Who are eligible for Startup India Scheme?
Eligibility Criteria for Startup Recognition: Startup must be incorporated as a Private Limited Company or registered as a Partnership Firm or a Limited Liability Partnership. The turnover should be less than INR 100 Crores in any previous financial year.
Under Startup India scheme, companies doing business for more than 5 years will be added to it.
The business model of a start-up company should be employment oriented.
Renewal and technology should be used more in the start-up company.
A company started under this scheme will have to take a certificate from the Inter Ministerial Board set up by DIPP for renewal of its product and service.
How much amount can be given in Startup India Scheme?
To encourage startups by the students, annual financial assistance of Rs 50 lakh will be provided to 13 centres for 3 years.
How to apply for Startup India scheme?
Here I am describing about online application – Applicants for the start-up scheme can be done through the online platform. To join this scheme, all the applicants have to fulfil all the conditions related to it. For this the following is the process of apply online: https://www.startupindia.gov.in/content/sih/en/login.html
After that all the necessary information asked here will have to be filled.
Entity Details;
Full Address (Office);
Authorized Representative Details;
Director(s) / Partner(s) Details;
Information required;
Etc… After giving all this information, you will have to upload the Required Documents.
After uploading the documents, read all the terms & conditions of this scheme and submit it by filling the captcha. And completing this process, if all the documents and parameters related to the applicant’s application are found correct, then it will be accepted by the concerned department.
Today’s Government of India wants that the youth of the country should think of doing some new business instead of doing jobs. So, that employment opportunities can be generated for other youth as well.
Friends, I hope your query regarding online application & eligibility is clear. If you have any doubts or query please give your feedback.
