The Government aims to foster entrepreneurship from rural areas and startup by providing the following support:
Startup is an entity that develops a business model based on some innovation and makes it scalable for achieving commercial success. According to Department for Promotion of Industry and Internal Trade (DPIIT), under the Union Ministry for Commerce and Industry, an entity shall be considered as a Startup upto a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company or registered as a partnership firm or a limited liability partnership in India.
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The turnover of the entity for any of the financial years since incorporation/ registration should not exceed one hundred crore rupees.The entity should be working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation. However an entity formed by splitting up or reconstruction of an existing business shall not be considered a 'Startup'. For the iStart initiative, the startup selection is sector agnostic and are focused on providing innovative solutions in social and clean-tech, mobile and information technology, Internet of Things, 'IT for X' in areas of garment and crafts, mining and SME manufacturing and services, and disruptive ideas/technologies in any sector.
With a vision to expand the outreach and impact of the growing start-up ecosystem in the state to Rural Rajasthan, the Hon’ble Chief Minister through his budget speech has announced the launch of the Rural iStart program. This program aims to ignite the spirit of entrepreneurship and innovation in rural Rajasthan, and seeks to transform agriculture and rural development in the state.
iStart has conceptualized in which innovators and startups are invited and encouraged to showcase their prototype and build on their ideas to solve problems of Rural India for its inclusive and sustainable development. All applicants will have to submit their idea on the problem statements enumerated on the portal.
Developing the culture of innovation embedded in Rural Rajasthan.
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