{"id":23557,"date":"2019-08-27T18:39:15","date_gmt":"2019-08-27T13:09:15","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=23557"},"modified":"2019-08-27T18:39:17","modified_gmt":"2019-08-27T13:09:17","slug":"what-is-the-startup-india-action-plan","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/what-is-the-startup-india-action-plan\/","title":{"rendered":"What is the Startup India Action Plan?"},"content":{"rendered":"

Startup India Action Plan is the detailed list of sequential activities to be performed under the Startup India initiative by the Government of India. The honorable Prime Minister of India<\/strong>[1]<\/a><\/sup> first announced the concept of the Start-up India campaign during his speech on 15th<\/sup> August 2015 from the Red Fort, New Delhi. Let’s learn about the Startup India Action Plan<\/strong> and what potential it holds for the development of the startup sector. <\/p>\n\n\n\n

What do you understand by “Startup\nIndia Action Plan”?<\/h2>\n\n\n\n

The Action Plan of the Startup\nIndia campaign contains a sequential list of specific actions that the\ngovernment plans to perform under the government initiative. The action plan\nincludes the outline of all the action plans of the government and focuses on\nall the crucial priorities required to achieve the aims of this initiative. It\nis prepared to provide strong support to the startups in India and creates\nvarious opportunities for the establishment of new business for more job\ncreation. Furthermore, it ensures full support for new companies by innovative\nentrepreneurs.<\/p>\n\n\n\n

The action plan is divided into two sections, which are “Introduction” and “Action plan: Proposed Schemes and Incentives.” The second section is further divided into three sub-sections, which are “Simplification and Handholding,” “Funding support’ and “Industry-Academia Partnership and Incubation.” Then comes the Annexure I- Definition of a Startup (for official purposes only) and Annexure-II- Acronyms. <\/p>\n\n\n\n

A Brief Note on Startup India\nCampaign <\/h2>\n\n\n\n

Startup India scheme is an initiative by the Government of India focused on promoting entrepreneurship and startups. Through this campaign, the Government envisions to generate employment and increasing wealth creation. The aim of Startup India scheme is to innovate and develop products and services and increase the employment rate in India. Benefits of this scheme include providing financial support, simplification of work, increasing networking opportunities, providing government tenders to startups.<\/p>\n\n\n\n

The Startup India scheme was\nlaunched on 16th<\/sup> January 2019 with an objective of nurturing\ninnovation and startups in India that will drive sustainable economic growth\nand create job opportunities.   <\/p>\n\n\n\n

Startup India Action Plan Inclusions<\/h2>\n\n\n\n

The Startup India Action Plan\nincludes various points that focus on helping or supporting the startups and\nnew businesses in India. A few of them are given below. <\/p>\n\n\n\n

Self-Certification based\nCompliance Regime<\/h3>\n\n\n\n

Generally, new business owners don’t know about the subtle details of various labor and environmental laws and they end up wasting time. The objective is to allow startups to self certify their compliance with numerous labor and environment laws themselves at the time of inspection. <\/p>\n\n\n\n

This is suggested so that startups can shift their attention from just trying to comply with all the rules and regulations to focusing on actual work. Also, under this, startups which fall under the “white category” {as defined by the Central Pollution Control Board (CPCB)}, will be able to self certify compliance in case of environmental laws and only random inspection will be conducted in such cases. <\/p>\n\n\n\n

Moreover, in case of labor laws, no inspections will be held for a period of three years. Such startups will be inspected based on the receipt of a credible and verifiable complaint of violations that are filed in written form and is signed by an official who is at least one level senior than the inspecting officer.  <\/p>\n\n\n\n

Also, Read:<\/b> Startup India Registration Process – The Complete Guide<\/a><\/mark>.<\/p>\n\n\n\n

Rolling out of Portal and\nMobile App<\/h3>\n\n\n\n

The government is planning to build a single platform which the startup companies can use to get required registrations from the relevant authorities.  The government is planning to include a list of required licenses, registrations, etc. on the mobile app platform. This is to ensure that the startups can get these licenses and registrations on the go and at a single place. Also, it provides these startups with a platform to connect with other ecosystem partners. The app was launched on 1st<\/sup> April 2016 on all mobile\/ smart devices. The portal also contains similar features.<\/p>\n\n\n\n