Department of Industrial policy and promotion was set up in 1995. It is operational under Ministry of Commerce and Industry, Government of India. The department takes care policy formulation and implementation of the promotional and development measures for industrial sector growth.This department is also responsible for the intellectual property rights and other initiatives regarding their promotion and protection.
Recognition of a startup shall be up to 7 years starting from the date of incorporation. Secondly, a startup must not exceed the threshold of 25 crores. Remember once your startup ceases to be eligible, you should intimate this to DIPP within the period of 21 days.
Startups registration about 15 working days.
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