Government Enhances Startup Recognition Framework in India
The Ministry of Commerce & Industry of India has revised the startup recognition framework to strengthen the Startup India Action Plan. Key changes include raising the turnover limit for recognition as a startup from ₹100 crore to ₹200 crore. A new category for Deep Tech Startups has been introduced, with the age limit extended to 20 years and the turnover limit set at ₹300 crore. Additionally, cooperative societies are now included as eligible entities for startup recognition, promoting innovation at the grassroots level.
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