Startup India Initiative was launched as a flagship initiative of Department for Promotion of Industry and Internal Trade (DPIIT) in 2016.
Key-features of Startup India Initiative
- Objective: To catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.
- Core Features:
- Ease of Doing Business: Simplified compliance, self-certification, and single-window clearances.
- Tax Benefits: Tax exemptions for 3 consecutive financial years.
- Funding Support: ₹10,000 crore Fund of Funds for Startups (FFS) supports early-stage funding.
- Sector-Specific Policies: Like biotechnology, agriculture, and renewable energy.
- Flagship Schemes under Startup India
- Startup India Seed Fund Scheme (SISFS): Four-year period scheme Supporting startups in areas like proof of concept, prototype development, commercialisation etc.
- Credit Guarantee Scheme for Startups (CGSS): Offers credit guarantee for loans provided to eligible startups.
- FFS Scheme: To enhance access to domestic capital for Indian startups.
Key Achievements
- Increase in Startups: DPIIT-recognised startups increased from 500 (2016) to 1.59 lakh (2025).
- Startup Ecosystem: India became third-largest startup ecosystem in the world with over 100 unicorns.
- Employment Generation: Of over 16.6 lakh direct jobs as of October 31, 2024.
- Women Empowerment: 73,151 recognised startups have at least one woman director.
Other Initiatives Under Startup India
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