Often, small scale firms are unaware of the regulatory issues which might lead to intrusive action by the agencies. To make compliance for startups flexible, simplifications are required. The framework recommends the State to initiate reforms by enabling self-certification or third party certification under all applicable labour laws and to also facilitate it through an online mechanism.
Self Certification for Startups
Self-certification has been made available in the State for more than 10 labour laws which include
- The Equal Remuneration Act
- The Minimum Wages Act
- The Telangana State Shops and Establishment Act
- The Payment of Bonus Act
- The Payment of Wages Act
- The Payment of Gratuity Act
- The Contract Labour (Regulation and Abolition) Act
- The Inter-State migrant Workmen (Regulation of Employment and Conditions of Service) Act
- The Building and other Construction Workers Welfare Act
- The Motor Transport Workers Act
The firms that opt for self-certification will be under low risk category after an online risk assessment procedure & will be inspected once in every 5 years. The firms that have not enrolled will be under medium or high risk category.
Online System for Self-Certification
The online platform for self-certification. The portal provides the application procedure and checklist along with an issue of acknowledgement post application.
The State has shared several drafts on disruptive areas of support such as AI, Cybersecurity, Data Analytics, Gaming & IoT. To promote these, domain centric meetups on areas such as Virtual Reality, AgriTech & HealthTech are conducted on a quarterly basis. The events witness participation from Startups working in particular sectors that aim to bring the ecosystems together and explore synergies.