Startup Schemes in India: Empowering Entrepreneurs
Startup Schemes in India: Empowering Entrepreneurs
Blog Article
India has emerged as a global hub for startups, driven by innovation and entrepreneurship. To support this ecosystem, the Government of India has launched various startup schemes that provide financial assistance, mentorship, and infrastructure to budding businesses.
Key Startup Schemes in India
- Startup India Initiative:
Launched in 2016, this flagship program aims to build a robust startup ecosystem. It offers benefits like tax exemptions, fast-tracking patent applications, and a Rs. 10,000 crore fund of funds to support startups. - Atal Innovation Mission (AIM):
AIM promotes innovation and entrepreneurship through incubators, research, and grants for innovative projects. It focuses on nurturing startups in diverse fields like AI, robotics, and healthcare. - Stand-Up India Scheme:
Targeted at women and SC/ST entrepreneurs, this scheme provides loans ranging from Rs. 10 lakh to Rs. 1 crore to set up new businesses. - MUDRA Loan Scheme:
This initiative supports micro and small enterprises by providing loans under three categories: Shishu, Kishor, and Tarun, based on the growth stage of the business. - Digital India Initiative:
Encouraging tech startups, this program focuses on digital infrastructure, e-governance, and digital literacy. It offers a platform for startups to innovate in the digital space.
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