Lok Sabha Question No. 129 (STARRED), answered on 2019-11-27
Subject: Startup India  Scheme
Ministry: COMMERCE AND INDUSTRY
Asked by: Naba (Hira) Kumar Sarania

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

## LOK SABHA

STARRED QUESTION NO. 129. TO BE ANSWERED ON WEDNESDAY, THE 27 TH  NOVEMBER, 2019.

## STARTUP INDIA SCHEME

## *129.  SHRI NABA KUMAR SARANIA:

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

वाणिज्य

## एवं उद्योग मंत्री

- (a) whether the 'Startup India' scheme of the Government has been implemented in Assam also;
- (b) if  so,  the  details  thereof  along  with  the  number  of  beneficiaries  thereunder during the last three years;
- (c) the details of the criteria laid down/ fixed for availing benefits under the said scheme; and
- (d) whether  there  are  any  special  provisions  for  the  General  Category,  Other Backward Classes and Minority Community under the said scheme and if so, the details thereof?

## ANSWER वाणिज ् य एवं उद्योग मंत्री श्री पीयूष गोयल

## ( ) THE MINISTER OF COMMERCE & INDUSTRY (SHRI  PIYUSH GOYAL)

- (a) to (d): A Statement is laid on the Table of the House.
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## STATEMENT REFERRED TO IN REPLY TO LOK SABHA STARRED QUESTION NO. 129 FOR ANSWER ON 27 TH  NOVEMBER, 2019.

- (a) & (b): Yes,  Sir.  Startup  India  initiative  has  been  implemented  in  all  States/Union Territories  of  India  including  Assam.  Under  Startup  India  initiative,  startups recognized by Department for Promotion of Industry and Internal Trade (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 value under clause (ii) of the proviso to clause (viib) of sub-section (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

A  total  of  174  startups  from  Assam  have  been  recognised  by  DPIIT.    The year-wise  breakup  of  the  number  of  startups  from  Assam  recognized  by DPIIT is as under:

| Sr. No.   | Year   |   Startup recognized from Assam during each year |
|-----------|--------|--------------------------------------------------|
| 1         | 2016   |                                               10 |
| 2         | 2017   |                                               35 |
| 3         | 2018   |                                               68 |
| 4         | 2019   |                                               61 |
|           | Total  |                                              174 |

Further,  7  Startups  from  Assam  have  sent  intimation  emails  in  2019 regarding receipt of declaration under form 2 for exemption from Income Tax on investments received above fair market value under Section 56 (2) (viib) of the IT Act.

- (c): Under Startup India initiative, an entity is considered a 'Startup' if:
-  it  is  incorporated  as  either  Private  Limited  Company  or  Registered Partnership Firm or Limited Liability Partnership. A sole proprietorship or a public limited company is not eligible as startup
-  its  turnover  for  any  of  the  financial  years  has  not  exceeded  INR 100 crore
-  it  is  working  towards  innovation,  development  or  improvement  of products or processes or services, or if it is a scalable business model
- with a high potential of employment generation or wealth creation  it  has not been formed by splitting up or reconstruction of a business already in existence.  it is up to 10 years from the date of its incorporation/ registration There are no special provisions for the General Category, Other Backward
- (d): Classes and Minority Community under Startup India initiative.
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