New Incentives for Start-ups in India!
Posted on: 17/Jan/2016 12:19:07 PM
The central government is going full-steam in its drive to promote Start-ups in the country.
The government motto is �Start-Up India for a prosperous India�!
The central government has come out with some more incentives which are really practical, appealing & attractive towards clinching its move for prosperous India through more Start-ups in the country.
The new incentives offered in brief:
� Self-certification Regime
� Hassle-free registration process through Mobile App
� No Labour Inspections for initial 3 years
� Funding Support worth Rs. 10000 Crores through Funds of Finds
� Credit Guarantee Funds for Start-Ups
� 80%Rebate on Patent Applications
� Income Tax relief for the first 3 years
� Exemption from Capital Gains Tax
� Easy Exit with the help of proposed Bankruptcy Code
� Incubation Centres to support Start-Ups across the country
� Relaxed Norms of public procurement for Start-Ups
