Startup India launch by PM Modi: Here’s what it really offers

Prime Minister Narendra Modi yesterday launched the Startup India initiative, which provides policy relief for upcoming companies. We take a look at what the policy really offers. For starters, the government has created as Rs 10,000 crore fund for startups. It will also create credit guarantee schemes for loans to startups.Read more here (Source: PTI)

A mobile app will be launched on April 1 through which startups can be registered in a day. There will also be a portal for clearances, approvals and registration. The government will offer startups 80 per cent rebate on patent filing applications and will simplify patent regimes. (Source: PTI)

The government will also have a startup hub as a single point of information and mentoring for startups. It will also bring in new policies to help in women entrepreneurs. (Source: PTI)

There will also be sector-specific incubators for startups and new bio clusters for startups in the bio-technology sector as well. (Source: PTI)

Prime Minister Narendra Modi in a meeting with SoftBank founder and CEO Masayoshi Son, in New Delhi. Softbank says it will likely scale up its planned investments of $10 billion in India. (Source: PTI)

Prime Minister Narendra Modi with WeWork founder and Start Up India participant Adam Neumann (R), in New Delhi. (Source: PTI)

Prime Minister Narendra Modi with Uber Founder Travis Kalanick in a meeting in New Delhi on Saturday. (Source: PTI)