What is the DPIIT startup certificate
This is a certificate that your startup gets as a recognition of its startup by the DPIIT. With this DPIIT startup certificate, your business can access so many benefits meant for Indian startups. If you need to be in the DPIIT startup list, you can get our expert help. We will work with you throughout the process until we ensure that your business is officially recognized by the DPIIT. Your business will then be awarded a recognition certificate.
About the DPIIT startup registration
When your business applies for this certification, it will be recognized by the DPIIT. This means that you will access so many startup benefits in the country. This is in line with the startup initiative that the Indian government started in 2016. It is a scheme that comes with many benefits to enhance entrepreneurship and to promote economic growth in the country.
Things to know before applying for the DPIIT startup recognition
- Your startup has to get a DPIIT-issued certificate of recognition.
- For your startup to qualify for recognition, it must meet some requirements such as having being in existence for not more than ten years.
- Registered as an LLP or a PLC.
- Should be a startup that focuses on innovation such as creating novel products / services
- It should be a technology-driven startup that solves a problem in the society covering many sectors such as education, agriculture, food management/processing, energy, space, healthcare, etc.
- To comply with other legibility criteria.
- 10 lakhs and above financial support received from state or central startups are not considered. As per the government norms, a startup is approved to avail seed funds through grants and debt / convertible debentures.
- The eligibility criteria for various government schemes, incubator programs, or funding opportunities may focus on factors such as innovation, turnover, business model, and growth potential rather than specific shareholding percentages.
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Who is not qualified for this startup?
- If your startup has been operating for over ten years
- Your startup is not eligible if its yearly turnover is above 100 crores
- Not open for real estate startups and non-profit organizations.
- Startups that do not have any clear innovative products or services
- Startups that are one-man businesses are not eligible for this certificate
- Notary partnerships will not be recognized under this scheme
What is the importance of a DPIIT startup certificate for small businesses
- Will be three years tax exempted from paying taxes within their first ten years of business.
- Recognized startups will be more visible and credible to attract seed funding or investments.
- Access to many new government schemes
- Access to many financial instruments, aids, and supports.
- Startups have easy access to government contracts and business deals.
- Provides clear access to many resources in the industry and various business sectors.
- Under this scheme, eligible businesses can get credit from various lenders, such as scheduled commercial banks, non-banking financial institutions (NBFCs), agricultural banks, Regional Village (RRB), and Small Finance Banks, for amounts ranging from INR 10 Lakhs to INR 50 Lakhs. (SFBB). Working capital loans, as well as term loans, are included in the program.
- Startup certificate means fast approvals for patents and trademarks.
The DPIIT startup registration process
The process of getting a certificate of recognition from the DPIIT is simple and straightforward. It can be challenging without professional support. This is where you need our services to get your certificate without any hassles. The process of the registration process is as follows:
Get all the necessary documents ready
- We will help you submit all documents after assessing them.
- We will apply for the startup certificate to the DPIIT
- Get your startup certificate approved faster with our help
Get your DPIIT startup recognition now
This is all you need to know about getting your startup certificate of recognition from the DPIIT. This means that you can now enjoy all the benefits of having this certificate. With our expert help, you can easily get your DPIIT startup recognition.
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Frequently Asked Questions
The business has to meet various requirements to be recognized by the DPIIT. There is an award of a document to prove this recognition.
These include the company should be less than ten years. It should have below Rs.100 crore in annual turnover. And lastly, it should be PLC, LLP, or partnership.
A startup can never be formed from an existing business. A startup must be a new and original business to be called a startup.
A startup should develop or improve a product or service that have a high potential for employment and wealth generation. This is necessary in order to be considered as a startup.
It is important to register form this scheme. This registration comes with a lot of benefits like tax exemptions, Funding and more.
To make the process easy and fast, you have to go through a registered consultant for this. We make sure that the DPIIT quickly approves your registration.
The duration of this process takes just a few days. With our support, it usually takes fewer days than normal.
We support all our clients throughout the entire phase. Throughout the DPIIT registration process, you will get 100% support from our agency.