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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

IMPACT FACTOR (RJIF): 8.4

Vol. 8, Issue 1, Part B (2022)

Elucidation of efficacy and regulatory mechanism of start-ups in India

Elucidation of efficacy and regulatory mechanism of start-ups in India

Author(s)
Santosh Kumar and Dr. Sumita Sinku
Abstract
On January 16, 2016, the Indian government launched the Start-up India programme, which has changed the way markets, potential entrepreneurs, and investors approach start-ups. This transformation included the development of legislative initiatives aimed at fostering a start-up culture and allowing younger people to take chances with their ideas and become "job creators" rather than "job seekers." Start-up India is the government of India's flagship project aimed at creating a robust environment for nurturing innovation and start-ups in the country, which will promote long-term economic growth and create large-scale job opportunities.
The aim of this paper is to analyse the requirements for starting a business, to explain the rewards granted to entrepreneurs under the Start-up India programme, and to investigate the regulations, policies, and legal frameworks for starting a business in India. The Department for Promotion of Industry and Internal Trade (DPIIT), which is part of the Ministry of Commerce and Industry of the Government of India, is the key body in India for dealing with "start-up" issues. It can be concluded that start-ups have a long-term impact on a country's economy and living standards, such as India's. The success of the Start-up India campaign is dependent on efforts such as faster and easier company registration, self-certification for many legal criteria, three years of zero inspection, patent funding, and patent protection speed. Good legislative frameworks will increase the application and acceptability of the term "start-up" among entrepreneurs and young investors.
Pages: 99-103  |  475 Views  100 Downloads


International Journal of Applied Research
How to cite this article:
Santosh Kumar, Dr. Sumita Sinku. Elucidation of efficacy and regulatory mechanism of start-ups in India. Int J Appl Res 2022;8(1):99-103.
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