- Simplification and Handholding:
- Action plan pillar for startups.
- Reduced compliances and decriminalized legal provisions (Jan Vishwas Bill).
- Introduction of “Udyam Registration Number” for MSMEs (which can include startups).
- Funding Support and Incentives:
- Inclusion of startups under Priority Sector Lending.
- Tax holiday for 3 consecutive financial years.
- Industry-Academia Partnership and Incubation:
- Atal Innovation Mission to foster innovation ecosystem.
- National Single Window System (NSWS): Digital platform for approvals.
- These measures aim to reduce bureaucratic hurdles and ease business operations.