19 states implemented startup policies: Commerce ministry


Team Udayavani, Apr 7, 2018, 5:52 PM IST

Mumbai: As many as 19 state governments have implemented startup policies with a view to promote budding entrepreneurs in the country, the commerce and industry ministry today said.

In January 2016, Prime Minister Narendra Modi unveiled a slew of incentives to boost startup businesses, offering them a tax holiday, inspector raj-free regime and capital gains tax exemption as part of the startup action plan.

“At the time of launch of this initiative, only four states had a started startup policy, whereas 19 states have implemented startup policies now,” the ministry said in a statement.

To further give an impetus to the momentum, state/UT startup ranking framework has been launched in February.

The key objective of the ranking is to encourage states to take proactive steps towards strengthening the startup ecosystems within their jurisdictions.

To promote innovation among startups, the ministry provides 80 percent rebate in patent filing fees and 50 percent on trademark filing fees.

“423 patent facilitators and 596 trademark facilitators have been nominated for this purpose. The initiative has benefited 671 patent applicants, 941 trademark applicants along with 144 expedited examinations,” it said.

Further, the ministry said international bilateral cooperation with countries having strong startup ecosystems – Israel, Singapore, Portugal and Sweden – have been entered into by Startup India Hub to facilitate market access and promote investments.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Egg distribution scheme for school children under scrutiny over alleged mismanagement

India Post M’luru division to offer doorstep service to pensioners for Jeevan Praman certificate

Cong asks PM Modi why Gujarat’s white onion farmers given preferential treatment

Kharge slams Fadnavis, says people of Maharashtra will give a befitting reply to BJP

Doctors report treating ‘petticoat cancer’ in women who might have tied sarees tightly at waist

Incentive fund for SC/ST students of national institutes increased, says Minister Mahadevappa

Terminal 2 of Bengaluru airport gets 4,000 sqft hydroponic green wall

Related Articles More

Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision

SC orders liquidation of grounded air carrier Jet Airways’ assets

Home-cooked meals become dearer in October on costlier vegetables

Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls

Das says incoming data on GDP growth mixed but positives outweigh negatives

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

M’luru: Flying squad shall curb illegal lotteries and betting, says ADC

Egg distribution scheme for school children under scrutiny over alleged mismanagement

India Post M’luru division to offer doorstep service to pensioners for Jeevan Praman certificate

Channapatna By-election: HDK releases audio of D K Suresh’s comments on Yogeeshwar

Cong asks PM Modi why Gujarat’s white onion farmers given preferential treatment

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.