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India's startup are getting INR 10,000 crore over a period 4 years

India is the third largest country for fledgling tech firms, With over 4,200 startups, And these startups has receive more than $9 billion investment in 2015.

Indian prime minister Narendra Modi uncovered an action plan to help startup to growth in the country as part of the government’s "Startup India, Standup India" initiative. it offering many benefits that will make it easier to launch, run and sell companies/startup in the country.

  1. In order to provide funding support to Startups, Government will set up a fund with an initial corpus of
    INR 2,500 crore and a total corpus of INR 10,000 crore over a period 4 years (i.e. INR 2,500 crore per
    year) .

  2. With a view to stimulate the development of Startups in India and provide them a competitive
    platform, it is imperative that the profits of Startup initiatives are exempted from income-tax for a
    period of 3 years. This fiscal exemption shall facilitate growth of business and meet the working capital
    requirements during the initial years of operations. The exemption shall be available subject to
    non-distribution of dividend by the Startup.

  3. A Mobile App and Portal companion site set to launch on April 1 will help startups register their companies and partnerships in just a day.

  4. Legal Support and Fast-tracking Patent Examination at Lower Costs. and companies will also receive an 80 percent rebate on the cost of filing patents.

  5. To make it easier for Startups to wind up operations. Startups with simple debt structures or those meeting such criteria as may be specified may be wound up within a period of 90 days from making of an application for winding up on a fast track basis.

Now the matter is, execution of the program. If program will be executed correctly India’s startup Environment will become world's best environment.

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