Implementation so far
List of facilitators for patent and trademark, list of incubators, list of SEBI registered funds have been notified on the website of startupindia.gov.in New category of white industries that can be exempted to follow environmental guidelines has been notified too. Mobile app and portal have been launched for facilitation of registration and other compliance procedure.
The plan proposed by the government to facilitate startup in India is a comprehensive plan and has the potential to be successful if implemented properly. However, the funding system proposed by the scheme is a bit complicated. The Government is not directly providing funds for start-ups. The fest and workshops are already being organized by various institutes. What needs to be done is to understand the core problem faced by entrepreneurs. The corruption and anti-competitive practices prevailing in the Country needs to removed for effective implementation of a plan.
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