The Startup India Certificate offers several key benefits to eligible startups in India:
- Tax Exemptions: Startups can avail of income tax exemption for three consecutive years and exemption from capital gains tax.
- Simplified Compliance: Easier compliance processes for labor and environmental laws.
- IPR Benefits: Fast-tracked patent application and significant rebates on patent and trademark filing fees.
- Easier Funding Access: Access to the Fund of Funds with a corpus of ₹10,000 crore managed by SIDBI.
- Self-Certification: Simplified procedures for company registration and compliance.
- Government Tenders: Eligibility to bid for government contracts without prior experience or turnover criteria.
These benefits aim to support innovation, reduce regulatory burdens, and boost entrepreneurship in India.