From providing tax exemption to start-ups to setting up a corpus fins to enable the new firm start business with ease, Prime Minister Narendra Modi unveiled an array of incentives while kick-starting his pet project: Start-Up India. Here are the top 10 take-aways from the PM's speech that cheered the start-ups in the arena.
#1 Tax exemption for start-ups for three years.
#2 Rs. 10,000 crore corpus fund to support start-ups.
#3 Capital gains tax to be exempted for venture capital investments.
#4 80% reduction in patent registration fee.
#5 Govt. to ensure 90-day window for start-ups to close businesses.
#6 Self-certification compliance for start-ups across India.
#7 No government inspection for three years for newly-formed start-ups.
#8 New scheme to provide IPR protection to start-ups and new firms.
#9 Innovation programme to start 5 lakh schools to target 10 lakh children.
#10 Government is all set to launch an app to create a platform for interaction with start-ups
