Lecture 3

Unit 3
 What is Startup
• Startups are companies or ventures that are focused on a single
product or service that the founders want to bring to market.

• The term startup refers to a company in the first stages of

operations. Startups are founded by one or more entrepreneurs
who want to develop a product or service for which they
believe there is demand.
 Startup India Benefits
1. Self-Certification
2. Simple Registration Process
3. Government Contracts
4. Networking Possibilities

5. Easier Termination of Business

6. Patent Application and IPR Application

 Startup Resources
• 1. Accounting and finance
• 2. Domain and website tools
• 3. Marketing and content management
• 4. Project management
• 5. Human resources management
• 6. Legal help
• 7. Investor relationship management
 Bank loan for start up business
1. National Bank for Agriculture and Rural Development
(NABARD)
2. Credit Guarantee Scheme (CGS)
3. Pradhan Mantri Mudra Yojana (PMMY)
4. Stand Up India Scheme
5. Coir Udyami Yojana
6. Bank Credit Facilitation
7. Market Development Assistance (MDA)
 Eligibility Criteria
• Must be an Indian citizen
• Must be self-employed
• Age must be between 25-65 years
• Must have a minimum business vintage of 3 years
 Documents for startup schemes by the
government:

•Aadhaar card/passport/driving license

•PAN card
•Bank statement for the last three months

•Any business proof like a certificate of business

existence, tax filings from the previous financial year,
profit and loss statements from the last 3 years, etc.
 10,000 Startups
10,000 Startups is an initiative to scale up the startup
ecosystem in India by 10 Years. 10,000 Startups aims to
enable incubation, funding and support for 10,000
technology startups in India over the next ten years
 Export Promotion Schemes
STP:-Software Technology Parks of India was set up in 1991
as an autonomous society under the Ministry of Electronics and
Information Technology (MeitY). STPI's main objective has been
the promotion of software exports from the country. STPI acts as
'single-window in providing services to the software exporters.
 Laws for Startups
Startup India

Different laws related to startup (legalserviceindia.com)