Startup Action Plan Overview

Prime Minister's some of the action plan points on Startup India are:
  • Self-certification based compliance
  • No inspection for the first three years.
  • Includes self-certified environmental regulation.
  • Startup India Hub. A single point of contact.
  • A system of hand-holding.
  • A mobile app to start a startup in one day.The app will have a small application form that can be easily filled for your registration.
  • Patents usually take months. We are bringing a scheme to make filing patents simpler.
  • We are lacking in IP (intellectual property), but we have a lot of YP (youth property). We have to bring them on a single plane.
  • Trying to facilitate free patent filing. Today we are reducing patent fee by 80 per cent.
  • We are planning relaxed norms of public procurement for startups.
  • There are ways to close doors to the new ideas. We want to open them.
  • There is no exit plan for startups. We are making faster exits for startups because failures shouldn't stop you forever. One who runs away from water cannot learn to swim.
  • We are bringing a bill in Parliament to let startups can exit 90 days.
  • Rs. 10,000 crore corpus fund for startups.
  • A credit guarantee fund for startups.
  • Tax exemption on capital gains.
  • When someone invests their own wealth, they will be exempted from capital gains tax.
  • Three year income tax exemption for startups.
  • We are trying to increase participation of women in startups.
  • Tax exemption on investments above fair market value.
  • We are starting the Atal Innovation Mission to give an impetus to innovation and encourage the talent among our people.
  • Core innovation programmes in 5,00,000 schools.
  • 10,00,000 students from 5,00,000 schools shall be trained for startups.
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