In India, population of youngsters is very high and maximum of youngsters have a dream to become entrepreneur. Some of them have a workable business idea in their mind and on paper but due to shortage of funds they face challenges in converting that business idea into reality. To help these entrepreneurs, the Government of India has launched a scheme known as Startup India and if you meet the criteria prescribed by Startup India Registration then your organisation will be approved by DPIIT and your organisation will be eligible for getting all benefits prescribed under this scheme. In this article, we will discuss about the eligibility criteria for startup India registration and its benefits.
Eligibility criteria for recognition from DPIIT
Documents and Process to follow for Private Limited/ LLP Incorporation
Following Documents are required for company incorporation
After submission of all documents with MCA, if officer of MCA satisfied with all requirement and Documents then your company/LLP get registered and incorporation certificate will be issued
After incorporation, if you meet other prescribed guidelines as explained above, then you can apply for Startup India Registration to be recognised from DPIIT. If your company details and business idea meet the eligibility criteria for getting approval from DPIIT, then it will be recognised from Ministry and you company/LLP will be eligible for getting benefits as prescribed in the scheme.
Benefits available after DPIIT Recognition are as follows:
In case of recognised startup public procurement norms are made easy
In addition to the above benefits, database of recognised startup is maintained by Ministry and the same is available for incubators for seed funding purpose. Along with this all startup can connect with each other when meet up is organised.
Ministry also maintain database of Incubators, so that startup can also connect with them to get seed funding amount, if they meet the criteria of Incubators.
Source: Startup India Website
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