6 Apr, 2023
Startup Comments Off on How is Indian government helping emerging startups?

The Indian government has taken several initiatives to support and encourage the growth of emerging startups in the country. Here are a few examples:

Startup India Initiative: In 2016, the Indian government launched the Startup India initiative, which aims to promote and support startups in the country by providing them with various benefits, such as tax exemptions, funding opportunities, and access to incubation centers.

Fund of Funds for Startups: The Indian government has also set up a Fund of Funds for Startups (FFS) with a corpus of Rs. 10,000 crore. The FFS invests in SEBI registered Alternative Investment Funds (AIFs), which in turn invest in startups.

Atal Innovation Mission: The Atal Innovation Mission (AIM) is another initiative launched by the Indian government to promote innovation and entrepreneurship in the country. AIM provides financial support, mentoring, and other resources to startups.

Single Window Clearance: The Indian government has also introduced a single-window clearance system for startups, which enables them to get all the necessary clearances and approvals required to start and run their businesses in a time-bound manner.

Startup India Hub: The Startup India Hub is a one-stop-shop for startups to access information, resources, and support from the government. The Hub provides startups with access to mentors, investors, and incubation centers.

Overall, the Indian government is actively supporting and promoting the growth of startups in the country, and its initiatives are making it easier for entrepreneurs to start and grow their businesses.