Startup India Loan Eligibility - Startups can apply for recognition under the Startup India initiative by meeting certain criteria such as incorporation as a private limited company, partnership firm, or LLP
Age of Startup - The startup should be less than ten years old from the incorporation date.
Annual Turnover Limit - The startup's annual turnover should not exceed INR 100 crores (approx. $14 million) for any previous financial year.
The startup should aim to develop or innovate new products, services, or processes with significant commercial or social impact. The business model should be scalable and capable of generating employment or wealth creation.
Startups must self-certify their eligibility and provide supporting documents as proof, such as incorporation certificates, audited financial statements, etc.
The startup should not have been formed by splitting up or reconstructing an existing business. The business should not be engaged in activities prohibited by the government or regulatory authorities.
Startup India loans financially support eligible startups, aiding their growth and development. You can visit the official Startup India website for more detailed information and the application process.