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• Patent registration scheme under this initiative significantly reduces
making it easy for entrepreneurs to patent their products
• This scheme offers 3 year tax holiday for entrepreneurs.
• There will be no capital gain tax on the personal property sold to startup a
firm.
• 35 new incubators and 31 innovation hubs will be developed at national
institutes.
• There will be special innovation programs in around 5 lakh schools to
promote this scheme.
• There will be a panel of legal supporters to provide hassle free filing of
patent application.
• This scheme also supports Atal innovation mission under which, support
will be provided to youth to encourage innovation and use talent for
producing something creative.

Conclusion: Startup India is a very empowering and strengthening initiative for
entrepreneurs. This scheme launched by Narendra Modi is advantageous for
entrepreneurs looking for funding and other governmental support. Through this
scheme, not only entrepreneurs, but school students and graduates will get
benefited. The government, banks, educational institutes are contributors of this
empowering scheme that is aimed to promote India as a startup hub around the
globe.

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