START
UP RE-DEFINED
No
doubt , you have read the definition of a Start Up in the Start Up Action Plan
document
I
have tried to envisage below, how that might look on that Mobile App for
Registration :
*
Is yours a Private Ltd Co / LLP / Partnership
?........................................... Yes / No
*
Is your Company more than 5 years old
?....................................................Yes / No
*
Is your Start Up formed by splitting an existing business
?............................ Yes / No
*
In last 5 yrs, has your turnover exceeded Rs 25 Crores
?............................. Yes / No
*
Is your product/service " DIFFERENTIATED " ?............................................
Yes / No
*
Is your product / service " COMMERCIAL "
?............................................... Yes / No
*
Is your product / service " INNOVATIVE "
?................................................ Yes / No
*
Is your product / service driven by ,
" TECHNOLOGY / INTELLECTUAL PROPERTY " ?
............................................Yes / No
*
Is your product/service ,
" NEW / SIGNIFICANTLY IMPROVED " version "
?.................... ...................... Yes / No
*
Does your product/service add " VALUE " to customers
?................................ Yes / No
*
Does your product/service add " VALUE " to " WORKFLOW "
?......................... Yes / No
*
Have you got certification from Inter-Ministerial Board
?................................ Yes / No
*
Have you got recommendation from Incubator in Post Grad Indian College
?.......Yes / No
MY
TAKE :
#
Each year 12 million persons join India's work force
#
Of these , 3.5 million are Graduates
#
Rest ( 8.5 million ) are 10th / 12th Standard pass or less
#
No more than 1,000 persons will fulfill above mentioned " Eligibility
Criteria " for Start Up
#
There will be endless debates on the correct meaning of words in CAPITAL
letters above !
WHY
SUCH STRINGENT " ELIGIBILITY CRITERIA " ?
#
At Rs 2.5 cr loan per Start Up, Govt Fund of Rs 2500 Cr can help only 1,000
Start Ups !
#
Any relaxation in " eligibility criteria " , may result in MILLIONs
of persons queue-up !
WHAT
IS THE IMPLICATION ?
#
Funds are just insufficient to help 12 million persons to become " Self
Employed "
MY
SUGGESTION :
In
India , we are talking of getting " Unemployed " to launch "
Start Ups "
Anywhere
between 100 million to 400 million " Unemployed " for whom neither
Public Sector nor Private Sector , is in any position to create jobs
We
want them to become " Self Employed " - what Shri Narendra Modi
described in USA , as our " PERSONAL SECTOR "
They
are unlikely to launch technology driven , Web-based businesses , even if their
businesses require them to have a Smart phone , on which , their customers can
reach them
They
aspire to become ( list can run into 200 trades ! ) :
*
Street-side Vendors ( Vegetables / Shoes / Purses / Fruits / Trinkets )
*
Craftsmen ( Plumber / Electrician / Carpenter / Repairer )
*
Dhobi / Barber / Pan Beedi shop-owner / Tailor / Mochi
*
Doodh-wala / Ruddi Paper-wala / Gajra-wala / Delivery Boy
*
Cook / Maid / Courier / Tuition Teacher / Beautician / Taxi Driver
*
Home-cooked Tiffin Service / Car wash / Gardening ......
How
can we help millions of JOBLESS to set up such MICRO -
BUSINESSES ?
By
Government ( Central / State / Municipal ) getting out of their way !
HOW
?
*
No licenses / permits / approvals / conditions / criteria
*
Simple online registration on proposed Web site of DIPP for Start Ups
*
No personal Income tax for individuals
*
No Corporate Income tax for Start Ups for 10 years ( no chance of profit in
first 3 years )
*
Amnesty Scheme for enabling Rs 10 million*crores of BLACK MONEY to flow into
such
Self Employment
It
is still not too late for our Policy Makers will think " Out of Box
" and implement :
www.hemenparekh.in > Blogs > A New
Economic Order - Start Up Act - 2015
Anything
less just won't make much of a difference !
------------------------------------------------------------------------------------------------------
hemen
parekh
21
Jan 2016
hemen
parekh
Marol
, Mumbai , India
(
M ) +91 - 98,67,55,08,08
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