Startup and Innovation Management

· Atal Innovation Mission (AIM):

• · Support to Training and Employment
Programme for Women (STEP): STEP was
launched by the Government of India’s
Ministry of Women and Child Development
to train women with no access to formal
skill training facilities, especially in rural
India. The Ministry of Skill Development &
Entrepreneurship and NITI Aayog recently
redrafted the Guidelines of the 30-year-old
initiative to adapt to present-day needs. The
initiative reaches out to all Indian women
above 16 years of age. The programme
imparts skills in several sectors such as
agriculture, horticulture, food processing,
handlooms, traditional crafts like
embroidery, travel and tourism, hospitality,
computer and IT services.

• Digital India: The Digital India
initiative was launched to
modernize the Indian economy to
makes all government services
available electronically. The
initiative aims to transform India
into a digitally-empowered society
and knowledge economy with
universal access to goods and
services. Given historically poor
internet penetration, this initiative
aims to make available high-speed
internet down to the grassroots.

• Biotechnology Industry
Research Assistance Council
(BIRAC): BIRAC is a not-for-
profit Public-Sector
Enterprise, set up by
Department of
Biotechnology to
strengthen and empower
emerging biotechnology
enterprises

ASEAN-India
Science,
Technology
and
Innovation
Cooperation



• · Stand-Up India: Launched in
2015, Stand-Up India seeks to
leverage institutional credit for
the benefit of India’s
underprivileged. It aims to enable
economic participation of, and
share the benefits of India’s
growth, among women
entrepreneurs, Scheduled Castes
and Scheduled Tribes



• Pradhan Mantri Kaushal Vikas
Yojana (PMKVY): A flagship
initiative of the Ministry of Skill
Development & Entrepreneurship
(MSDE), this is a Skill Certification







• · National Skill Development
Mission: Launched in July 2015,
the mission aims to build
synergies across sectors and
States in skilled industries and
initiatives. With a vision to build a
‘Skilled India’















Tax Exemptions, • Under Section 80-IAC, the Startup incorporated after April 1, 2016 is
Eligibility and eligible for getting 100% tax rebate on profit for a period of three
Incentives for years. in any of the 7 consecutive assessment year. Also, the annual
Startups in India turnover must not exceed Rs. 25 crores in any financial year in which
the deduction is claimed.

• The startups have to pay Minimum Alternate Tax [MAT] at 18.5%
along with the applicable surcharge and cess. The FM has assured to
provide MAT exemptions for the first 5 years in case the startup fails
to make any profit

• Exemptions claim against capital gains. Long-term capital gains
(LTCG) u/s 54EE will be invested in the Government’s special funds.
The investment may go up to INR 50 Lakh and to be invested within 6
months from the date of transfer of assert and the exemptions will
be applied for three years

• The domestic companies who hold turnover less than INR 5 Crore in
the FY 2014-15 will be liable for 29% tax along with surcharge and
other cess. It will be covered under the chapter VI-A

Thank You

INDUSTRIAL
ESTATES IN

INDIA

Industrial Estates

■ Industrial estate is one, which consists of well-constructed
factories that are offered to entrepreneur for establishing an
enterprise. It is normally established in the industrially backward
areas so as to minimize the regional imbalances. It provides all
infrastructural facilities such as power, transport, water and
lighting at a reasonable cost.

Definition UN ■ A planned cluster of
industrial enterprises
offering standard factory
buildings erected in
advance of demand and
variety of services and
facilities to the occupants

How are Industrial Estates Set up?

■ The area normally required for an industrial estate ranges from 15 to
60 acres. Industrial estates are owned, established, controlled and
managed by the Government.

■ The Government itself acquires the land, develops it, constructs roads
and buildings of different sizes. It also makes arrangement for the
supply of electricity and water and other facilities. The factory sheds
are generally allotted to the small entrepreneurs on hire purchase
basis.

Objectives of Industrial Estates

■ 1. To minimize congestion of industries in the cities.
■ 2. To dispense industries in different regions in order to eliminate

regional imbalances.
■ 3. To encourage small entrepreneurs to establish their industries in

specified areas by offering various incentives and other facilities.
■ 4. To create a favorable atmosphere for the healthy growth of SSI.
■ 5. To accelerate employment opportunities.

Types of Industrial Estates

■ But in India, 4 types of industrial estates have been established, the basis of which
are:

■ Type of industrial activity.
■ Sponsorship.
■ Location.
■ Co-operative industrial estates.

■ On the basis of location, industrial estates can be classified into three categories
namely,

■ Urban Estates,

■ Semi-Urban Estates, and

■ Rural industrial Estates.

■ On the basis of sponsorship, industrial estates can be classified into four types viz.,
■ Government.
■ Co-operative.
■ Municipal.
■ Private Estates.

Reasons for Poor performance of Industrial Estates in India

■ 1. Absence of Pilot Surveys
■ 2. Lack of Clear Policy
■ 3. Delays in Providing Infrastructure
■ 4. Inefficient Follow Up

■ Composite industrial estates: They comprise of a wide variety of industries. Most of
the industrial estates are of this type. For e.g. in Ambattur Industrial Estate and
Guindy Industrial Estate, Chennai, enterprises manufacturing different types of
products are located.

■ 2. Special purpose: They comprise of enterprises engaged in a specific industry such
as hosiery and knitwear (Tiruppur), machine tools (Ludhiana), handicrafts, etc.,

■ 3. Ancillary industrial estates: Ancillary industrial estates comprise of firms which
manufacture ancillary products. They are found in industries such as automobiles,
electronics, leather goods etc.

■ 4. Flatted industrial estates: They comprise multi-storeyed building where light
weight goods are produced with the help of machine tools.

Other SIPCOT
Estates SEZ
STP
Tidel Park
Industrial Cluster

SEZ in
Bangalore







Modified ■ The M-SIPS scheme provides capital subsidy of
Special 20% in SEZ and 25% subsidy in non-SEZ for
Incentive business units engaged in manufacturing of
Package electronics in the fields of the Internet of Things,
Scheme (M- aeronautics/aerospace & defence, automotive,
SIPS) renewable energy, non-renewable energy,
technology, green technology and nanotechnology.

NewGen Innovation and
Entrepreneurship Development Centre
(NewGen IEDC)

■ NewGen IEDC provides a limited one-time, non-recurring financial
assistance to entrepreneurs up to ₹25 Lakhs in the fields of
chemicals, technology hardware, healthcare & life sciences,
aeronautics/aerospace & defence, agriculture, AI (artificial
intelligence), AR/VR (augmented + virtual reality), automotive,
telecommunication & networking, computer vision, construction,
design, non-renewable energy, renewable energy, green
technology, fin-tech, Internet of Things, nanotechnology, social
impact, food & Beverages, pets & animals, textiles & apparel.

Dairy ■ Dairy Entrepreneurship Development Scheme aims
Entrepreneurship at helping entrepreneurs in the field of Agriculture,
Development pets & animals, and social impact to set up small
Scheme dairy farms and incentives are provided to cover the
cost of the required equipment or establishment of
the facility.

Single Point ■ A great scheme for Micro and Small Enterprises,
Registration that provides an exemption from payment of
Scheme Earnest Money Deposit (EMD). Under this scheme,
(SPRS) the tenders are issued free of cost.

Atal Incubation Centres (AIC)

■ AIC is a scheme for entities like higher educational institutions,
R&D institutes, corporate sector, alternative investment funds
registered with SEBI, business accelerators, group of individuals,
and individuals who can apply to establish an AIC and get grant-in-
aid of ₹10 Cr for a maximum of five years.

■Thank You