<h1>Startup India Boosts Innovation with Simplified Compliance, Rs. 10,000 Crore Fund, and Tax Breaks for Startups Nationwide.</h1> An action plan for Startup India, launched on January 16, 2016, aims to foster innovation and support startups across the country. Key features include simplifying compliance through self-certification, a mobile app, and a portal for startups. The initiative offers legal support, fast-tracked patent examinations, relaxed public procurement norms, and expedited exit processes. Funding support includes a Rs. 10,000 crore Fund of Funds and tax exemptions. The plan encourages industry-academia partnerships, with programs like the Atal Innovation Mission and new research parks. A credit guarantee fund of Rs. 500 crore annually supports startups, aiming to expand the startup movement beyond major cities.