The Startup India Initiative
I've compiled a comprehensive guide to the Startup India Initiative, drawing from the Startup India Kit [2], and presenting it with a standardized structure. This post aims to provide clarity on what a startup is, the benefits of Department for Promotion of Industry and Internal Trade (DPIIT) recognition, and the key features of the Startup India Initiative. Section 1: Defining a Startup Understanding what qualifies as a "startup" is crucial. According to the Startup India Kit, an entity is considered a startup if it meets the following criteria: It is incorporated as a private limited company, registered as a partnership firm, or a limited liability partnership in India. It has been in existence for up to ten years from the date of its incorporation/registration. Its turnover for any of the financial years since incorporation/registration has not exceeded INR 100 crore. It is working towards innovation, development, or improvement of products, processes, or services, or...