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Startup India: Difference between revisions
At the ongoing Startup India Innovation Week, in a virtual interaction with more than 150 startup founders, Prime Minister Narendra Modi said that the government has decided to celebrate January 16 as National Startup Day to take the startup culture to the far-flung areas of the country.
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(At the ongoing Startup India Innovation Week, in a virtual interaction with more than 150 startup founders, Prime Minister Narendra Modi said that the government has decided to celebrate January 16 as National Startup Day to take the startup culture to the far-flung areas of the country.) |
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A startup defined as an entity that is headquartered in [[India]], which was opened less than 10 years ago, and has an annual turnover less than {{INRConvert|100|c}}.<ref>{{Citation |title = Gazette Notification by Ministry OF Commerce and Industry |url = https://www.startupindia.gov.in/content/dam/invest-india/Templates/public/198117.pdf|date = 2019-02-19}}</ref> Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 10 [[lakh]] (1 million) mobile app start-ups, and the [[Micro Units Development and Refinance Agency Bank|MUDRA Bank]]'s scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds.<ref>{{citation |title=Report: PM scheme generates 1.68 crore jobs in 2 years |url=http://m.thehindubusinessline.com/news/education/168-cr-incremental-jobs-created-under-mudra-scheme-in-2-years-since-launch/article9851526.ece |work=[[The Hindu Business Line]] |date=8 September 2017 }}</ref> Initial capital of {{INRConvert|20000|c|lk=|year=2017}} has been allocated for this scheme. | A startup defined as an entity that is headquartered in [[India]], which was opened less than 10 years ago, and has an annual turnover less than {{INRConvert|100|c}}.<ref>{{Citation |title = Gazette Notification by Ministry OF Commerce and Industry |url = https://www.startupindia.gov.in/content/dam/invest-india/Templates/public/198117.pdf|date = 2019-02-19}}</ref> Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 10 [[lakh]] (1 million) mobile app start-ups, and the [[Micro Units Development and Refinance Agency Bank|MUDRA Bank]]'s scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds.<ref>{{citation |title=Report: PM scheme generates 1.68 crore jobs in 2 years |url=http://m.thehindubusinessline.com/news/education/168-cr-incremental-jobs-created-under-mudra-scheme-in-2-years-since-launch/article9851526.ece |work=[[The Hindu Business Line]] |date=8 September 2017 }}</ref> Initial capital of {{INRConvert|20000|c|lk=|year=2017}} has been allocated for this scheme. | ||
Recently Indian Prime Minister announced "India will celebrate January 16 as ‘National Start-up Day"[https://asiannews.in/india-will-celebrate-january-16-as-national-startup-day/] | |||
==Key points== | ==Key points== | ||