October 23, 2020

IT Voice May 2019 Edition

Helpful Startup Policies from Indian Government

It has long been established that the greatest power of our nation comes from our young age creative minds who are willing to break free from the conventional pattern of employment and establish improved product or service resources in the name of “Startup” business.

By happy chances, the Govt of India has also recognized the tremendous possibilities of the Next-Gen startup wave, and has therefore put in substantial study and investment to bolster the youth with better resources, guidance and financial aid.

Innovation on the Rise

Innovation has perpetually been the point of difference for Indian folks and in the interest of this, Govt has launched several initiatives across the nation to support the new entrepreneurship and to foster a culture of innovation among the youngsters. Moreover, some Government initiatives are specially targeted towards enabling equal opportunities for female entrepreneurs and helping them with appropriate resource and financial help.

The most prominent initiative being the “STARTUP INDIA” movement which was contrived to promote and assist indigenous entrepreneurs through invaluable mentoring and facilitation along their journey towards excellence. Under this initiative, potential startups get to skyrocket their business ideas using various incubation programs and field expertise.

“The primary motive of Startup India initiative is to build an environment in which startups can innovate and evolve without any obstacles. “In addition to easy funding and resource supply, potential startups can also enroll into various other Govt initiatives like Atal Innovation Mission (AIM), Make in India, Digital India, TREAD and Pradhan Mantri Kaushal Vikas Yojana to access facilitated patent filing, easy compliance norms, relaxed procurement, incubator support, funding support, tax benefits and relaxation of stringent regulatory issues.

Tarun Taunk