Department for Promotion of Industry and Internal Trade (DPIIT)
The Department for Promotion of Industry and Internal Trade (DPIIT) was established in the year 1995 and was reconstituted in the year 2000 with the merger of the Department of Industrial Development. Earlier, separate Ministries of Small Scale Industries & Agro and Rural Industries (SI &A& RI) and Heavy Industries and Public Enterprises (HI&PE) were created in October, 1999. The department was earlier called Department of Industrial Policy & Promotion and was renamed as DPIIT in January, 2019.
In 2018, matters related to e-commerce were transferred to the Department and in 2019, the Department has been given charge for matters related to Internal Trade, welfare of traders and their employees and Startups. The role of DPIIT is to promote/accelerate industrial development of the country by facilitating investment in new and upcoming technology, foreign direct investment and support balanced development of industries.
Start-up India
Startup India is a flagship initiative of the Government of India, intended to catalyze startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. The Startup India Action Plan was launched on 16th January, 2016 with the objective of supporting entrepreneurs, building up a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. DPIIT acts as the nodal Department for coordinating the efforts of all central governmental departments and state governments in carrying this plan forward.
DPIIT Recognition
Under the Startup India initiative, eligible companies can get recognised as Startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more. Learn more about eligibility and benefits below.
Our Three Step Simple Process
Online DPIIT Recognition in three simple steps
Call us up, and speak to our Service Executive
Fill in some basic information and details as per the government requirements
Seedup shall ensure completion, hand holding you the entire way
Benefits of DPIIT Recognition
80 IAC Tax exemption
Tax Exemption under Section 56 of the Income Tax Act (Angel Tax)
Self-certification and no inspection for three years.
Concession in Trademark filings fees
Preference in Government tenders
Funding Support by government
Eligibility Criteria for DPIIT Recognition
Company Age: Period of existence and operations should not be exceeding 10 years from the Date of Incorporation
Company Type: Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership
Annual Turnover: Should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its Incorporation
Original Entity: Entity should not have been formed by splitting up or reconstructing an already existing business
Innovative & Scalable: Should work towards development or improvement of a product, process or service and/or have scalable business model with high potential for creation of wealth & employment
Steps For DPIIT Recognition
Step 1· Basic Consultancy on DPIIT Recognition. Collection of necessary information and documents. Creation of Login credentials on the online portal
Step 2· Preparation of online application. Share documents for Applicant’s Signature, if required. Filing application for registration using credentials
Step 3· AIterations, If any DPIIT Recognition Certificate.