The startup from Atmanirbhar is the most successful effort of the Government of India to create a platform for the growth and development of MSME startups. The Indian government is promoting and supporting new startups by funding. The benefits that people are getting from the government are extensive, so more and more people are beginning their startups. There are many benefits that the government is providing to new entrepreneurs who are setting up their startups to stimulate the growth of the Indian economy. Many young entrepreneurs are developing their creative ideas and trying to turn that idea into an economic business model. To promote young people to take part in this process, the government has announced many important benefits for a startup from Atmanirbhar. The benefits include an easier method to file and register your startup and other supports like tax deductions.
In this article, we will know about the benefits of startups from Atmanirbhar.
1. Simple to register new startups with Atmanirbhar
The biggest problem with the Indian startup registration systems is its slow process. Sometimes it takes so much time that you become more irritated to complete some paperwork on all policies. Therefore the Indian government has resolved the problem by making the whole process simpler and more accessible.
To prevent the young generation from getting tired of the system, the government took this step. You can now enter into a startup from Atmanirbhar with the help of your phone also. You just need to submit the required documents and you are set to start your business. The government has made the entire process online. If you have a smartphone with an internet connection then you can register your startup quickly.
2. Price reduction for the new startup from Aatmnirbhar
Many times it requires a certain amount to file for a license or grant which many MSMEs cannot afford. To make the process effective for everyone, the government has reduced the fees to start a new startup by 80%.
The government has now made a list of all the licenses and brand facilitators to stimulate the process of Intellectual Property Rights Services.
Any startup will now have to pay legal fees to the government after the reduced fee structure and they will try to regulate the fee structure of the facilitator.
3. Investors can now save more money
Investors now do not need to worry about investing in such startups as they are exempted from all types of tax payments. The tax reduction will benefit not only the new startup companies but also the investors.
This program has reached many investors to invest heavily in projects that certainly contains a spark of opportunity. You just need to find the right investor if you believe your idea is good enough to make a reasonable investment in your company.
4. Set up of new R&D Facilities
The government has agreed to develop several R&D facilities to solve the issue of the infrastructure of a new startup. There are very few facilities in contrast to the new startup infrastructure in the country.
Now the simple process of registration of a startup will result in the improvement of the infrastructure. It will not only save a lot of time but also plenty of money. Startups can self-certify their business through a mobile directly.
5. Opportunity to learn through entrepreneurs
The government has always intended to operate new startup meetings to ensure that you can meet with new entrepreneurs and work on various plans. It also offers you an opportunity to form new partnerships to help to develop a better quality of a product. This project is not only about attracting new entrepreneurs but forcing them to stay in their startup. The government has also prepared an easy exit plan that will allow any startup to exit from any scheme if it is not relevant for them.
To stimulate the development process of the new startups through the Startup from Aatmanirbhar, PM Narendra Modi and his team of experts have announced many initiatives to promote financially through banks. They are trying their best to make the integration of startups an easy process for everyone.