Colgate-Palmolive (India) Limited is a leading name in personal care, oral hygiene, and pet food. With a rich history dating back to 1806, the company has continuously innovated to provide high-quality consumer products. Headquartered in New York, Colgate-Palmolive operates worldwide, serving millions with trusted brands. In 2024, the company recorded a revenue increase to $20.1 […]
Marico Limited is a renowned Indian multinational company specializing in personal care, skin care, and convenience food products. Founded on April 2, 1990, by Harsh Mariwala, the company is headquartered in Santacruz, Mumbai, Maharashtra. With a strong global presence, Marico has built an extensive portfolio, including brands like Saffola, Set Wet, and Kaya Limited. In […]
Tata Consumer Products, part of the Tata Group, is a leading name in the fast-moving consumer goods (FMCG) sector. Formerly known as Tata Tea and Tata Global Beverages, the company has expanded into global markets with brands like Tetley, Eight O’Clock Coffee, and Tata Starbucks (50% JV). Headquartered in Kolkata, India, Tata Consumer reported a […]
Procter & Gamble (P&G) is a global leader in consumer goods, delivering high-quality household and personal care products. Founded in 1837 by William Procter and James Gamble, the company has grown into a multinational powerhouse with brands like Tide, Pampers, and Gillette. With headquarters in Cincinnati, Ohio, P&G operates in over 180 countries, serving millions […]
Godrej Consumer Products Limited (GCPL) is a top player in India’s consumer goods industry. Founded in 2001, GCPL specializes in cleaning agents, personal care, and skincare products. Headquartered in Mumbai, it operates under the Godrej Group, delivering high-quality and innovative solutions. With a revenue of ₹14,365 crore in 2024, GCPL continues to grow and expand […]
Nestlé India Ltd. is a leading food processing company with a strong presence in India. Established in 1959, it has revolutionized the food industry with iconic brands like Maggi, Nescafé, and KitKat. With headquarters in Gurgaon, it serves millions of consumers across India. The company has shown significant financial growth, with a revenue of ₹19,247 […]
Britannia Industries, founded in 1892, is one of India’s most trusted food processing companies. Known for its bakery and dairy products, Britannia offers popular items like biscuits, bread, cakes, and dairy essentials such as butter and cheese. With headquarters in Kolkata, the company operates worldwide, ensuring quality and taste in every bite. Britannia reported a […]
ITC Limited operates in a wide range of industries, including packaged foods, personal care products, education and stationery, incense sticks and safety matches, cigarettes and cigars, paperboards and specialty papers, packaging, agriculture, and information technology. ITC Limited Company Details Attribute Details Former Names Imperial Tobacco Company of India Limited (1910–1970) India Tobacco Company Limited (1970–1974) […]
Varun Beverages Limited (VBL) is one of the largest franchise bottlers of PepsiCo beverages globally. Founded in 1995 and headquartered in Gurgaon, Haryana, the company operates in India and multiple international markets, including Nepal, Sri Lanka, and various African nations. A subsidiary of RJ Corp, VBL manufactures and distributes carbonated soft drinks, non-carbonated beverages, and […]
Hindustan Unilever Limited (HUL) is India’s leading fast-moving consumer goods (FMCG) company, headquartered in Mumbai, Maharashtra. Established in 1933, HUL is a subsidiary of Unilever, holding a 61.90% stake. The company operates across various sectors, including foods, beverages, personal care, home care, and health supplements. Its popular brands include Lux, Surf Excel, Dove, Horlicks, and […]
The entrepreneurial scenario in India has changed over the last decade. The Indian government is supporting innovation through its Startup India initiative, creating employment opportunities and accelerating economic growth. In this blog, let's discuss Startup India, including its objectives, benefits, and eligibility criteria; also, know how to get a startup registered under this initiative.
A startup is the early stage of a company that is formed to develop a unique product or service, introduce it into the market, and scale it to make substantial revenues. Startups are an important part of innovation, job creation, and diversification in the economy. In India, startups play a critical role in driving technology adoption and solving complex challenges in areas such as healthcare, education, and financial inclusion.
Startup India is one of the flagship initiatives of the Government of India, launched on January 16, 2016. It aims to build a robust ecosystem that nurtures innovation and startups across the country. The idea is to give an impetus to economic growth and employment generation in a substantial way. Startup India seeks to encourage entrepreneurship by giving a boost to innovation and design, thus leading to the growth and success of the startup ecosystem.
Standup India Scheme Standup India scheme was announced on April 5, 2016, to finance new enterprises, to boost the entrepreneurship culture in India. The program ensures the availability of loans through the Scheduled Commercial Banks (SCBs), between ₹10 lakh and ₹1 crore to at least one member of the Scheduled Caste (SC) and Scheduled Tribe (ST), and at least one woman, per bank branch. The support in this new scheme is granted to businesses in the trading, services, or manufacturing sectors. This will supposedly help about 250,000 borrowers.
If you want to get funding through the Start-up India scheme, you need to meet certain eligibility requirements. Knowing these requirements well will help you successfully go through the application process.
Here are the requirements:
Step 1: Start Your Business
The first step in starting your business is to choose a legal structure, such as a Private Limited Company, Partnership, or Limited Liability Partnership (LLP). You will need to complete the standard registration process, which involves submitting an application and obtaining a Certificate of Incorporation or Partnership registration.
Step 2: Register with Startup India
Once you have created your business, the next step is to register it as a startup. This process is straightforward and can be completed online. First, visit the Startup India website and click the 'Register' button. Enter your name, email address, and mobile number, then create a password and click 'Register.' You will receive a One-Time Password (OTP) in your email. Enter this OTP and provide additional information, such as your user type, business name, and the stage of your startup. Finally, click 'Submit' to create your Startup India profile. Completing this registration will help your business be recognized as a startup under the Startup India scheme, granting you access to various benefits and support.
Step 3: Obtain DPIIT Recognition
After creating your profile on the Startup India website, the next step is obtaining recognition from the Department for Promotion of Industry and Internal Trade (DPIIT). This recognition provides benefits such as quality intellectual property services, relaxed public procurement rules, self-certification for labour and environmental laws, simplified winding-up procedures, access to the Fund of Funds, and tax exemptions for three years.
Step 4: Submit the Documents for Registration
Step 5: Self-Certification of Eligibility Conditions
Step 6: Obtain Your Recognition Number
When applying for registration, you will receive your recognition number immediately. The authority will send you the certificate of registration or incorporation after reviewing your uploaded documents. Ensure that you upload accurate information to avoid errors, as mistakes can lead to fines of up to 50% of your paid-up capital or a minimum of Rs. 25,000. By fulfilling the eligibility and registration requirements, your company can participate in the Startup India scheme and enjoy various benefits provided by the government.
The Startup India initiative has revolutionized the entrepreneurial landscape in India by offering financial, regulatory, and infrastructural support. If you’re an entrepreneur with an innovative idea, registering under this program can unlock numerous opportunities for growth and success. Begin your startup journey today and contribute to India’s transformation into a global hub for innovation.
Q1. What is the aim of the Startup India initiative?
Ans: Startup India aims to promote entrepreneurship, support innovation, and create a robust startup ecosystem in India.
Q2. How long does it take to register under Startup India?
Ans: The registration process typically takes 2–3 weeks, depending on document verification.
Q3. Are there any fees for registering under Startup India?
Ans: No, the registration process under the Startup India initiative is free of cost.
Q4. Can a sole proprietorship register under Startup India?
Ans: No, only Private Limited Companies, LLPs, and Partnership Firms are eligible to register.
Q5. What are the tax benefits available to startups?
Ans: Startups can avail of income tax exemptions for three consecutive years and exemptions on long-term capital gains.
Q6. Is the Startup India initiative open to foreign startups?
Ans: No, the initiative is exclusively for startups registered and operating in India.