process is completely online.
Tax holiday for 3 Years
Startups will be exempted from income tax for 3 years provided they get a certification from Inter-Ministerial Board (IMB).
Easy access to Funds
The biggest problem that startup face is access of funds. A 10,000 crore rupees fund is set-up by government to provide funds to the startups as venture capital.
Meet other entrepreneurs
Government has proposed to hold 2 startup fests annually. This will provide great networking opportunities.
Govt are doing all they can do to promote startups. No business is build in one day. It takes effort and time.
Though all the successful entrepreneur has innovative ideas. But they all had one thing in common
“They refuse to give up”