Startup India, the government initiative, is a boon for enterprenuers. Here are the 9 benefits of startup India program that business in India can avail.

1. 9 Benefits Of Startup India
Program That Indian
Businesses Can Avail
India's corporate regime saw significant changes with the introduction of
the Startup India initiative. It aims to promote entrepreneurship and has
led to India becoming the third-largest startup destination globally.

2. Employment Generation
1 Opportunity for Employment
Startup India provides an opportunity for
the generation of employment and wealth,
contributing to the growth of indigenous
industries.
2 Entrepreneurial Culture
The initiative has led to unprecedented
growth in the entrepreneurial spirit among
the youth of the country.

3. Eligibility and Benefits
Eligibility Criteria
The eligibility criteria for registration under
Startup India include being a private limited
company or a limited liability partnership.
Approval from the Department of Industrial
Policy and Promotion (DIPP) is also required.
The company must provide innovative schemes
or products and should not be older than five
years.
Benefits
Startups can avail benefits such as self-
certification, tax exemption, patent protection,
and relaxed norms for public procurement.
They also have access to networking
opportunities, government tenders, and research
and innovation benefits.

4. Simplified Work and Financial Aid
1 Simplified Work
Startups are allowed to self-certify compliance with nine labour and environmental laws,
reducing regulatory liabilities.
2 Financial Aid
Startups registered under the scheme are exempted from tax for the initial three years,
encouraging business development.

5. Single Window Clearance and Patent
Protection
Single Window Clearance
Eligible companies can register through a
single form via the Startup India mobile
application, providing easy clearances for
approvals and registrations.
Patent Protection
The scheme includes fast-track examination
of patent applications and a rebate of 80% of
the total value of the patent fee.

6. Incubator Setup and Networking
Options
Incubator Setup
The scheme includes an incubator module that endorses public-private
partnership, providing startups with the requisite knowledge and support.
Networking Options
Startups get opportunities to meet other stakeholders at fests conducted twice
annually, providing a broader perspective with day-to-day activities.

7. Government Tenders and
Research Benefits
1 Government Tenders
Startups are given incentives to
receive government tenders and are
not required to have any prior
experience to be eligible.
2 Research and Innovation
Startup India encourages research
and innovation, with proposals in
place to set up seven new research
parks.

8. Startup India: A Boon for
Entrepreneurs
Startup Growth
With little compliance and numerous
opportunities, Startup India can help
entrepreneurs see their business ideas grow,
develop, and implement.
Business Development
The benefits of Startup India, including tax
exemption and networking opportunities, provide
a conducive environment for business
development.