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Title: :  Startup India- A New Vision of Economic Development
PaperId: :  10593
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 2 Issue 5 2016
DUI:    16.0415/IJARIIE-10593
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Dr.Vijay Prakash Mishra J.N.P.G College Lucknow

Abstract

Applied Economics
• 10,000 crore startup funding pool. • Reduction in patent registration fees. • Improved Bankruptcy Code, to ensure a 90-day exit window. • Freedom from mystifying inspections for the first 3 years of operation. • Freedom from Capital Gain Tax for the first 3 years of operation. • Freedom from tax for the first 3 years of operation. • Self-certification compliance. • Young Entrepreneur of The Year Satyam Kumar, Founder, and CEO at Dataoxy • Created an Innovation hub, under the Atal Innovation Mission. • To target 5 lakh schools, and involve 10 lakh children in innovation-related programs. • New schemes to provide IPR protection to startup firms. • Encourage entrepreneurship within the country. • Promote India across the world as a start-up hub. • Built Startup Oasis as Rajasthan Incubation Center
Honorable Prime Minister Dr. Narendra Modi announced on 15th August 2015 "Start-up India, Stand up India" to promote Bank Financing for startups and offer incentives to boost entrepreneurship and job creation. Addressing the Nation on the 69th Independence Day, he said, "We are looking at systems for enabling start-ups. We want to enable start-ups to make India No. 1 in this field…. Start-up India; Stand up India." The action plan for this initiative is based on the following three pillars: 1. Simplification and Handholding. 2. Funding Support and Incentives. 3. Industry-Academia Partnership and Incubation. An additional area of focus relating to this initiative is to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by The Department for promotion of industry and internal trade (DPI&IT). A startup defined as an entity that is headquartered in India, which was opened less than 10 years ago and has an annual turnover of fewer than 100 crores. Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 10 lakh (1 million) mobile app start-ups, and the MUDRA Bank's scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds. The initial capital of 20,000 crores has been allocated for this scheme.

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IJARIIE Dr.Vijay Prakash Mishra . "Startup India- A New Vision of Economic Development" International Journal Of Advance Research And Innovative Ideas In Education Volume 2 Issue 5 2016 Page 1471-1473
MLA Dr.Vijay Prakash Mishra . "Startup India- A New Vision of Economic Development." International Journal Of Advance Research And Innovative Ideas In Education 2.5(2016) : 1471-1473.
APA Dr.Vijay Prakash Mishra . (2016). Startup India- A New Vision of Economic Development. International Journal Of Advance Research And Innovative Ideas In Education, 2(5), 1471-1473.
Chicago Dr.Vijay Prakash Mishra . "Startup India- A New Vision of Economic Development." International Journal Of Advance Research And Innovative Ideas In Education 2, no. 5 (2016) : 1471-1473.
Oxford Dr.Vijay Prakash Mishra . 'Startup India- A New Vision of Economic Development', International Journal Of Advance Research And Innovative Ideas In Education, vol. 2, no. 5, 2016, p. 1471-1473. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/Startup_India__A_New_Vision_of_Economic_Development_ijariie10593.pdf (Accessed : 17 July 2019).
Harvard Dr.Vijay Prakash Mishra . (2016) 'Startup India- A New Vision of Economic Development', International Journal Of Advance Research And Innovative Ideas In Education, 2(5), pp. 1471-1473IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/Startup_India__A_New_Vision_of_Economic_Development_ijariie10593.pdf (Accessed : 17 July 2019)
IEEE Dr.Vijay Prakash Mishra , "Startup India- A New Vision of Economic Development," International Journal Of Advance Research And Innovative Ideas In Education, vol. 2, no. 5, pp. 1471-1473, Sep-Oct 2016. [Online]. Available: http://ijariie.com/AdminUploadPdf/Startup_India__A_New_Vision_of_Economic_Development_ijariie10593.pdf [Accessed : 17 July 2019].
Turabian Dr.Vijay Prakash Mishra . "Startup India- A New Vision of Economic Development." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 2 number 5 (17 July 2019).
Vancouver Dr.Vijay Prakash Mishra . Startup India- A New Vision of Economic Development. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2016 [Cited : 17 July 2019]; 2(5) : 1471-1473. Available from: http://ijariie.com/AdminUploadPdf/Startup_India__A_New_Vision_of_Economic_Development_ijariie10593.pdf
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