10000 startups listed in India in 180 days, total number of recognized startups is 50 thousand
The Indian economy may have been harmed by the corona virus epidemic, but in this crisis, the startup culture in India has got a boost. According to the Ministry of Commerce and Industry, 50,000 startups have been recognized by the Promotion of Industry and Internal Trade (DPIIT) till 3 June 2021, out of which 19,896 startups have been recognized after 1 April 2020. DPIIT acts as the nodal department for the startup initiative. MSME Scheme For Startup Business: These four MSME schemes of the government can be availed in startup business. It is noteworthy that Startup India is a flagship scheme of the Government of India launched by Prime Minister Narendra Modi on 16 January 2016. It aims to foster a startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.
With the launch of Startup India scheme, the recognized startups have now expanded to 623 districts. At present, there is at least one startup in each state and union territory. 30 states and union territories have announced specific startup policies to support startups. Maharashtra, Karnataka, Delhi, Uttar Pradesh and Gujarat have the highest number of startups. What is particularly important is that it took only 180 days to connect the last 10,000 startups. Whereas when the scheme was started, at that time 10,000 startups were able to join in 808 days. In the first year 2016-2017 of the scheme, 743 startups were recognized. At the same time, in the year 2020-2021 alone, more than 16,000 startups have been recognized, which shows the boom of startups. Entrepreneurs now have better options to leverage a range of legislation, regulations, financial and infrastructure support, which has accelerated the growth of the startup ecosystem. Several events designed and implemented by DPIIT such as National Startup Awards, State Ranking Framework, Global VC Summit, START: The Startup India International Conference engages with multiple partners in the startup ecosystem, to recognize and recognize their contributions. given the opportunity to demonstrate that work. Startup India through DPIIT has been instrumental in strengthening the key sectors identified for our startup economy. Fund of Funds Scheme of Rs 10,000 crore and Startup India Seed Fund Scheme (SISFS) of Rs 945 crore have opened up opportunities for startups to raise capital. The maximum number of startups have been registered in the fields of 'Food Processing', 'Product Development', 'Application Development', 'IT Consulting' and 'Business Support Services'. The important thing is that 45% of startups are such that there is a woman entrepreneur in their leadership team. This trend will motivate more and more women entrepreneurs to convert their ideas into startups. Accredited startups have contributed significantly to employment generation, with an average of 11 employees per startup, with an average of 48,093 startups creating 5,49,842 jobs. Around 1.7 lakh jobs have been created by recognized startups in the period 2020-2021 alone. DPIIT will continue to engage with stakeholders to address the growth opportunities and challenges in the ecosystem, which will help the Indian startup ecosystem reach greater heights.
