DPIIT proposes Startup India Vision 2024; proposes tax sops for new ventures
The vision document aims at facilitating setting up of 50,000 new start-ups in the country by 2024, and creating 20 lakh direct and indirect employment opportunities.
- Agencies Startup India is the flagship initiative of the government, launched in January 2016, intends to build a strong ecosystem for the growth of startup businesses, to drive sustainable economic growth and generate employment opportunities.
- The Commerce and Industry Ministry has proposed a host of measures such as tax incentives to promote budding entrepreneurs as part of the ' Startup India Vision 2024', an official said.
- The Startup India action plan provides tax and other incentives.