Start-up India FAQs: Answers to Your Key Questions

What is the turnover limit for a startup to register under Startup India Scheme?

The annual turnover of the startup should not exceed INR 100 crores in any of the previous financial years.

What is the definition of a startup as per Startup India Scheme?

As per the scheme, a startup is defined as an entity that is incorporated or registered in India not more than 10 years ago and is working towards innovation, development, deployment, or commercialization of a new product, process, or service driven by technology or intellectual property.

What are the criteria for a startup to be considered innovative under Startup India Scheme?

To be considered innovative, a startup should be working on a product or service that is new or significantly improved compared to the existing ones in the market.

How can a startup register under Startup India Scheme?

Startups can register on the Startup India portal by providing the required details and obtaining a certificate of recognition from the Department for Promotion of Industry and Internal Trade (DPIIT).

Is there any fee to register under Startup India Scheme?

No, there is no fee to register under Startup India Scheme.

What is the validity of the Startup India certificate?

The certificate of recognition issued to startups under Startup India Scheme is valid for 10 years from the registration of the company the validity is also ended when your company crosses the 100 Crores turnover earlier

Can an existing company apply for Startup India Scheme?

Yes, an existing company can apply for Startup India Scheme provided it fulfills the eligibility criteria.

What are the tax benefits available to startups under Startup India Scheme?

Startups registered under Startup India Scheme can avail of various tax benefits such as exemption from income tax for 3 years, exemption from capital gains tax on the sale of residential property and investment in eligible funds, and exemption from tax on investments above fair market value.

What are the funding opportunities available to startups under Startup India Scheme?

Startups registered under Startup India Scheme can avail of various funding opportunities such as funding support from government schemes and initiatives, equity funding from venture capitalists, and crowdfunding.

Can a startup avail of both tax benefits and funding opportunities under Startup India Scheme?

Yes, a startup can avail of both tax benefits and funding opportunities under Startup India Scheme.

Are there any restrictions on the use of funds raised by a startup under Startup India Scheme?

Startups are free to use the funds raised for any legitimate business purpose.

Can foreign startups register under Startup India Scheme?

No, only Indian startups can register under Startup India Scheme.

Can startups operating in any sector register under Startup India Scheme?

Yes, startups operating in any sector can register under Startup India Scheme

What is the role of DPIIT in Startup India Scheme?

The Department for Promotion of Industry and Internal Trade (DPIIT) is responsible for the implementation of Startup India Scheme and issuing certificates of recognition to eligible startups.

What is the process for availing of benefits under Startup India Scheme?

Startups can avail of benefits under Startup India Scheme by providing the necessary documentation.

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What is Startup India Scheme?

What are the benefits of registering under Startup India Scheme?

Who is eligible to apply for Startup India Scheme?

What is the age limit for a startup to register under Startup India Scheme?

What is the turnover limit for a startup to register under Startup India Scheme?

What is the definition of a startup as per Startup India Scheme?

What are the criteria for a startup to be considered innovative under Startup India Scheme?

How can a startup register under Startup India Scheme?

Is there any fee to register under Startup India Scheme?

What is the validity of the Startup India certificate?

Can an existing company apply for Startup India Scheme?

What are the tax benefits available to startups under Startup India Scheme?

What are the funding opportunities available to startups under Startup India Scheme?

Can a startup avail of both tax benefits and funding opportunities under Startup India Scheme?

Are there any restrictions on the use of funds raised by a startup under Startup India Scheme?

Can foreign startups register under Startup India Scheme?

Can startups operating in any sector register under Startup India Scheme?

What is the role of DPIIT in Startup India Scheme?

What is the process for availing of benefits under Startup India Scheme?

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