Modi's Key Incentives: Startup 🇮🇳
Modi has wrapped up his address at the Startup 🇮🇳India event and here are his key announcements to benefit the 🇮🇳 startup scene:
• To ensure compliance for 9 key labour and environmental laws, startups will be able to self-certify
• Startups will enjoy a 3 year 'holiday' exempting them from labour and environment law compliance
• The fee for filing patents will be reduced by 80% for startup businesses
• A dedicated fund with ₹10,000 crore created for funding of start-ups
• Three-year income tax holiday for startups
• Venture Capital investments to be exempted from capital gains tax