Lok Sabha Question No. 1387 (UNSTARRED), answered on 2019-11-27
Subject: Registered Start-ups
Ministry: COMMERCE AND INDUSTRY
Asked by: P.P. Chaudhary, Hibi Eden

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 1387.

TO BE ANSWERED ON WEDNESDAY, THE 27 TH  NOVEMBER, 2019.

## REGISTERED START-UPS

## 1387. SHRI P.P. CHAUDHARY: SHRI HIBI EDEN:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

वाणिज्य

## एवं उद्योग मंत्री

- (a) the number of start-ups that have been registered since 2014;
- (b) the top five sectors in which the maximum number of start-ups have been opened since 2014;
- (c) whether  any  support  has  been  provided  by  the  Government  to  these  start-ups including any special package to them to raise foreign venture capital;
- (d) if so, the details thereof and if not, the reasons therefor;
- (e) the  details  of  the  top  five  States  where  the  maximum  number  of  start-ups  have opened since 2014 along with the data in this regard;
- (f) whether  the  Government  is  considering  to  give  relaxation  period  of  five  years  to obtain all licenses and NOCs for the MSME start-ups units;  and
- (g) if so, the details thereof?

## ANSWER वाणिज ् य एवं उद्योग मंत्री ( श्री पीयूष गोयल ) THE MINISTER OF COMMERCE & INDUSTRY (SHRI  PIYUSH GOYAL)

- (a): The  Startup  India  Action  Plan  was  launched  on  16 th January,  2016.  The recognition of start-ups commenced after launch of the Action Plan.  As on 21 st November  2019,  a  total  of  24,940  startups  have  been  recognized  by Department for Promotion of Industry and Internal Trade (DPIIT).
- (b): The  top  five  sectors  in  which  maximum  number  of  start-ups  have  been recognized by DPIIT since launch of the initiative are as under:
- (c) & (d): Startups recognized by DPIIT are eligible for following incentives:
- i) Self-Certification under 6 Labour Laws & 3 Environmental Laws
- ii) Relaxations in Public Procurement Norms
- iii) Faster exit under the Bankruptcy Code
- iv) Rebates on Patent & Trademark filing fees, support from facilitators and expedited examination of Patent application
- v) Income Tax exemption under Section 80 IAC of Income Tax Act
- vi) Exemption  from  Income  Tax  on  investments  received  above  fair market  valueunder  clause  (ii)  of  the  proviso  to  clause  (viib)  of  subsection (2) of section 56 of the Income Tax Act
- vii) Funding support under the Fund of Funds for startups
- viii) Guidance and facilitation support from Startup India Hub

|   Sr. No. | Sector                             |   Number of startups recognized by DPIIT in each sector as on 21 st November 2019 |
|-----------|------------------------------------|-----------------------------------------------------------------------------------|
|         1 | IT Services                        |                                                                              3443 |
|         2 | Healthcare & Lifesciences          |                                                                              2063 |
|         3 | Education                          |                                                                              1766 |
|         4 | Food & Beverages                   |                                                                              1009 |
|         5 | Professional & Commercial Services |                                                                               998 |

Further,  to  attract  foreign  investments  in  the  country,  and  showcase  its diverse  market  and  transformative  technology  innovations  to  the  Investors across the world,  DPIIT organized  the  Startup  India  Global  Venture  Capital Summit on 6 th and 7 th December  2018, bringing together over 250 participants from over 20 countries across the globe.

DPIIT  is  organizing  the  2 nd edition  of  Global  Venture  Capital  Summit  at  7 th December 2019 in Goa in association with Government of Goa.

- (e): The top five States from where the maximum number of start-ups have been recognized by DPIIT since the launch of the initiative are as under:
- (f): No, Sir.  There is no such proposal under consideration of DPIIT.
- (g): Does not arise.

|   Sr. No. | States        |   Number of startups recognized by DPIIT in each State on 21 st November 2019 |
|-----------|---------------|-------------------------------------------------------------------------------|
|         1 | Maharashtra   |                                                                          4729 |
|         2 | Karnataka     |                                                                          3612 |
|         3 | Delhi         |                                                                          3219 |
|         4 | Uttar Pradesh |                                                                          1991 |
|         5 | Haryana       |                                                                          1403 |

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