Startups are becoming very popular in India. In order to develop the Indian economy and attract talented entrepreneurs, the Government of India, under the leadership of PM Narendra Modi, has started and promoted the Startup India initiative to recognize and promote startups.
Startup India was launched in order to grow the Indian economy and attract potential entrepreneurs. The Startup India program helps the ease of doing business in India. More than 2,74,798 startups have been recognized as qualified for benefits under the scheme till now, More than 13782 startups have already started taking full benefits under the Startup India scheme. Some of the main benefits of this program include Tax exemption for start-ups for any consecutive three years, reduced fees for trademark and patent registration, a 90-day business closure process, and many more.