Startup Vision 2024: Govt proposes 50,000 new businesses, Rs 1,000 crore fund, major tax sops and more
24 April 2019 6:30 PM GMT
The Department for Promotion of Industry and Internal Trade (DPIIT) today announced a slew of measures to enable startups? overall growth through its ?Startup India Vision 2024? document.
- The document proposed to exempt all investments by alternative investment funds from angel tax.
- The Indian startup ecosystem is in for a major boost by the government as the Department for Promotion of Industry and Internal Trade (DPIIT) today announced a slew of measures to enable startups' overall growth through its 'Startup India Vision 2024' document.
- The department is looking to facilitate the launch of 50,000 new startups by 2024 and generate 20 lakh direct and indirect jobs, PTI reported citing an official.
- Among the other measures proposed by DPIIT included launching 500 new incubators and accelerators, 100 innovation zones in urban local bodies and making seven research parks operational to support innovative startups.
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