Ministry of Skill Development and Entrepreneurship runs various skill development programs in order to create sustainable livelihood opportunity for the youth of the country in the form of long term training programs through Directorate General of Training (DGT) and short term Skill Training Programmes viz Pradhan Mantri Kaushal Vikas Yojana (PMKVY). These skill training programs have a customized entrepreneurship orientation module integrated as a section of the employability skills.  Under PMKVY, as on 15.06.2019, out of 12,11,463 skilled youth who have been linked to livelihood opportunities, more than 2 lakhs have taken up self-employment/ entrepreneurship.

Startup India is a flagship initiative of the Government of India (launched in January 2016), intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design. As on 18.06.2019, 997 startups have been recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) under Startup India initiative in Tamil Nadu. Startup India provides the following exemptions/concessions to all DPIIT recognized Startups, irrespective of States/UTs:

  1. 80% rebate on patent filing fees – 1,496 startups benefited
  2. 50% rebate on trademark filing fees – 2,761 startups benefited
  3. Income Tax Exemption under Section 80 IAC – 94 startups exempted
  4. Angel Tax Exemption under Section 56 – Intimation emails to 689 startups have been sent regarding receipt of declaration in Form 2

This Information was given by Minister of State for Skill Development and Entrepreneurship Shri Raj Kumar Singh in a written reply in Rajya Sabha today.

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