NEW DELHI: Union minister of state for Commerce and Industry Jitin Prasada, recently in Rajya Sabha informed that the number of startups in India has surged to over 1.4 lakh.
Prasada in a written response told that Maharashtra has 25,044 registered startups, highest among other states,followed by Karnataka with 15,019, Delhi with 14,734, Uttar Pradesh with 13,299, and Gujarat with 11,436.
He further highlighted the various government initiatives to foster and support the startup ecosystem in the country.
The government launched the Startup India initiative on January 16 2016 to create a robust ecosystem that nurtures innovation, startups, and encourages investments.
The 'Startup India Action Plan' encompasses 19 action items across three key areas: "Simplification and handholding," "Funding support and incentives," and "Industry-academia partnership and incubation."
Additionally, the government has introduced the 'Startup India: The Way Ahead' scheme, which includes actionable plans to promote ease of doing business for startups, leverage technology in implementing reforms, build stakeholder capacities, and enable a digital Aatmanirbhar Bharat.
The government has also established the Fund of Funds for Startups (FFS) with a corpus of Rs 10,000 crore to address the funding needs of startups.
The Department for Promotion of Industry and Internal Trade ( DPIIT ) acts as the monitoring agency, while the Small Industries Development Bank of India (SIDBI) serves as the operating agency for FFS. The total corpus of Rs 10,000 crore is planned to be provided over the 14th and 15th Finance Commission cycles, subject to the scheme's progress and fund availability.
Prasada in a written response told that Maharashtra has 25,044 registered startups, highest among other states,followed by Karnataka with 15,019, Delhi with 14,734, Uttar Pradesh with 13,299, and Gujarat with 11,436.
He further highlighted the various government initiatives to foster and support the startup ecosystem in the country.
The government launched the Startup India initiative on January 16 2016 to create a robust ecosystem that nurtures innovation, startups, and encourages investments.
The 'Startup India Action Plan' encompasses 19 action items across three key areas: "Simplification and handholding," "Funding support and incentives," and "Industry-academia partnership and incubation."
Additionally, the government has introduced the 'Startup India: The Way Ahead' scheme, which includes actionable plans to promote ease of doing business for startups, leverage technology in implementing reforms, build stakeholder capacities, and enable a digital Aatmanirbhar Bharat.
The government has also established the Fund of Funds for Startups (FFS) with a corpus of Rs 10,000 crore to address the funding needs of startups.
The Department for Promotion of Industry and Internal Trade ( DPIIT ) acts as the monitoring agency, while the Small Industries Development Bank of India (SIDBI) serves as the operating agency for FFS. The total corpus of Rs 10,000 crore is planned to be provided over the 14th and 15th Finance Commission cycles, subject to the scheme's progress and fund availability.
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