New Delhi, Dec 28 (KNN) Bring in good news for the young entrepreneurs who want to set up their own businesses, Prime Minister Narendra Modi said that the full action plan of 'Start-up India Stand-up India' will be launched on January 16.

Prime Minister Narendra Modi had mooted about the initiative during his Independence Day speech this year.

The government will formally launch the initiative on January 16 in an event that will see the participation of all major higher educational institutions through online connectivity, the Prime Minister said in his Mann ki Baat programme on All India Radio.

“On August 15, I had made an initial mention of ‘Start-Up India Stand Up India’. After that it has been discussed in all government departments. Can India become the start-up capital of the world? On January 16, the government will launch the full action-plan of ‘Start-up India Stand Up India’. I will come before you to discuss this in detail and would welcome your suggestions. I would request the state governments as well to take this forward,” said Modi.

The initiative was not just about the IT or digital world, but an effort to assist people starting new business ventures, especially those that involved innovation, said Modi.

“A poor person somewhere uses manual labour to earn a living. Some other young individual may create something new and innovative that can make the work of the poor labourer slightly easier. I will say even this is a start-up. I will tell the banks to support such individuals. I will tell the individual that he must move head. ‘Start-up India Stand Up India’ will bring a big opportunity for young people across the country, be in manufacturing, service sector or agriculture,” said Modi.

The Prime Minister said there was no lack of talent amongst the youth of the country, and added that all IITs, IIMs, central universities, NITs and other institutions will be connected live to the launch event. (With PIB Inputs)