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Topic: Government Policies Supporting Startups in India

The document discusses government policies and initiatives in India to support startups. It outlines several schemes providing funds, loans, and other benefits to startups across industries. The objectives are to attract innovation and entrepreneurs, create jobs, and boost initiatives like Make in India. However, some say startup programs in India have had limited impact due to bureaucratic hurdles and a lack of proactive support for registering and including more startups.

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LAKSHMI REMESH
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237 views23 pages

Topic: Government Policies Supporting Startups in India

The document discusses government policies and initiatives in India to support startups. It outlines several schemes providing funds, loans, and other benefits to startups across industries. The objectives are to attract innovation and entrepreneurs, create jobs, and boost initiatives like Make in India. However, some say startup programs in India have had limited impact due to bureaucratic hurdles and a lack of proactive support for registering and including more startups.

Uploaded by

LAKSHMI REMESH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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TOPIC

GOVERNMENT POLICIES
SUPPORTING STARTUPS
IN INDIA
SOP 5 (B)
MENTOR :
PROF.DHESINGH RAJA

GROUP MEMBERS
• SHRUTI R
• LAKSHMI RAMESH
• LOVINS JACOB
• ANUPRASAD PM
CONTENTS
 INTRODUCTION
 WHAT IS STARTUPS…?
 OBJECTIVES OF THE SCHEMES
 GOVERNMENT INITIATIVES
 IMPORTANT GOVERNMENT SCHEMES
FOR THE STARTUPS IN INDIA
 WHY INDIA HASN’T STARTED UP YET… ?
 CONCLUTION
 REFERENCES
INTRODUCTION

The Government of India has undertaken several initiatives and instituted policy
measures to foster a culture of innovation and entrepreneurship in the country.
Job creation is a foremost challenge facing India. With a significant and unique
demographic advantage, India, however, has immense potential to innovate, raise
entrepreneurs and create jobs for the benefit of the nation and the world.
WHAT IS STARTUPS...?

A startup is a young company that is just beginning

to develop.

Startups are usually small and initially financed and

operated by a handful of founders or one


individual.

More specifically, a startup is a newly


emerged business venture that aims to develop a
viable business model to meet a marketplace need
Founders design startups to effectively develop
and validate a scalable business model.

  Start-ups face high uncertainty and do have high


rates of failure, but the minority that have gone on

to be successful companies that have become


large and influential.
OBJECTIVES OF SCHEMES

To attract more innovation and entrepreneurs

Job creation

Boost to Make in India initiative and foreign


exchange earnings in the long run

Simplification and hand- holding

Funding support an initiative

Encourage entrepreneurship within the country


GOVERNMENT INITIATIVES

4000+ Startups have benefitted in the last year


through various programs of the Central Govt.

960 crore of funding has been enabled to Startups


through various schemes

828 Cr sanctioned funds for infrastructure


IMPORTANT GOVERNMENT
SCHEMES
FOR THE STARTUPS IN INDIA

Government tweaks startup resolutions by


introducing comprehensive list of schemes

Startup India action plan which was


launched on January 16, 2016
Indian Government has introduced innumerable
schemes providing funds, loans and other benefits
to startup.

Its opened doors to many knowledge based and


technology driven innovations in diverse
industries.
SOME OF THEM ARE:

1. Support for International Patent Protection in


Electronics & Information Technology (SIP-
EIT)

Headed by: DeitY (Department of electronics and


Information and Technology)

Industry: IT services, analytics, enterprise software,


technology hardware

SIP-EIT scheme under digital India provides financial support to


Startups and MSMEs for international patent filing, funding for
inventions and leverage growth opportunities
.

2. Multiplier Grants Schemes (MGS)

Headed by: DeitY (Department of electronics and


Information and Technology)

Industry: IT services, analytics, enterprise software,


technology hardware

Multiplier Grants Schemes (MGS) is the main growth drivers


of ITES (Information Technology Enabled Services) and IT
companies and aims to initiate collaborative R&D between
industry and institutions.
3. New Gen Innovation and Entrepreneurship
Development Centre (New Gen IEDC)

Headed by: New Gen IEDC

Industry: Chemicals, technology hardware,


healthcare & life sciences,
aeronautics/ aerospace, defence, agriculture,
automotive, construction, nanotechnology, food
&beverages; textiles & apparel etc.

IEDC projects are promoted in educational institutions to develop to create an entrepreneurial culture. New Gen
IEDC strives to uplift knowledge based and technology driven startups by harnessing young minds.
4. Aspire (Scheme for promoting innovations
and entrepreneurship)

Headed by: Steering Committee, Ministry of MSME

Industry: Agriculture, Pets & animals, health care &

life sciences, social impact

Aspire promotes development of rural economy by supporting


Agro industry which is promoted by MSME (Ministry of micro,
small & medium enterprise). Aspire is one of the Startup India
scheme initiative which is not only focused on solving problems,
but also creating employment.
5. Single Point Registration Schemes (SPRS)

Headed by: National Small Industries Corporation

(NSIC)

Industry: Agnostic

MSEs willing to register under Single Point Registration


Schemes can either do nsic registration online or contact
nearest NSIC office for registration.
6. Infrastructure Development scheme

Headed by: National Small Industries Corporation

(NSIC)
Industry: Agnostic

This scheme by Indian Government was initiated to solve


office space issues of MSMEs.
7. International Cooperation (IC) Scheme

Headed by: Office of the Development Commissioner

(MSME)

Industry: Travel & tourism, human resources, events

and advertising

Under this scheme the department supports travel and


marketing expenditures relating to the development of
MSME sector.
8. Sparsh (Social Innovation programme for

products which are affordable and relevant


to Societal Health)

Headed by: Biotechnology Industry Research


Assistance Council (BIRAC)

Industry: Healthcare & life sciences

BIRAC initiated financial and technical support social


innovators who make efforts to identify the needs and gaps
in healthcare
WHY INDIA HASN’T STARTED UP YET ?

• Bureaucratic operational methods.


• Lack of proactive approach.
• Only a handful of start-ups have been included in the
program till date.
• Extensive list of criteria for start-ups to register with
the program.
• The provided schemes are not captivating the youth
or entrepreneurs.
CONCLUSION
• Startup India is a flagship initiative of the
Government of India, intended to build a strong eco-
system for nurturing innovation and startups in the
country that will drive sustainable economic growth
and generate large scale employment opportunities.
• In order to meet the objectives of the initiative,
Government of India is announcing this action plan
that addresses all aspects of the startup ecosystem.
– This scheme will directly help people in opening
their own successful entrepreneurship.
– This is most effective campaign which will create
more job opportunities to the India Youths.

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