PM Modi Unveils Package for Startups: Tax Holiday, 1000 Cr Fund & more

Prime Minister Narendra Modi has officially launched Government Start-up India movement. Start-Up India meeting is being attended by CEOs of top start-ups and over 150 budding entrepreneurs.

Speaking at the event Prime Minister Narendra Modi said that I had spoken about Startup India from the Red Fort and today we are seeing what this is about.

He said that those who start with primary objective of making money rarely succeed adding Success of entrepreneurs depends on their ability to take risk.

He also said that minimum Government and maximum governance is what #Startup India is all about.

The launch event is aimed at celebrating the entrepreneurship spirit of country's youth, and was attended by CEOs and founders of top start-ups from across the country and abroad.

Union Commerce and Industry Minister Nirmala Sitharaman said that the Government is working to make it easier for the budding entrepreneurs to start a business or exit from it, giving boost to the Indian startup ecosystem.

She was addressing the launch of Start-Up India programme

"I understand that starting a startup is as much important as somebody wants to exit from it. The government is working to make the exit also (easy)," Sitharaman said at the 'Startup India' conference.

"I am sure with these (measures), we will be doing the right thing for the startups so that they stay here in India "and not look at having a domicile somewhere else," said the Minister

"We have to see how best we can remove the clutter in such a way that your (startups) core business interest are the ones in which you are going to focus rather than think about what compliance have to be attended to," she added.