What is Startup India

The Government of India decided to boost the Startup ecosystem in the country and help India become a nation of job creators rather than job seekers. The Hon’ble Prime Minister of India, Shri Narendra Modi, on the 69th Independence Day celebration of India, announced the ‘Startup India’ initiative and subsequently, launched the Startup India Action Plan on January 16, 2016 in New Delhi. The Government through this initiative aims to empower Startups to grow through innovation and design and to accelerate spreading of the Startup movement. The focus areas, with regards to implementation of Startup India, for the States/ Union Territories are listed below.

  • Startup Policy: Notifying a Startup policy
  • Simplification & Handholding:
  • Enabling ease of registration as a Startup
  • Enabling ease of recognition as a Startup
  • Enabling ease of compliances under various laws
  • Facilitating for setting up of incubators
  • Setting up a dedicated Startup Cell/ Helpline
  • Setting up a dedicated Portal/ Mobile Application
  • Funding Support: Undertaking initiatives to increase access to funds for Startups and formulating a credit guarantee scheme
  • Industry-Academia Partnership: Building partnerships with Industry and Educational Institutes to set up incubators and support for vocational training institutes
  • Fest/ Events: Organizing Startup Fests/ Events
  • Others:
  • Adopting innovative ways for effective implementation of scheme
  • Ensuring transparency/ accountability in implementation of scheme
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