Digital Indi Startup Plans Of 2016

895 Words Feb 24th, 2016 4 Pages
Digital India: Startup Plans of 2016

Start-up India is harmonious with the PM’s innovation approach when he addressed Digital India program. The Start-up India Action plan is a great start but will need continued support and evolution to make this a true, deep revolution for the future India.

Starting own business is the dream project of many individuals which is underpinned by many facilities in our country. Hundreds and thousands of business are being launched every day with a low success but a heavy failure rate. However, business owners love taking risks than to avoid a forever jump into the startup idea.
India Government is promoting Startup India plans to promote business in India

Start up India Hub

The main purpose of compliance management is based on self-certification to minimize any regulatory burden on startups. This self-certification scheme which can be completed by your handheld device only will be applied to laws like gratuity payment, labour contract, employees provident fund (EPF), Environment pollution acts that include Air and Water pollution.
India hub provide advisory service on business structuring, financing, the growth of management skills.

The enterprise as described in the action plan must be innovative which is to be examined by DIPP. Besides, it needs a recommendation from Government incubator setup. However, it is it can slow down the startup process.

Simplified business process

From this financial year ie - April 1, 2016 India…
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