Start Up India Scheme | Stand Up India Scheme

Posted by aliyas on August 7th, 2017

Start Up India Scheme | Stand Up India Scheme | Sarkari niti

The Indian government has introduced over 50+ startup schemes in past few years. Each startup scheme is missioned towards boosting the Indian startup ecosystem.

Consider this. Close to 4,400 technology startups exist in India and the number is expected to reach over 12,000 by 2020. India is also at third place behind US and Britain in terms of the number of startups. Furthermore, in line with its global counterparts, India has its own billion dollar club to boast about. This includes startups like Flipkart, Snapdeal, Ola, InMobi, Hike, MuSigma, Paytm, Zomato, and Quikr. With the next 0 Mn funding raise, fintech startup MobiKwik too looks to join the unicorn club.

These startup schemes have been introduced over a period of time and many of these were introduced before the launch of Startup India plan. But most of the startups are either not aware of these different schemes or do not have a clear idea on how to avail them.

Keeping this in mind, we at Inc42 have tried to curate an exhaustive list with the details of these 50+ startup schemes floated by the Indian government to date to support the Indian startups, SMEs, MSMEs, Businesses, Research Institutes, Incubators, Accelerators, etc. Indian. Sectors that these government schemes for startups operate under range from tech-specific verticals to agritech, greentech, science and academic innovation and more.

The further he said “On January 16, the government of India will unveil the full action plan of ‘Start-up India, Stand-up India’. A structure will be presented before you. This programme will be connected to the country’s IITs, IIMs, central universities and NITs. Wherever there is youth, they will be linked through live connectivity,”  The overall conclusion is that Prime Minister want to bank financing for startups and ventures to boost entrepreneurship and Job vacancies.

Start Up India Stand Up India is developed according to the needs of the country. If someone developed something to make a poor labour life comfortable, our Prime Minister will ask the bank to help such people.

Start Up India Scheme | Stand Up India Scheme | Sarkari niti

“On August 15, I had made an initial mention of ‘Start-Up India Stand Up India’. After that, it has been discussed in all government departments. Can India become the start-up capital of the world? On January 16, the government will launch the full action plan of ‘Start-up India Stand Up India’. I will come before you to discuss this in detail and would welcome your suggestions. I would request the state governments as well to take this forward,” says the Modi.

According to him, “The initiative was not just about the IT or digital world, but an effort to assist people starting new business ventures, especially those that involved innovation”. Also, “A poor person somewhere uses manual labour to earn a living. Some other young individual may create something new and innovative that can make the work of the poor labourer slightly easier. I will say even this is a start-up. I will tell the banks to support such individuals. I will tell the individual that he must move the head. ‘Start-up India Stand Up India’ will bring a big opportunity for young people across the country, be in manufacturing, service sector or agriculture,”