TMI BlogFacilities for New Start-UpsX X X X Extracts X X X X X X X X Extracts X X X X ..... Facilities for New Start-Ups - News and Press Release Dated:- 20-11-2019 - News - 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: Simplification and Handholding Funding Support and Incentives Industry- Academia Partnership and Incubation The incentives being provided to startups under Startup India initiative to overcome their initial hurdles are given below: Self-Certification under 6 Labour Laws 3 Environmental Laws Relaxations in Public Procurement Norms Faster exit under the Bankruptcy Code Rebates on Patent Trademark filing fees, support from facilitators and expedited examination of Patent application Income Tax exemption under Section 80 IAC of Income Tax Act Exemption ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Funding support under the Fund of Funds for startups 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. A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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 5 th November 2019) Andaman and Nicobar Islands 0 1 2 5 Andhra Pradesh 4 103 162 140 Arunachal Pradesh 0 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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