Comments
Over 60 per cent of the start-ups out of 14,565 initiatives in India are concentrated in five States led by Maharashtra which has the highest number (2,787) followed by Karnataka (2,107), Delhi (1,949), Uttar Pradesh (1,201) and Telangana (824), while Sikkim has the lowest number (1) of start-ups.
About 15 per cent of start-ups are from IT services followed by healthcare and education (9 per cent each). Fashion, analytics, design, textile, telecommunication, advertising, social network security solutions and real estate are the least preferred fields in start-ups.
Launched on January 16, 2016 by the Prime Minister Narendra Modi, Start-up India, set-up under Invest India, is a flagship initiative of the government intended to build a strong eco-system for nurturing innovation and start-ups in the country that will drive sustainable economic growth and generate large scale employment opportunities.
The total number of applications received for recognition under Startup India initiative is 19,611, of which 14,565 applications have been approved, according to the data provided by the Ministry of Commerce and Industry.
Barring Manipur (11 start-ups), all the North-East States have less than 10 start-ups. Goa, Jammu and Kashmir, Chandigarh and Himachal Pradesh are among those that have less than 100 start-ups.
“The initiatives under ‘Make in India’ and ‘Start-up India’ are targeted towards promoting innovation, employment creation and skill development of youth in both urban and rural areas. The data of cost involved and manpower engaged under these initiatives across Central government ministries and various State governments is not centrally compiled,” stated the Ministry in a reply to the question in Lok Sabha. There are no provisions of loans under Make in India and Start-up India initiatives, the Ministry added.
The Ministry is reviewing regulations which are in place for traditional industries. These regulations are either scrapped or modified in order to facilitate the ecosystem which will foster and encourage start-ups to take root.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.