PM Modi launched the scheme of “Start-Up India” to promote entrepreneurship in India. PM made big announcements under this scheme like it will ensure least interference from the government with attractive tax benefits.
PM said as today we all are her in Startup India summit, so that you can tell us what we should not do.
“There are many Ideas some leave the idea halfway while others take their idea ahead, and when idea become successful, everyone starts thinking about ways to start their own startups. People who have achieved this success in their idea, they are not just entrepreneurs but are adventurous as well. Success of entrepreneurs depends on their ability to take risk,” he said.
PM Modi’s key announcements under the “Start-up India” to promote entrepreneurships are as follows: –
- A dedicated fund of Rs 10,000 crore will be created for funding the start-ups.
- Three-year income tax exemption will also be given to startups.
- Start or Exit from a business will be easy for budding entrepreneurs.
- No inspection will be done for three years of startup businesses in respect of labour, environment law compliance post self-certification.
The start-up India scheme and state will create an ecosystem in which people can function with their new startups.
The scheme is looking good but till now the govt image in opposition parties and in between many people is like that The Modi govt only announce things and does nothing at implementation level, like a kind of fheku image. So if govt really make it happen then it will be a great thing to lead India in the way to top of the success in the world.