Launched in 2016, the 'Start-Up India' program aims to encourage entrepreneurship by simplifying the process of starting a business, offering financial support through banks, and providing tax benefits.

This initiative also seeks to foster economic growth by creating new jobs and developing markets. To date, over 140,000 startups have been accredited.

Eligibility Criteria for Start-Up Companies:

• The company must be registered within the last 10 years.
• Annual production value should not exceed ₹100 crores.
• The company should be engaged in innovation, development, or improvement of products or services.
• It should have the potential to generate significant employment.
• It should not be a spin-off or restructuring of an existing company.

Registration Process:

• Register the company as either a Public Limited or Private Limited company.
• Complete the registration on the official Start-Up India website, www.startupindia.gov.in, by filling in the company details and uploading the necessary documents.
• Obtain the necessary authorization to receive tax incentives.

Seed Fund Scheme
The Seed Fund scheme provides financial assistance to start-ups based on their potential for business development, market opportunities, and commercialization. The documents of the companies applying for this scheme are verified, and the funding amount is allocated accordingly. An expert advisory panel determines which startups qualify for funding.

Application Process:
You can apply for the Seed Fund scheme through the website https://seedfund.startupindia.gov.in.