Earlier, an entrepreneur had to go through an elaborate process of approaching an inter-ministerial board to procure the IPR benefits. This is one rapid change that we have brought in,” she said in New Delhi at the ‘Start-up India States’ Conference’. Under the ‘Start-up India’ action plan, the government has announced three-year tax holiday and other benefits to these entrepreneurs. To obtain tax and IPR related benefits, a start-up shall be required to be certified as an eligible business from the inter-ministerial board of certification. “Every state is working for start-ups and it’s not like these five states only are working,” Sitharaman said.

Source: Mint July 23, 2016 12:00 UTC