Startup India Recognition

Startup India is a vital government scheme launched on 16th January 2016 to provide financial assistance and mentorship to entrepreneurs. Additionally, it provides entrepreneurs with a platform for networking with industry experts, investors, and other stakeholders. The scheme also encourages research, development, and technology transfer in the country. This scheme helps create more jobs in the country and boost economic growth.

The easy availability of financing is a critical issue for entrepreneurs looking to expand their Startups. Due to a lack of funding, many business concepts stay on the ground. To address this issue, the Indian government has established a few Schemes through which the government provides financial aid to entrepreneurs. Startups can use these funds for research and development, marketing, and other activities to help them grow their business.

As One Person Company is a form of a company it can be recognized as a Startup.

It requires around 7-10 working days , the government officers check all the information and the documents that are provided.

For the period of 10 years from the date of incorporation up to the turnover the increases the limit of Rs.100 crore in any financial year.

Once the registration is done you can connect to the other startups, the investors or the incubators on the startup India portal.

After registering under this scheme the entity will be eligible to avail certain tax benefits, but one has to apply seperately on the portal to avail it.

The companies are eligible to get recognized as DPIIT Department of Industrial policy and Promotion which gives access to tax benefits, easier compliances, IPR fast tracking and more.

Private Limited Companies, Limited Liability Partnerships, Registered Partnership firms can obtain Startup recognition certificate.