Funding Under Govt. Schemes for (Start-up)

1. What qualifies as a Start-up with the end goal of Government plans?

Eligibility requirements for registration as a start-up include: a start-up should be incorporated as a private limited company or registered as a partner company or a limited liability partnership Turnover should be less than INR 1 b in any of the preceding financial years An organization should be considered as a start-up up to 10 years from the date of its incorporation/registration. The start-up should work towards a start-up in any of the preceding financial years An organization created by breaking or restoring an existing undertaking shall not be deemed to be a start-up.

2. For how long an organization can be referred to as Start-up?

Up to seven years from the date of its incorporation/registration, an organization is known as a start-up. For start-up in the biotechnology industry, however, the duration is up to 10 years from the date of their incorporation/registration.

3. Who is the contact person for addressing questions regarding startups? 

The queries can be addressed to the Start-up India Hub through the following information: Toll-Free

Number: 1800115565 Email: dippstartups@nic.inin Working hours: 10:00 AM to 5:30 PM (Monday to Friday)