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Question : The Startup India scheme offers various benefits, including:

Option 1: Tax benefits and exemptions
    

Option 2: Access to funding and incubation support
    

Option 3: Simplified regulatory processes

   

Option 4: All of the above


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Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: All of the above


Solution : The correct answer is (d) All of the above.

The Startup India scheme offers a range of benefits and support to startups in India. Some of the key benefits include:

a) Tax benefits and exemptions: Startups registered under the Startup India initiative can avail various tax benefits and exemptions for a specified period. These include income tax exemptions for a certain number of years, exemption from capital gains tax, and tax benefits for investments made by eligible investors.

b) Access to funding and incubation support: The scheme provides access to funding through various channels, such as venture capital funds, angel investors, and government funding programs. It also supports startups by providing access to incubation centers, mentoring programs, and networking opportunities.

c) Simplified regulatory processes: Startup India aims to simplify and streamline regulatory processes for startups. It includes measures such as a single-window clearance system, self-certification of compliance with labor and environmental laws, and a fast-track patent examination system.

By providing these benefits, the Startup India scheme aims to create an enabling environment for startups, encourage innovation and entrepreneurship, and support the growth of the startup ecosystem in India.

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