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TOPIC -20

Start up India

Quick points to remember:

• Startups are empowering the youth of India while increasing employment
opportunities and encouraging innovation among different sectors.
• Startup India is an initiative launched by PM Narendra Modi on 15th
August 2015 at Red Fort.
rd
• India is a proud country to have 3 largest number of startups in the world.
• More than 65% of Indian startups are located in Mumbai, Delhi and
Bangalore.
• In 2015, random startups received around $5billion funding amount
following which, capital of $3.billion was dedicated to the startup scheme.
• There are 3-4 startups initiated every day and this initiative is launched to
provide more funding and support to startups.

Introduction

Startup India is a campaign launched by Narendra Modi and aims to empower
entrepreneurship while providing funding, incentives, industrial partnerships and
better opportunities to the entrepreneurs. The aim of this campaign is to promote
entrepreneurship by eliminating unnecessary state government policies such as
foreign investment proposals, clearances, land permissions etc.

Indian government has helped entrepreneurs build 1 million mobile app based
startups. Also the MUDRA bank has provided the entrepreneurs with loans at low
interests, mini finances and funding to entrepreneurs from different educational
backgrounds. The primary capital of $3.1 billion has been dedicated for this initiative.

The ministry of human resource development and department of science and
technology also have granted their contribution while setting up 75 different startup
hubs at NIITs, IISERs, IITs and NIPERs. Also, a Japan based bank, SoftBank has
invested an amount of $2billion in Indian startups. Apart from this, different Japanese
firms have confirmed investment of $10billion in Indian startups. Due to increased

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