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Startup India


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Startup India Recognition

Startup India is a pioneering initiative by the Indian Government, dedicated to fostering innovation and cultivating a robust ecosystem for startups. The primary goal is to fuel sustainable economic growth and create extensive employment opportunities within the country. This initiative is designed to empower startups to thrive by fostering innovation and strategic design.

Outlined below are the key objectives of the Startup India Movement. The comprehensive action plan is geared towards providing support to startups and achieving the following:

The startup must meet the following eligibility criteria to avail the DPIIT Certificate of Recognition:

Procedure for Obtaining DPIIT Certificate

To obtain the DPIIT certificate of recognition, follow these straightforward steps:

  1. Incorporate the Business: Begin by incorporating the business as a Private Limited Company, Partnership firm, or a Limited Liability Partnership (LLP). For assistance in this process, reach out to for seamless company registration.

  2. Register Business with the Startup India Scheme: Ensure that your business is registered under the Startup India Scheme. This registration is a prerequisite for obtaining the DPIIT certificate of recognition.

  3. Apply for Start-up Recognition: Access the Start-up India Recognition portal to initiate the registration process. Submit the necessary details and documentation to apply for recognition under the Start-up India Scheme and subsequently obtain the DPIIT Certificate of Recognition for Startups.

In the Start-up Recognition application, provide the following details:

Obtain the Startup Recognition Number

The DPIIT Certificate of Recognition for Startups is issued upon thorough examination of the submitted application and accompanying documents.

Following the ministry’s approval and the allocation of a unique startup recognition number, the startup becomes eligible for registration with tax benefits.

Benefits for DPIIT Recognized Startups

Upon obtaining the DPIIT Certificate of Recognition for Startups, the following benefits can be availed:

  1. Self-Certification: With the DPIIT Certificate of Recognition for Startups, the entity gains the privilege of self-certifying compliance under three Environmental Laws and six Labour Laws.

  2. Start-Up Patent Application: DPIIT-recognized startups enjoy the advantage of paying only 80% of the fees for Patents, trademarks, copyrights, and designs. Additionally, fast-tracking of patent applications is made available for startups.

Easier Public Procurement Norms

Streamlined Company Winding-up Process

In accordance with the Insolvency and Bankruptcy Code of 2016, a company can undergo a simplified winding-up process within 90 days of initiating insolvency proceedings.

Funds Allocation for Startups

Startups become eligible for a funds allocation of Rs. 10,000 crore from Alternative Investment Funds through the Funds of Funds initiative.

Credit Guarantee Fund

Startups can access a Credit Guarantee Fund of Rs. 2,000 crore over a span of four years, facilitated by the National Credit Guarantee Trust Company or SIDBI.

Tax Advantages

Upon obtaining the Certificate of Recognition, startups can apply for tax exemption under Section 80 IAC of the Income Tax Act. DPIIT-recognized startups are also eligible for Angel Tax Exemption. Following the approval of tax exemption, these startups are relieved from income tax obligations for three consecutive fiscal years within their first ten years since formation.

Frequently Asked Questions

BMCS India offers comprehensive business consultancy services, including strategy development, market research and analysis, financial advisory, operational optimization, and organizational transformation. We provide customized solutions to help businesses address challenges and achieve their growth objectives.

BMCS is the top most business management consultant all around the world. Our team of experienced consultants leverages industry knowledge, market insights, and proven methodologies to provide tailored solutions that align with your business goals. Whether you need assistance with market entry, strategic planning, process optimization, or talent management, we collaborate closely with you to understand your unique needs

BMCS India has expertise across various industries, including but not limited to technology, healthcare, manufacturing, retail, finance, and hospitality. Our consultants have worked with diverse clients, enabling us to understand industry-specific challenges and devise strategies that meet your sector's requirements.

To engage our services, you can reach out to us through our contact form, email, or phone. Our team will schedule an initial consultation to discuss your business objectives, challenges, and requirements. Following this consultation, we will provide a tailored proposal outlining the scope of work, deliverables, timeline, and pricing for your approval.

Absolutely! We work with businesses of all sizes, ranging from startups and small enterprises to multinational corporations. Our services are flexible and customizable to meet your specific needs, ensuring that you receive the level of support required to achieve your business objectives, irrespective of your company's size.

At BMCS India, we understand the importance of client confidentiality. We adhere to strict data protection protocols and maintain the highest level of confidentiality. Our consultants sign non-disclosure agreements, and we have robust internal systems in place to safeguard client information. Rest assured, your sensitive data is handled with the utmost care and confidentiality.

Yes, we can help your business expand internationally. Our team has experience and expertise in supporting companies with market entry strategies, feasibility studies, partner identification, and localization strategies in various global markets. We leverage our network of international partners to provide you with valuable insights and guidance throughout the expansion process.

To get started with BMCS India, simply reach out to us through our contact information on our website. We will be glad to schedule an initial consultation to understand your business requirements and discuss how our services can benefit you. From there, we will work together to develop a tailored plan to drive your business success.