Start-ups Action Plan: Highlights

Following are major policy highlights of Start-ups Action Plan Prime Minister Narendra Modi unveiled on Saturday in New Delhi while launching the ambitious 'Startup India' campaign to boost digital entrepreneurship at the grass-root level: * Income Tax exemption for first three years * Tax exemption on capital gains * No inspection of start-ups for three years on labour and environment law compliance post-self certification. * No interference from government * Compliance regime based on self-certification * Single point of contact for Start-up India hub * Corpus of Rs.10,000 crore through Fund of Funds * 80 percent rebate in patent costs * Norms to be relaxed for public procurements * Faster patent registration and protection for IPRs * Faster exit through a new bankruptcy law * Mobile app will be launched to register start-up in a day * Atal Innovation Mission to give impetus to innovation and encourage talent.