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
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
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