New Delhi: As many as 50,000 startups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) thus far, an official assertion stated on Thursday.
Startup India is a flagship initiative of the federal government launched on January 16, 2016. The initiative is meant to catalyse a startup tradition and construct a robust and inclusive ecosystem for innovation and entrepreneurship in India.
The recognised startups are eligible to avail the advantages throughout a spread of legal guidelines, rules, fiscal and infrastructural assist.
“As on June 3, 2021, 50,000 startups across have been recognised as startups by DPIIT, of which 19,896 have been recognised since April 1, 2020,” the commerce and trade ministry stated.
With the launch of the Startup India initiative, recognised startups have now unfold throughout 623 districts, it stated, including every state and Union Territory has not less than one startup, and 30 states and UTs have introduced particular startup insurance policies to assist them.
Maharashtra, Karnataka, Delhi, Uttar Pradesh and Gujarat have the biggest variety of these entrepreneurs.
“The recognised startups have contributed significantly to job creation, with 5,49,842 jobs reported by 48,093 startups with an average number of 11 employees per startup. About 1.7 lakh jobs were created by recognised startups in the 2020-2021 period alone,” it added.
The sectors having the utmost registered startups embrace meals processing, IT consulting, and enterprise assist providers.
Further, the ministry stated that funding alternatives to startups have been enhanced by the Fund of Funds Scheme with an overlay of Rs 10,000 crore and the not too long ago launched Startup India Seed Fund Scheme with an outlay of Rs 945 crore.
