Startup India led to create over 8.6 lakh direct jobs: DPIIT

New Delhi, Dec 17 (KNN) Since the launch of Startup India in 2016, Department for Promotion of Industry and Internal Trade (DPIIT) has recognised that startups have self-reported creation of over 8.6 lakh direct jobs as on November 30, 2022.

The Government with an intent to build a strong ecosystem for nurturing innovation and startups in the country launched Startup India initiative on January 16, 2016.

About 84,012 entities have been recognised as startups from across the country by the DPIIT as on November 30, 2022.

There has been a year-on-year increase in reported number of jobs created by the recognised startups.

In order to meet the objectives of the initiative, the Government unveiled an Action Plan for Startup India that laid the foundation of Government support, schemes and incentives envisaged to create a vibrant startup ecosystem in the country.

The Action Plan comprises of 19 action items spanning across areas such as “Simplification and handholding”, “Funding support and incentives” and “Industry-academia partnership and incubation”.

As per eligibility conditions prescribed under G.S.R. notification 127 (E) dated 19th February 2019, entities are recognized as startups under Startup India initiative by the Department for Promotion of Industry and Internal Trade (DPIIT).

The government has undertaken total 26 measures for the publicity through electronic media and other modes of communication to popularise startups for young entrepreneurs in the country.  (KNN Bureau)