The underlying objective behind Start up funding in India is to build an ecosystem that enables
knowledge exchange and easier access to funding. This generation of Indian youth has the
conviction to pursue their dreams and business ideas, which is demonstrated by increasing
numbers of start-ups business and budding entrepreneurs. However, this revolution is also facing
some challenges. Lack of professional guidance and access to funding and financial
resources can impede the development of start-ups, ultimately leading to undesirable
results. Subsequently, the Government of India initiated the ‘Start-up India’ Scheme movement to
create an enabling environment for budding entrepreneurs.
The Start-up India Subsidery is for, who guides entrepreneurs in a friendly manner throughout the
journey. So many Consultants in startup. Get Startup Funds.
A start-up or an entrepreneurial idea, is essentially an innovating product or a service that
satisfied an unmet need or provide solutions to an issue or problem. A start-up may also
refine the offering of an existing product or service to make it more efficient and
competitive.
Eligibility
- Vintage a start-up applying for the scheme shall have a business vintage of more than 5 years
- Age must be over 18 years.
- Company Title under this scheme a company should be an LLP or Private Ltd company.
- Annual Turnover a company should not have a yearly turnover of more than 25 cores.
- Construction of company it must not be a reconstructed company. It should be a new company and not be formed out of splitting the organization into 2 more businesses.
- Involved ina new product of service : To get benefits of start-up India company should working towards the development of new products or services.
- Registration and Approvals Start-up must have approvals and documents to avail start-up India loan, such as approved from the inter-ministerial board, and recommendations of an government approved incubator from any post college. A patent filled and published in journals of Indian patent office, registration under SEBI for start-up providing funding and equity services. Funding letter from the state government or central government of any scheme to promote innovation.
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