Convergence of Start Up and Stand Up India PDF

Let us Create New Eco System with the
CONVERGENCE of Start up and Stand Up India

CS Sanjay H. Indulkar- Company Secretary Mobile 9867161367 email: sindulkar@hotmail.com linkedin-connect : in.linkedin.com/pub/sanjay-indulkar/1a/865/811
PREAMBLE
Under Stand-up India initiative, each of the 1.25 lakh bank branches would be encouraged to fund a
SC/ST and woman entrepreneurs to create 2.5 lakh new entrepreneurs in the country Union Minister
for MSME (Micro, Small & Medium Enterprises) Kalraj Mishra
The ministry is implementing major schemes like Prime Minister Employment Generation Programme
(PMEGP), a credit- linked subsidy programme for creation of employment in both rural and urban area
of the country. PMEGP is providing relaxation to SC/ST beneficiaries. For urban SC/ST beneficiaries,
margin money subsidy is provided at 25 per cent of the project cost while it is 35 per cent in rural areas.
START UP INDIA :19 PLANS FOR START-UPS

1. Self certification- The start-ups will adopt self-certification to reduce the regulatory liabilities. The selfcertification will apply to laws including payment of gratuity, labour contract, provident fund management, water
and air pollution acts.
2. Start-up India hub- An all-India hub will be created as a single contact point for start-up foundations in India,
which will help the entrepreneurs to exchange knowledge and access financial aid.
3. Register through app- An online portal, in the shape of a mobile application, will be launched to help start-up
founders to easily register. The app is scheduled to be launched on April 1.
4. Patent protection- A fast-track system for patent examination at lower costs is being conceptualized by the
central government. The system will
5. Rs 10,000 crore fund- The government will develop a fund with an initial corpus of Rs 2,500 crore and a total
corpus of Rs 10,000 crore over four years, to support upcoming start-up enterprises. The Life Insurance
Corporation of India will play a major role in developing this corpus. A committee of private professionals selected
from the start-up industry will manage the fund.
6. National Credit Guarantee Trust CompanyA National Credit Guarantee Trust Company (NCGTC) is being
conceptualized with a budget of Rs 500 crore per year for the next four years to support the flow of funds to
3
start-ups.
7. No Capital Gains Tax- At present, investments by venture capital funds are exempt from the Capital Gains Tax. The same
policy is being implemented on primary-level investments in start-ups.
8. No Income Tax for three years- Start-ups would not pay Income Tax for three years. This policy would revolutionize the
pace with which start-ups would grow in the future.
9. Tax exemption for investments of higher value- In case of an investment of higher value than the market price, it will be
exempt from paying tax
10. Building entrepreneurs- Innovation-related study plans for students in over 5 lakh schools. Besides, there will also be an
annual incubator grand challenge to develop world class incubators.
11. Atal Innovation Mission- The Atal Innovation Mission will be launched to boost innovation and encourage talented
youths.
12. Setting up incubators- A private-public partnership model is being considered for 35 new incubators and 31 innovation
centres at national institutes.
13. Research parks- The government plans to set up seven new research parks, including six in the Indian Institute of
Technology campuses and one in the Indian Institute of Science campus, with an investment of Rs 100 crore each.
14. Entrepreneurship in biotechnology- The government will further establish five new biotech clusters, 50 new bio
incubators, 150 technology transfer offices and 20 bio-connect offices in the country.
15. Dedicated programs in schools- The government will introduce innovationrelated programs for students in over 5 lakh schools.
16. Legal support- A panel of facilitators will provide legal support and assistance
in submitting patent applications and other official documents.
17. Rebate- A rebate amount of 80 percent of the total value will be provided to
the entrepreneurs on filing patent applications.
18. Easy rules- Norms of public procurement and rules of trading have been
simplified for the start-ups.
19. Faster exit- If a start-up fails, the government will also assist the
entrepreneurs to find suitable solutions for their problems. If they fail again, the
government will provide an easy way out.
5
STAND UP INDIA
features of the stand up India scheme that you should know:
The scheme is a part of Start-up India, Stand up India slogan, spread by the Department of Financial Services (DFS) to
encourage entrepreneurial projects
The Stand Up India scheme will facilitate two entrepreneurial projects on an average of one for each category
(Women and SC/ST) of entrepreneurs per bank branch
The scheme will provide financial aid through the Small Industries Development Bank of India (SIDBI) with an initial
amount of Rs 10,000 crore
A credit guarantee system would also be implemented under the scheme through the National Credit Guarantee
Trustee Company (NCGTC), which will act as the operating agency for financial aids
The system will personally guide each entrepreneur through the pre-loan and operational phases
The margin money for the composite loan will be up to 25 percent to help the credit system reach out to the
entrepreneurs
Loan amounts from Rs 10 lakh to Rs 1 crore will be given to female and SC/ST entrepreneurs that will be repayable up
to seven years
The scheme will also familiarize the entrepreneurs with factoring services, e-market places and registration with
online platforms and other aspects of web entrepreneurship.
Some Links:
http://socialjustice.nic.in/pdf/VCFforSC.pdf
http://socialjustice.nic.in/nscfdc.php
http://www.ifciventure.com/Venture%20Capital%20Fund%20For%20Scheduled%20Castes
http://www.ifciventure.com/pages/by4hm8ur/77/WEBSITE-STATUS-ON-VENTURE-CAPITAL-FUND-FOR%20SCHEDULEDCASTES-%28VCF-SC%29-TILL-FEBRUARY-22-2016.pdf
http://www.ifciventure.com/Venture%20Capital%20Fund%20For%20Scheduled%20Castes#
http://www.dcmsme.gov.in/schemes/pcgsc01x.htm
Keys : Please check the state wise policy including the incentive ,subsidy and margin money
For further information and Assistance :

CS Sanjay H. Indulkar- Company Secretary
Corporate Advisory, Business Strategy & Transition, Fund Raising, Regulatory and Compliance.
Mobile 9867161367 email: sindulkar@hotmail.com
linkedin-connect : in.linkedin.com/pub/sanjay-indulkar/1a/865/811
CS Sanjay H. Indulkar- Company Secretary Mobile 9867161367 email: sindulkar@hotmail.com linkedin-connect : in.linkedin.com/pub/sanjayindulkar/1a/865/811

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Let us Create New Eco System with the

CONVERGENCE of Start up and Stand Up India

START UP INDIA :19 PLANS FOR START-UPS

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