{"id":1071,"date":"2026-04-06T06:42:02","date_gmt":"2026-04-06T06:42:02","guid":{"rendered":"https:\/\/materials.simplycurrentaffairs.com\/?p=1071"},"modified":"2026-04-09T06:42:11","modified_gmt":"2026-04-09T06:42:11","slug":"centre-revises-eligibility-criteria-for-start-ups","status":"publish","type":"post","link":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/2026\/04\/06\/centre-revises-eligibility-criteria-for-start-ups\/","title":{"rendered":"Centre revises eligibility criteria for start-ups"},"content":{"rendered":"\n

Centre revises eligibility criteria for start-ups<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h2>\n\n\n\n

What\u2019s\u00a0in the news?<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
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  • The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has notified a\u00a0revised framework and eligibility criteria for\u00a0recognising\u00a0entities as startups.<\/strong>\u00a0<\/li>\n\n\n\n
  • Under the new norms, a\u00a0startup<\/strong>\u00a0will now be defined as an\u00a0entity up to 10 years from incorporation\u00a0<\/strong>with\u00a0turnover not exceeding \u20b9200 crore in any\u00a0financial year.<\/strong>\u00a0\u00a0<\/li>\n\n\n\n
  • For firms\u00a0recognised\u00a0as\u00a0\u2018deep tech\u2019 startups,<\/strong>\u00a0the\u00a0eligibility window<\/strong>\u00a0has been extended to\u00a020 years<\/strong>, with the\u00a0turnover cap<\/strong>\u00a0raised to\u00a0\u20b9300 crore.\u00a0<\/strong>\u00a0<\/li>\n\n\n\n
  • The notification also\u00a0prohibits<\/strong>\u00a0a defined startup from\u00a0investing in activities that are not directly connected to its core mandate<\/strong>\u00a0of working and creating new knowledge \u2014 for instance investing in real estate or \u201cspeculative assets,\u201d or shares and securities \u2014 unless they are core to the company\u2019s knowledge production.<\/li>\n<\/ul>\n\n\n\n

    Criteria for \u2018Deep Tech\u2019 Startups<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
      \n
    • The government has also given an\u00a0official definition<\/strong>\u00a0for what constitutes a\u00a0\u2018deep tech\u2019 startup in India.\u00a0<\/strong>\u00a0<\/li>\n\n\n\n
    • A \u2018deep tech\u2019 startup is one that is\u00a0primarily concerned with producing a solution based on new knowledge\/advancements\u00a0<\/strong>in a\u00a0scientific or engineering discipline.<\/strong>\u00a0<\/li>\n\n\n\n
    • It\u00a0<\/strong>must\u00a0spend most of its money on research and development (R&D) activities<\/strong>; owns or is in the process of\u00a0creating significant novel intellectual property (IP)\u00a0<\/strong>and taking steps to\u00a0commercialise<\/strong>\u00a0the same; faces\u00a0extended development timelines<\/strong>,\u00a0long gestation periods, high capital and infrastructure requirements<\/strong>, and carries\u00a0large technical or scientific uncertainty.<\/strong>\u00a0<\/li>\n\n\n\n
    • To be counted as a deep tech startup,\u00a0companies must apply to the DPIIT\u00a0<\/strong>for a\u00a0certificate<\/strong>.\u00a0\n
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      • The\u00a0DPIIT<\/strong>\u00a0is the\u00a0final authority<\/strong>\u00a0that\u00a0determines\u00a0whether a company qualifies as a startup or a deep tech startup.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

        Inclusion of cooperative societies as eligible entities<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
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        • In another key policy change,\u00a0startup recognition eligibility<\/strong>\u00a0has now been\u00a0extended to certain cooperative enterprises\u00a0<\/strong>to support innovation-led growth at the grassroots level.\u00a0\u00a0<\/li>\n\n\n\n
        • Accordingly,\u00a0Multi-State Cooperative Societies<\/strong>\u00a0registered under the\u00a0Multi-State Cooperative Societies Act, 2002<\/strong>, as well as\u00a0Cooperative Societies<\/strong>\u00a0registered under\u00a0State and Union Territory Cooperative Acts<\/strong>, are now\u00a0eligible for startup recognition,<\/strong>\u00a0subject to fulfilment of other applicable criteria.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          Centre revises eligibility criteria for start-ups What\u2019s\u00a0in the news? Criteria for \u2018Deep Tech\u2019 Startups Inclusion of cooperative societies as eligible entities<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-1071","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1071"}],"version-history":[{"count":1,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1071\/revisions"}],"predecessor-version":[{"id":1072,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1071\/revisions\/1072"}],"wp:attachment":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}