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Startup India Registration is an initiative launched by the Government of India to promote and support startups in the country. The program is designed to provide various benefits and incentives to eligible startups, including tax exemptions, funding opportunities, and access to government schemes.
The registration process for Startup India involves submitting an online application through the Startup India portal, where startups can provide details about their business, such as their mission, vision, and objectives. To be eligible for the program, startups must meet certain criteria, such as having a unique business model, being incorporated as a private limited company, and having a turnover of less than Rs. 100 crore.
Once a startup is registered under the Startup India program, it can avail various benefits and incentives, such as exemption from income tax for three years, exemption from capital gains tax, and a dedicated support team to help with regulatory compliances. Additionally, the startup can participate in various schemes and programs run by the government to support and promote entrepreneurship, such as the Atal Innovation Mission, National Initiative for Developing and Harnessing Innovations (NIDHI), and more.
Overall, the Startup India Registration program is an excellent opportunity for startups in India to receive support and incentives from the government to help them grow and succeed. By registering under this program, startups can access various resources, funding opportunities, and a network of other entrepreneurs and experts to help them achieve their business goals.