To further strengthen the startup sector in India, the central government has revised the norms of the 'Startup India' scheme. As part of this, the annual turnover limit for recognition as startups has been increased from Rs 100 crore to Rs 200 crore. This change has been made to continue providing startup benefits to more companies.

Special concessions have been given to 'Deep Tech' startups that use advanced technology. Since research and development requires more time and money, their tenure has been increased from 10 years to 20 years. In addition, their turnover limit has been fixed at Rs 300 crore.

Another important change is in the cooperative sector. Cooperative Societies will now also be considered as startups with the aim of developing agriculture and rural areas. The government said that this will help in nurturing new ideas and initiatives at the rural level.