Expectations from Start up India
Expectations from Start Up India Mission
1. This initiative should solve a number of common issues that start-ups have
2. It should create national and local city level frameworks that act as a one stop help for all information/registration/clearance for the start-ups
3. This initiative should enable entrepreneurs to easily report inefficiencies and corruption and make the whole business ecosystem more effective
4. It should help in removing poverty to a great extent in urban and semi urban areas by creating lots of jobs
5. It should encourage people to innovate and start their own business
6. It should help people to easily get feedback on how they should go about building a business in their sector and their market
7. It should enable start-ups to easily find partners, vendors, initial pilot customers etc.
8. It should touch and enable the grass root entrepreneur and not just the start-ups that need millions of dollars of funding
9. It should make access to funding and loans much easier and faster than it is today
10. It should enable start-ups with protection mechanism against bad business practices by private and Government organizations like payment delays or defaults
11. Online and On-ground Communities for start-ups and entrepreneurship should be established in every town of India
12. The mission should enable start-ups with access to credit facilities at cheaper rates
13. CGTMSE scheme should not just be advertised outside banks but should exist in practicality
14. Entrepreneurs setting up businesses in remote and undeveloped locations should be given tax sops and other incentives
15. The mission should provide a list of Industrial/IT sites available for start-ups in every state along with benefits offered.
16. It should create entrepreneur service centre in every town of India thereby enabling single window clearance, registration and filing for entrepreneurs
17. It should provide a 2 year tax and filing moratorium from business start-up /registration date to all entrepreneurs. more