Start-up In­dia

Consumer Voice - - Guide -

Launched along­side Stand up In­dia, the Start-up In­dia ini­tia­tive is based on an ac­tion plan aimed at pro­mot­ing bank fi­nanc­ing for start-up ven­tures to boost en­trepreneur­ship and en­cour­age start-ups with jobs cre­ation. It is fo­cused on re­strict­ing the role of states in the pol­icy do­main and is meant to en­sure that there are no hin­drances such as real-es­tatere­lated per­mis­sions, for­eign in­vest­ment pro­pos­als and en­vi­ron­ment clear­ances. A start-up, as de­scribed un­der the scheme, is an en­tity that is head­quar­tered in In­dia and was opened less than five years ago with an an­nual turnover of less than Rs 25 crores.

Key fea­tures

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