Wednesday, 19 February 2025

GOVERNMENT INITIATES FOR STARTUPS IN INDIA | NEP

The Government of India has launched several initiatives to promote and support startups, fostering innovation and entrepreneurship. Some key initiatives include:

Startup India (2016) – A flagship initiative providing tax benefits, funding support, and simplified regulations for startups.

Stand-Up India – Supports entrepreneurs from SC/ST and women categories by offering bank loans between ₹10 lakh and ₹1 crore.

Atal Innovation Mission (AIM) – Encourages innovation and entrepreneurship through incubators, research labs, and funding support.

Fund of Funds for Startups (FFS) – Provides ₹10,000 crore to support venture capital firms that invest in startups.

Credit Guarantee Scheme for Startups (CGSS) – Offers financial assistance by providing credit guarantees for startups to access loans.

Startup India Seed Fund Scheme (SISFS) – Allocates ₹945 crore to help early-stage startups with funding for proof of concept and product development.

Make in India – Encourages startups in the manufacturing sector by promoting domestic production and reducing import dependency.

Digital India – Supports tech-based startups by improving digital infrastructure and providing incentives for digital innovation.

These initiatives aim to create a robust startup ecosystem, drive economic growth, and position India as a global hub for entrepreneurship. 

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