Latest News | Over 1.5 Lakh Startups Recognised by Government Till October
Get latest articles and stories on Latest News at LatestLY. Over 1.5 lakh entities have been recognised as startups by the government till October this year, Parliament was informed on Tuesday.
New Delhi, Dec 3 (PTI) Over 1.5 lakh entities have been recognised as startups by the government till October this year, Parliament was informed on Tuesday.
The Government, with an intent to build a strong ecosystem for nurturing innovation, startups and encouraging private investments in the startup ecosystem of the country launched the Startup India initiative in January 2016.
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"As on 31st October 2024, 152,139 entities have been recognised as startups by DPIIT (Department for Promotion of Industry and Internal Trade)," Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha.
Under the Startup India initiative, the Government is implementing three flagship Schemes, namely, Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) to support startups at various stages of their business cycle.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)