As many as 6,385 recognised startups categorised as ‘closed’ as on Oct 31: Commerce Ministry

As many as 6,385 recognised startups have been categorised as ‘closed’ as on October 31, according to the data from the Ministry of Corporate Affairs, Parliament was informed on Tuesday.

Recognised startups are eligible for a number of incentives, such as income tax benefits under the Startup India initiative by the Department for Promotion of Industry and Internal Trade (DPIIT).

As of October 31 this year, a total of 1,97,692 entities have been recognised as startups.