Start Up India Scheme which aims at developing an ecosystem that promotes and nurtures entrepreneurship across the country was launched in ______.
Answer & explanation
Correct answer: option 1
The correct answer is Option1 - 2016
The Startup India Scheme, launched on January 16th, 2016, is a flagship initiative by the Indian government to foster a strong ecosystem for startups in the country.
The scheme offers various benefits to startups, including:
Self-certification: Reduced regulatory burden by allowing startups to self-certify compliance with certain labor and environmental laws.
Faster patent processing: Expedited patent applications to protect intellectual property more efficiently.
Tax exemptions: Tax benefits on profits for a specific period.
Easier funding: Initiatives to connect startups with investors and make it easier to access funding.