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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