Home » Parliament » Facilities for New Start-Ups

Facilities for New Start-Ups

Startup India Initiative was launched on 16th January 2016. The Startup India Action Plan with 19 Action Points intends to build a strong eco-system for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Action Plan is divided across the following areas:
      1. Simplification and Handholding
      2. Funding Support and Incentives
      3. Industry- Academia Partnership and Incubation

The incentives being provided to startups under Startup India initiative to overcome their initial hurdles are given below:

  1. Self-Certification under 6 Labour Laws & 3 Environmental Laws
  2. Relaxations in Public Procurement Norms
  3. Faster exit under the Bankruptcy Code
  4. Rebates on Patent & Trademark filing fees, support from facilitators and expedited examination of Patent application
  5. Income Tax exemption under Section 80 IAC of Income Tax Act
  6. Exemption from Income Tax on investments received above fair market value under clause (ii) of the proviso to clause (viib) of sub-section (2) of section 56 of the Income Tax Act
  7. Funding support under the Fund of Funds for startups
  8. Guidance and facilitation support from Startup India Hub

 

The details of Startups founded all over country is not compiled, however, various initiatives undertaken under Startup India initiative have resulted in increase in recognition of Startups by DPIIT since the launch of the initiative as under:

 

Fiscal Year Number of startups recognized
2016-2017 746
2017-2018 7961
2018-2019 8618
2019-2020 (Till November 5, 2019) 7141

 

 

The data on number of startups which are still functional for three years or have failed in three years of their launch is not compiled. As per data self-reported by startups, a total of 3 startups from Pratapgarh have been recognized by DPIIT. List of state-wise and industry-wise startups recognized by DPIIT since the launch of the initiative in 2016 based on data self-reported by startups are at Annexure I and Annexure II, respectively. Product-based data of the recognized startup by DPIIT is not compiled.

 

ANNEXURE-I

 

List of State/UT-wise number of Startups recognized by DPIIT

 

State/UT 2016 2017 2018 2019 (Till 5th November 2019)
Andaman and Nicobar Islands 0 1 2 5
Andhra Pradesh 4 103 162 140
Arunachal Pradesh 0 0 2 2
Assam 10 35 68 57
Bihar 1 48 149 135
Chandigarh 9 22 27 32
Chhattisgarh 11 57 121 143
Dadra and Nagar Haveli 0 3 0 2
Daman and Diu 0 1 1 0
Delhi 75 743 1187 1152
Goa 2 20 44 32
Gujarat 29 298 452 514
Haryana 28 271 487 591
Himachal Pradesh 0 9 17 25
Jammu and Kashmir 2 15 48 37
Jharkhand 2 35 88 80
Karnataka 67 886 1213 1374
Kerala 24 172 332 563
Madhya Pradesh 7 107 297 272
Maharashtra 93 1104 1661 1778
Manipur 0 4 7 4
Meghalaya 0 0 2 6
Mizoram 0 0 2 1
Nagaland 1 4 2 2
Odisha 4 115 168 142
Pondicherry 0 3 16 6
Punjab 7 31 70 81
Rajasthan 14 140 246 300
Sikkim 0 1 0 2
Tamil Nadu 54 271 459 489
Telangana 20 328 511 492
Tripura 0 0 4 5
Uttar Pradesh 29 413 791 709
Uttarakhand 4 45 69 84
West Bengal 8 181 275 255

 

ANNEXURE-II

 

List of industry-wise number of startups recognized by DPIIT

 

Industry 2016 2017 2018 2019(Till 5th November 2019)
Advertising 0 54 92 89
Aeronautics/Aerospace & Defence 0 24 78 87
Agriculture 0 174 319 427
AI 0 73 218 288
Analytics 0 64 102 106
Animation 0 5 13 12
AR/VR (Augmented + Virtual Reality) 0 40 66 81
Architecture/Interior Design 0 19 52 56
Art & Photography 0 35 32 32
Automotive 0 82 141 158
Chemicals 0 21 41 54
Computer Vision 0 23 33 33
Construction 0 83 212 282
Dating/Matrimonial 0 3 8 11
Design 0 53 105 79
Education 0 313 767 658
Enterprise Software 0 148 249 263
Events 0 22 40 52
Fashion 0 59 111 102
Finance Technology 0 160 237 362
Food & Beverages 0 179 365 450
Green Technology 0 128 274 310
Healthcare & Lifesciences 0 424 768 808
House-Hold Services 0 38 76 78
Human Resources 0 53 149 171
Internet of Things 0 143 265 246
IT Services 0 610 1417 1351
Marketing 0 73 243 226
Media & Entertainment 0 96 166 197
Nanotechnology 0 12 21 20
Non-Renewable Energy 0 12 27 31
Other Specialty Retailers 0 30 66 63
Pets & Animals 0 12 22 24
Professional & Commercial Services 0 190 388 400
Real Estate 0 34 80 95
Renewable Energy 0 142 292 262
Retail 0 116 241 224
Robotics 0 28 71 81
Safety 0 10 27 26
Security Solutions 0 36 87 84
Social Impact 0 37 64 73
Social Network 0 60 82 105
Sports 0 25 40 54
Technology Hardware 0 152 260 286
Telecommunication & Networking 0 53 105 83
Textiles & Apparel 0 61 100 105
Transportation & Storage 0 100 164 216
Travel & Tourism 0 72 199 211
Not Reported 505 1085 5 0

 

This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha

About ppb

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Banking facilities in rural areas

To ensure availability of banking outlet (Bank branch/Business Correspondent (BC), within 5 kilometers of all ...

Production of Sail

Steel Authority of India Limited (SAIL) had undertaken Modernization and Expansion of its five Integrated ...

Major Port Authorities Bill 2020 Introduced in The Loksabha

Major Port Authorities Bill 2020 was introduced in the Loksabha by the minister of state ...

Parliament Passes The Mineral Laws (Amendment) Bill, 2020

Parliament passed The Mineral Laws (Amendment) Bill, 2020 for amendments in Mines & Mineral (Development ...

Subsidy to Artisans under Solar Charkha Mission

The scheme Mission Solar Charkha is enterprise driven scheme and envisages setting up of ‘Solar ...

Public Enterprises Survey 2018-19 Tabled in Parliament

Total Paid up Capital in all CPSES as on 31.3.2019 Stood at Rs. 2,75,697 Crore ...

Rising Demand of Oil

As per World Energy Outlook 2019 published by International Energy Agency, India’s oil demand in ...

Coal stocks at power plants increase by 77% to 34.25 MT: Pralhad Joshi

Coal stocks at power plants peaked to 34.25 million tonnes on January 26, equivalent to ...

73.47 Lakh  Candidates Trained Under Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

Under the Skill India Mission, Ministry of Skill Development and Entrepreneurship is implementing a flagship ...

977 Steel Plants in the country

The total number of steel plants in the country is 977.  In the public sector, ...

WP2Social Auto Publish Powered By : XYZScripts.com