4-months of rents waived off for the IT companies and startups in STPI centers
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Amid the COVID-19 crisis, government has decided to provide relief from payment of rent for small IT companies and startups operating out of STPI centers, for four months. STPI is an autonomous society under MeitY and has 60 centers across the country. Most of the companies that operate out of MeitY are either tech MSMEs or startups and they are facing huge challenge and loss of revenue during the lockdown period.