The Government of India has rolled out Startup India scheme for the growth of businesses by promoting innovations. This scheme is envisioned at transforming India into a job-provider rather than a job seeker. An entity which is registered as a Private Limited Company or a Limited Liability Partnership (LLP) or a Registered Partnership Firm can get recognition under Startup India Scheme. Further, such startup must be involved in the activities towards innovation or improvement in existing products or services, and must be capable of generating employment or wealth creation. Only an eligible entity as per the criteria provided by the government can take registration.