Modi's Key Incentives: Startup 🇮🇳

  |   Tech News / PM Modi News / India News

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

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