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2019-11-21

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Indian Economy
www.pib.nic.in

Ministry of Commerce & Industry

Facilities for New Start-Ups

Posted On: 20 NOV 2019 3:14PM by PIB Delhi

Startup India Initiative was launched on 16th January 2016. The Startup India Action Plan with 19 Action Points intends to build a strong eco-system for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Action Plan is divided across the following areas:

      1. Simplification and Handholding
      2. Funding Support and Incentives
      3. Industry- Academia Partnership and Incubation

The incentives being provided to startups under Startup India initiative to overcome their initial hurdles are given below:

 

  1. Self-Certification under 6 Labour Laws & 3 Environmental Laws
  2. Relaxations in Public Procurement Norms
  3. Faster exit under the Bankruptcy Code
  4. Rebates on Patent & Trademark filing fees, support from facilitators and expedited examination of Patent application
  5. Income Tax exemption under Section 80 IAC of Income Tax Act
  6. Exemption from Income Tax on investments received above fair market value under clause (ii) of the proviso to clause (viib) of sub-section (2) of section 56 of the Income Tax Act
  7. Funding support under the Fund of Funds for startups
  8. Guidance and facilitation support from Startup India Hub

 

The details of Startups founded all over country is not compiled, however, various initiatives undertaken under Startup India initiative have resulted in increase in recognition of Startups by DPIIT since the launch of the initiative as under:

 

Fiscal Year

Number of startups recognized

2016-2017

746

2017-2018

7961

2018-2019

8618

2019-2020 (Till November 5, 2019)

7141

 

 

The data on number of startups which are still functional for three years or have failed in three years of their launch is not compiled. As per data self-reported by startups, a total of 3 startups from Pratapgarh have been recognized by DPIIT. List of state-wise and industry-wise startups recognized by DPIIT since the launch of the initiative in 2016 based on data self-reported by startups are at Annexure I and Annexure II, respectively. Product-based data of the recognized startup by DPIIT is not compiled.

 

ANNEXURE-I

 

List of State/UT-wise number of Startups recognized by DPIIT

 

State/UT

2016

2017

2018

2019 (Till 5th November 2019)

Andaman and Nicobar Islands

0

1

2

5

Andhra Pradesh

4

103

162

140

Arunachal Pradesh

0

0

2

2

Assam

10

35

68

57

Bihar

1

48

149

135

Chandigarh

9

22

27

32

Chhattisgarh

11

57

121

143

Dadra and Nagar Haveli

0

3

0

2

Daman and Diu

0

1

1

0

Delhi

75

743

1187

1152

Goa

2

20

44

32

Gujarat

29

298

452

514

Haryana

28

271

487

591

Himachal Pradesh

0

9

17

25

Jammu and Kashmir

2

15

48

37

Jharkhand

2

35

88

80

Karnataka

67

886

1213

1374

Kerala

24

172

332

563

Madhya Pradesh

7

107

297

272

Maharashtra

93

1104

1661

1778

Manipur

0

4

7

4

Meghalaya

0

0

2

6

Mizoram

0

0

2

1

Nagaland

1

4

2

2

Odisha

4

115

168

142

Pondicherry

0

3

16

6

Punjab

7

31

70

81

Rajasthan

14

140

246

300

Sikkim

0

1

0

2

Tamil Nadu

54

271

459

489

Telangana

20

328

511

492

Tripura

0

0

4

5

Uttar Pradesh

29

413

791

709

Uttarakhand

4

45

69

84

West Bengal

8

181

275

255

 

ANNEXURE-II

 

List of industry-wise number of startups recognized by DPIIT

 

Industry

2016

2017

2018

2019(Till 5th November 2019)

Advertising

0

54

92

89

Aeronautics/Aerospace & Defence

0

24

78

87

Agriculture

0

174

319

427

AI

0

73

218

288

Analytics

0

64

102

106

Animation

0

5

13

12

AR/VR (Augmented + Virtual Reality)

0

40

66

81

Architecture/Interior Design

0

19

52

56

Art & Photography

0

35

32

32

Automotive

0

82

141

158

Chemicals

0

21

41

54

Computer Vision

0

23

33

33

Construction

0

83

212

282

Dating/Matrimonial

0

3

8

11

Design

0

53

105

79

Education

0

313

767

658

Enterprise Software

0

148

249

263

Events

0

22

40

52

Fashion

0

59

111

102

Finance Technology

0

160

237

362

Food & Beverages

0

179

365

450

Green Technology

0

128

274

310

Healthcare & Lifesciences

0

424

768

808

House-Hold Services

0

38

76

78

Human Resources

0

53

149

171

Internet of Things

0

143

265

246

IT Services

0

610

1417

1351

Marketing

0

73

243

226

Media & Entertainment

0

96

166

197

Nanotechnology

0

12

21

20

Non-Renewable Energy

0

12

27

31

Other Specialty Retailers

0

30

66

63

Pets & Animals

0

12

22

24

Professional & Commercial Services

0

190

388

400

Real Estate

0

34

80

95

Renewable Energy

0

142

292

262

Retail

0

116

241

224

Robotics

0

28

71

81

Safety

0

10

27

26

Security Solutions

0

36

87

84

Social Impact

0

37

64

73

Social Network

0

60

82

105

Sports

0

25

40

54

Technology Hardware

0

152

260

286

Telecommunication & Networking

0

53

105

83

Textiles & Apparel

0

61

100

105

Transportation & Storage

0

100

164

216

Travel & Tourism

0

72

199

211

Not Reported

505

1085

5

0

 

This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha today.

***

MM/ SB



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