Calcutta HC: Discriminatory Excise Rule Modified To Ensure Equality  ||  SC: Supreme Court Orders Expansion And Reform Of Open Prisons  ||  SC: Parallel Insolvency Proceedings Allowed Against Debtor And Guarantor  ||  SC: Clear Deed Terms Cannot Be Altered Later  ||  SC: Limitation Begins When Accused Identity Becomes Known  ||  SC: Submission of Maadhyamik Admit Card Along With Class X Pass Certificate For Verification  ||  SC: Compassionate Aid to Govt Employee’s Family Deductible From Motor Accident Compensation  ||  Supreme Court: Rooh Afza Taxable at 4% As Fruit Drink Under UP VAT Act  ||  Supreme Court: Document isn’t Forged Just Because it’s Not Found in Public Office Records  ||  Delhi High Court: Wards of Disabled Soldiers in Service Not Eligible For Priority-II Reservation    

Startup India initiative to build a strong ecosystem for nurturing innovation, startups and encouraging investments in the country- (Press Information Bureau) (06 Dec 2023)

MANU/PIBU/3574/2023

Commercial

The Startup India initiative was launched by the Government on 16th January 2016 to build a strong ecosystem for nurturing innovation, startups and encouraging investments in the startup ecosystem of the country.

In order to meet these objectives, the Government unveiled an Action Plan for startups comprising of schemes and incentives envisaged to create a vibrant startup ecosystem in the country. The Action Plan comprises of 19 action items spanning across areas such as "Simplification and hand holding", "Funding support and incentives" and "Industry-academia partnership and incubation".

For attaining specific objectives, various programs are implemented by the Government under the Startup India initiative. As a result of sustained efforts, the Government has recognised 1,14,902 entities as startups as on 31st October 2023.

Realising the action items of the Startup India Action Plan, the Government is implementing flagship Schemes under Startup India initiative namely, Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) to support startups at various stages of their business cycle to enable startups to graduate to a level where they are able to raise investments or seek loans.

Tags : STARTUP   INITIATIVE   INNOVATION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved