Despite having raised good investments, many start-ups struggle to survive the tough competition in the market and are eventually forced to shut down their businesses.
The Start-up India Action Plan, which is the layout that the Indian Government plans for Start-ups, is designed to ease the burden for start-ups and provide them many benefits besides a business conducive environment. However, the plan is vulnerable to many challenges such as –
Raising of funds which the Government plans to provide for Start-ups.
Co-operation from the State Governments, as the Central Government alone cannot execute the plan and hence, will require co-operation from the State Governments.
Co-operation from banks and other lenders for providing debt funding to the Start-ups.
Lack of manpower and infrastructure in the office of Controller General of Patents Designs and Trade Mark.
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