Revision of eligibility criteria for definition of recognized Startups
The definition of a startup entity has now been expanded to include multi‑state cooperative societies and cooperative societies registered under their respective Acts, in addition to the earlier categories of private companies, partnership firms and LLPs. The eligibility period for being considered a startup remains unchanged at 10 years from the date of incorporation or registration. The turnover threshold has been enhanced from ₹100 crore to ₹200 crore. A new category, the Deep Tech Startup, has been introduced which is eligible for recognition for up to 20 years, with an increased turnover limit of ₹300 crore. Further, applications for startup recognition can now be submitted only through the DPIIT portal. DPIIT – Eligibility of start up