Here are the some of the key points in the action plan of Startup India:
- Compliance regime based on self certification
- Startup India hub
- Simplifying the startup process
- Patent protection
- Funds of funds with a corpus of Rs 10,000 crore
- Credit Guarantee Fund
- Exemption from Capital Gains Tax
- Tax exemption for startups
- Tax exemption on investments above Fair Market Value
- Startup fests
- Launch of Atal Innovation Mission
- Setting up of 35 new incubators in institutions
- Setting up of 7 new research parks
- Promote entrepreneurship in biotechnology
- Innovation focused programmers for students
- Panel of facilitators to provide legal support and assist in filing of patent application
- 80 per cent rebate on filing patent applications by startups
- Relaxed norms of public procurement for startups
- Faster exits for startups
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