Facilities for New Start-Ups

Ministry of Commerce & Industry
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 today.

Spread the love

Leave a Reply

Your email address will not be published.