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Top 5 Benefits to Startups by Indian Government

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Being the hub for new innovative minds and new starts, it indeed is the cradle of new ideas, and new businesses! Through its big plan, startup India, taking the gigantic challenge to fuel that growth, by itself, it is working like a booster rocket propelling the new-born business into achieving success. 

Okay, so how does Startup India Registration do that? Let’s head straight to the advantages offered to novice entrepreneurs like yourself: 

1. Easy Funding: No More Worries about Money! 

Every start-up demands some kind of money, and the government is totally aware of it. The scheme provided by the government for funding for your startup is Startup India. It is an extension of supporting hand to take your dreams into reality. 

  • As per the scheme by the government to the startups, it offers finance support. 
  • The loan options under Startup India make easy to get loans for start-ups 
  • Government of India provides grants for giving a timely and much needed kick in finances 

2. Tax Benefits: Pocket More Of Your Money 

Apparently compounded, taxation is not as this service provides relief in the payment of taxes particularly in very early years. That means there will always be a hike in pocketing more funds where you may continue further to increase the amount and grow better. 

  • Tax Exemption are some of the amenities of registration under startup India. 
  • Benefits of the Startup India certificate can help in saving taxes. 

3. Easy Peasy Registration: More Action, Less Paperwork! 

Some paperwork does exist when embarking on a new business venture. But at Startup India, registration has been made pretty easy. More time spent on something one enjoys – in this case, the business – and less time on the forms. 

Simplification of the process shall relieve the burden from the startups through the Startup India scheme. 

4. Mentorship and Support: Guidance Every Step of the Way! 

Startups can be a roller coaster ride emotionally. With Startup India, you get in touch with mentors and experts who will guide you through each step. It’s like having a friendly coach by your side who cheers for you and advises. 

  • The government does mentorship programs in the form of mentorship plans. 
  • It is a great place for networking as well as learning through Startup India. 

5. Fast Track Patent Approvals: Protect Your Innovative Thoughts! 

You have a novel idea? In the scheme of things of Startup India, you will be given speed patent approval. That means you can safeguard your inventions and innovations within a very fast time frame.  

  • Startup India offers fast processing of the patent filing procedure. 
  • The government schemes for Indian startups encourage intellectual property protection. 

Startup India: Launchpad to Success 

Startup India: A movement is not a set of schemes. It is making young and vibrant minds just like you. It’s how to innovate, generate, and venture into successful companies. 

So, you are excited about Startup India Certificate or DPIIT Certificate  and ready to take the plunge. Great! Venturing into a jungle is like navigating the world of startups. Worry not; we have got you covered! Here are some resources that will prove useful for navigating your journey: 

1. The Startup India Website: Your One-Stop Shop 

Just like an entrepreneur’s treasure chest, an official Startup India website, is loaded with the information on all of the following:  

  • Government schemes: Funding, tax benefits, and support schemes 
  • Registration: How to register under the scheme and avail benefits out of it. 
  • Learning materials: Articles, guides, and videos related to every aspect regarding starting a business and managing one. 
  • Events and Seminars: This is a social network of entrepreneurial activities where it is possible to hear experts discuss various topics within events and seminars 

2. Govt. Webs: Funding, support 

The government has innumerable portal websites that can be accessed along with a set of resources for startups available on them 

  • SIDBI is Small Industries Development Bank of India 
  • This portal states information regarding the loans and venture capitals that people can avail according to their needs for their startup requirements 
  • MSME (Ministry of Micro, Small & Medium Enterprises) in this ministry has a different set of schemes and support services tailored for MSMEs, which also includes startups 

3. Incubators and Accelerators:  Grooming Growth 

Incubators and accelerators are supportive communities for startups. They offer: 

  • Mentorship: You can get guidance from experienced business owners and industry experts to get key advices. 
  • Workspace: Affordable office space and infrastructure. 
  • Networking opportunities: Meet potential investors, partners, and customers. 
  • Training and workshops: Learn new skills and knowledge through workshops and training programs. 

Most incubators and accelerators are university-based, research institutions, or private companies. The approved incubators are available on the Startup India portal. 

4. Online Platforms: Easy Learning and Connections 

There are a few online platforms that have been useful for startups. These include: 

  • LinkedIn: Connect with other entrepreneurs, mentors, and investors. 
  • Coursera and edX: Online courses on entrepreneurship and business management along with other courses. 
  • YourStory: Stay updated on the latest startup news, trends, and success stories. 

5.  Don’t Forget Your Local Ecosystem! 

Look for local resources in your city. Many cities have co-working spaces, entrepreneur networks, and government initiatives specifically for startups. Connect with StartupFlora for all the information about Startup India Registration & Other Government Programs. With all the resources at your fingertips, StartupFlora is well-prepared to navigate this exciting world of startups. Building a successful business takes time, effort, and a bit of help along the way & we understand that. So explore these resources, connect with StartupFlora, and keep that entrepreneurial spirit burning bright! 

About Post Author

Anurag Rathod

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