NRDC to assist ‘Start-Up India’ initiative

DIPP has given the responsibility of all the start-up proposals to NRDC for screening and assessment and recommending the eligible start-ups for tax benefits. The recommended proposals would be put up to Inter Ministrial Board (IMB) by DIPP, which decides and approves which start-up should be given tax benefit. Till date more than 4,000 aspirants have applied for recognition certificate. NRDC evaluates the applications on the basis of norms given by ‘Start-Up India’ initiative and submit the report to IMB for final decision.