India is one of the hottest markets for startups. In the last few years, the Government has introduced over 50+ startup programs, each of which is directed towards boosting the Indian startup ecosystem and supporting entrepreneurship in the country. Some of these schemes are:
- STARTUP INDIA
With the help of the Startup India initiative, the government of India promotes and assists entrepreneurship by mentoring, nurturing and facilitating startups throughout their life cycle. Launched in 2016, the scheme has successfully provided a great start to a number of potential startups in the country. The initiative has provisions for various methods to learn and know more about startup growth including research parks, incubators, and startup centers among others. Apart from this, the scheme has also created a ‘Fund of Funds’ which helps startups in gaining access to funding. The primary motive of this is to build an environment in which startups can innovate and evolve without any obstacles.
- ATAL INNOVATION MISSION (AIM)
AIM is a scheme of Government of India which has the objective of promoting the culture of innovation and entrepreneurship, and it serves as a platform for the promotion of world-class Innovation Hubs, Grand Challenges, start-up businesses, and other self-employment activities, particularly in technology-driven areas. To inculcate innovation and creativity in the children at the school level, the government has also launched Atal Tinkering Labs (ATL) across India.
Another program set up by AIM is Atal Incubation Centres (AICs) with an aim to build innovative start-up businesses as scalable and sustainable enterprises. They provide various facilities with the right amount of physical infrastructure on the basis of capital equipment and operating facilities.
- MAKE IN INDIA
Launched in September 2014, the initiative is aimed at transforming India into a global manufacturing hub and contains a raft of proposals designed to attract investment in both local and foreign companies in various fields. The Make in India initiative has made sure to replace the outdated and obsolete frameworks with the latest and user-friendly methods. This has prompted recharged trust in India’s abilities among potential accomplices abroad, a business group inside the nation and residents on the loose.
- DIGITAL INDIA
To modernize the economy of our country and to make all the government services to be accessible electronically, the government launched the Digital India initiative. The primary purpose of this is to build India as a digitally-empowered society and knowledge economy with universal access to goods and services.
- SUPPORT TO TRAINING AND EMPLOYMENT PROGRAMME FOR WOMEN (STEP)
As the name clearly suggests, this scheme is basically women-oriented. STEP was introduced by the Government of India’s Ministry of Women and Child Development. The primary purpose of the scheme is to educate and train women who don’t have access to formal skill education, particularly targeting the rural sector.
- BIOTECHNOLOGY INDUSTRY RESEARCH ASSISTANCE COUNCIL (BIRAC)–
The Department of Biotechnology has set up BIRAC, a not-for-profit public sector enterprise, to strengthen and evolve emerging biotechnology undertakings. It carries out programs to encourage strategic research and innovation in the biotech enterprises, and reduce the current gaps between industry and academics. The initiative has facilitated several rapid developments in medical technology and helped various biotech startups to expand and build a good base for themselves. BIRAC has partnered with a few national and worldwide firms for building limits of the Indian biotech industry, especially for new companies and SME’s, and has taken forward a few fast improvements in therapeutic innovation.
- TRADE-RELATED ENTREPRENEURSHIP ASSISTANCE AND DEVELOPMENT (TREAD)
The government had launched the TREAD program to acknowledge the problems related to the access to credits that the unprivileged women face in India. The program provides credit to interested women with the help of non-governmental organizations (NGOs). The women can receive the support of registered NGOs in both accessing loan facilities, and receive counseling and training opportunities to initiate the proposed undertakings.
- PRADHAN MANTRI KAUSHAL VIKAS YOJANA (PMKVY)
The Ministry of Skill Development & Entrepreneurship (MSDE) has started the program PMKVY which aims to train the youngsters in order to inculcate industrial skills in them to enhance opportunities for livelihood creation and employability. Training and Assessment fees are completely financed by the Government under this scheme.
Why Prefer Meticulous Business Plans?
The world is becoming highly digitalized and reports play a crucial role in especially setting a vibrant, innovative and potential business unit. Our reports are designed in the most efficient way that suits the work style of all range of Enterprises and Entrepreneurs. Our well-planned resources and strategies are solely responsible for the success we had for the past few years.
We have developed the Report formats And Reports with the help of a knowledgeable and experienced team. We ease the clients by offering syndicate & customizable reports as per the requirement.
If you are seeking help to understand how the business runs, we are just a mail or call away.