Title: EVALUATION OF STARTUPS UNDER START-UP INDIA SCHEME
Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower startups to grow through innovation and design.
Startup India Action Plan envisages several incubation centres, easier patent filing, tax exemptions, ease of setting-up of business, a INR 10,000 Crore corpus fund, and a faster exit mechanism, among others.
NRDC is member of Inter-ministerial Board (IMB) Secretariat of Startup India initiative of DPIIT, MoCI, Government of India, NRDC assist Start-Up India in screening/evaluation of Start-Up proposals for availing tax benefits. Till now, NRDC has evaluated more than 1500 startups and recommended more than 80 Start-Ups for tax benefits.
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