How Can I Start A Startup With No Money In India?

How much does it cost to start a startup in India?

How much does it cost to startup a basic eCommerce company in India?ItemHow much will it cost?Total starting costsMinimum: Rs.

1 Lakh plus Rs.

25,000 per month (using hosted shopping cart software)Maximum: Rs.

4-5 Lakhs plus Rs.

2 Lakhs per month (building a team and hosting yourself)10 more rows.

What is the easiest business to start in India?

Top 36 Small Business Ideas in India:Blogging. One cannot overemphasize enough on how blogging is the number one way to start earning online with zero to low investment and unlimited earning potential. … Affiliate Marketing. … Virtual Assistant. … Courier Service. … Social Media Manager. … Online Tutor. … Online Course. … Event Planner.More items…•

Do startups have to pay tax?

The company tax rate is currently 30%, or 27.5% for eligible small businesses. … You must register for goods and services tax (GST) if your GST turnover from sales connected with your Australian business is $75,000 or more. To register for GST, you will require an Australian Business Number (ABN).

How do I get a government startup loan?

Some of the government loans you can avail are:Mudra Loan Scheme.MSME Business Loans in 59 Minutes.The Credit Guarantee Scheme (CGS)Stand Up India Scheme.Coir Udyami Yojana.National Bank for Agriculture and Rural Development (NABARD)Credit Link Capital Subsidy Scheme.National Small Industries Corporation Subsidy.

What startup can I start?

40 Startup Ideas for 2020Organize Specialty Travel Tours. … Create an Airport-Centric App. … Become a Destination Wedding Planner. … Make Local Guides. … Create a Local Grocery Delivery Service. … Start an Event Planning Company. … Open a Coworking Space. … Start a Meal Prep Business.More items…•

How do I start a startup with no money?

How To Start A Business When You Have Literally No MoneyAsk yourself what you can do and get for free. … Build up six months’ worth of savings for expenses. … Ask your friends and family for extra funds. … Apply for a small business loan when you need extra cash. … Look to small business grants and local funding opportunities. … Find out about—and woo—potential angel investors.

How do I get government startup funding?

Here are five grants for the startup sector that may be well worth your time….Top five government grants for startupsEntrepreneurs’ Programme. … CSIRO Kick-Start. … Biomedical Translation Fund (BTF) … Export Market Development Grant (EMDG) … Research and Development Tax Incentive.

What business can you start with 5000?

Businesses You Can Start With $5,000 or LessTutoring. Whether you plan to tutor the occasional student here or there or would prefer to offer a more formal online course, doing so is affordable. … Online Product Sales. … Painting. … Consulting. … Computer Repair. … Business Waste Disposal. … App Development. … Real Estate.More items…•

Who is eligible for startup India?

Eligibility Criteria for Startup Recognition: The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership. Turnover should be less than INR 100 Crores in any of the previous financial years.

What business is good after lockdown?

Doorstep Delivery Business Doorstep delivery is the best alternative business during the lockdown period, in which various types of delivery services can be initiated, such as essential items delivery, grocery delivery, pharmaceuticals delivery and alcohol delivery.

What is the best business for beginners?

Here is a list of 51 of the best small business ideas for beginners with the right skill sets.Home Contractor. … Landscaping Business. … Freelance Writer. … Blogger. … Virtual Assistant. … Home Cleaning Service. … Child Care Service. … Courier.More items…•

What is the easiest business to start?

The easiest business to start is a service business, especially for a beginner. A service business is any kind of business where you sell services. In other words, you sell your skill, labor or expertise — instead of products or goods.

How can I start my own startup in India?

How to register your startup with Startup IndiaStep 1: Incorporate your business. … Step 2: Register with Startup India. … Step 3: Get DPIIT Recognition. … Step 4: Recognition Application. … Step 5: Documents to be uploaded for Registration. … Step 6: Immediately get recognition number. … Step 7: Other areas.

How can I get startup benefits in India?

The benefits provided to recognized startups under the Startup India initiative are:Self-Certification: Self-certify and comply under 3 Environmental & 6 Labour Laws.Tax Exemption: Income Tax exemption for a period of 3 consecutive years and exemption on capital and investments above Fair Market Value.More items…

How do I get a startup certificate?

Steps to register your startup with DIPPStep 1: Incorporation of the business. … Step 2: Registering business with the startup India scheme. … Step 3: Documents required to be upload online (upload only . … Step 4: Choose if you would like to have tax benefits. … Step 5: Self-certify your documentation.More items…•

Which business is best in India after lockdown?

Top 1 0 Business Ideas after LockdownConsulting firms. … Dropshipping. … Medical equipment manufacturer/distributor. … Digital Marketing Agency. … Content Applications. … Inter/Intra communication channels. … Renewable Energy firm. … Sharable workplaces.More items…•

What are the most successful small businesses?

Most Profitable Small Businesses in 2020Personal Wellness. … Courses in Other Hobbies. … Bookkeeping and Accounting. … Consulting. … Graphic Design. … Social Media Management. … Marketing Copywriter. … Virtual Assistant Services. Finally, last on our list of the most profitable small businesses: virtual assistant services.More items…•