Updated on July 06, 2024 11:52:05 PM
The government of India started the Startup India initiative to encourage entrepreneurship in India. Under this initiative, the government has reduced compliance for entrepreneurs and existing businesses to promote them.
Businesses can avail various benefits such as tax holidays, easy bank loans and access to SIDBI funds of funds (FoF) or startup India seed funds through DPIIT startup India recognition.
To register as a startup, entities must register on the Startup India portal and apply for DPIIT recognition.
Startup India DPIIT Sample Report
DPIIT stands for "Department for Promotion of Industry & Internal Trade", & it acts as the nodal Department for coordinating the efforts of all Central Government Departments & State Governments for carrying this plan forward.
DPIIT is also responsible for recognizing Startups under the Start-up India policy of the Government of India. Once the Startup is recognized it can get various benefits under this Policy.
Note: Businesses with DPIIT recognition are exempted from deposition of EMD (Earnest money deposit) in tender participation on public procurement platforms.
Under the Startup India Action Plan, startups that meet the definition prescribed under G.S.R. notification 127 (E) can apply for recognition under the program. The program aims to create a robust ecosystem and pick up new-age enterprises.
The following are the eligibility criteria for Startup India registration set up by DPIIT.
Companies age: The entity's operational years and period of existence should be ten years from the date of incorporation.
Companies Type: The Concerning business should be registered with RoC as one of the following types of business under the companies act 2016.
Annual turnover: Annual turnover should be at most 100 crores for the financial years since its inception.
Original entity: The Company should not have been established through the dissolution or reconstruction of an existing enterprise.
Innovative and scalable: It should be working to create & improve products or services and have a company strategy that can be scaled to generate significant wealth and job opportunities.
The following documents are needed to be submitted by the entities for recognition of Startup India by DPIIT.
The first and foremost step before applying under Startup India is that the applicant should be eligible; that is, their entity should be registered as a business entity under the company registration Act.
Business owners must create their profiles on the portal before applying for DPIIT recognition. Follow the following steps to create the profile.
Once the profile is created, the respected entities are required to avail themselves of DPIIT recognition. Navigate to the startup recognition form; you need to fill in the details, such as the entity details.
DPIIT recognition is obligatory for businesses to avail the benefits of various government programs for MSMEs and entrepreneurs.
The professional charge for getting DPIIT recognition under Startup India initiatives is 4,999 rupees only & the total time it would take in the process would be 20-25 business days.
| Particulars | Fees |
|---|---|
| Our Professional Charges | 4,999 Rupee |
| Time Taken in Process | 20-25 Days |
Getting startup India registration with professional utilities is an easy and hassle-free task. You can register your business under startup India in 3 simple steps with us.
Step 1:
Get in touch via call or Contact with us
Step 2:
Provide all the required details & documents
Step 3:
Get approval by DPIIT within 20-25 days
Startups in India are witnessing a golden age in the history of Indian entrepreneurship. Yet the government has a critical role in establishing India as the world's technological giant. Through the Startup, the India initiative government is acting as a bridge to reduce the gap between new startups and opportunities they otherwise can't avail without the help of government entities.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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The process of registration for startup india is very simple. You just have to follow these simple steps to get your registration done with us.
Startups are encouraged by the government by providing them various benfetis through tax holidays & fewer compliances. However it is not mandatory for startups to get registered under India. But the scheme introduced by govt can help them in promoting their business.
The eligibility criteria for entities for DPIIT recognition is described in GSR notification 127-E.
It takes around 20-25 days to complete the whole process by DPIIT.
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