In New Delhi, Union Minister of State for Commerce and Industry, Jitin Prasada, reported to Rajya Sabha that the number of startups in India has surpassed 140,000. According to his written response on Friday, Maharashtra leads with 25,044 DPIIT-recognized startups, followed by Karnataka with 15,019, Delhi with 14,734, Uttar Pradesh with 13,299, and Gujarat with 11,436.
The minister highlighted the government's initiatives to foster and support startups. Launched on January 16, 2016, the 'Startup India' initiative aims to create a robust ecosystem for innovation and investment. The 'Startup India Action Plan' includes 19 action items focused on simplification, funding support, and industry-academia partnerships.
Additionally, the 'Startup India: The Way Ahead' scheme promotes ease of doing business, technological reforms, capacity building, and digital self-reliance. The government has also established a Fund of Funds for Startups (FFS) with a Rs 10,000 crore corpus, managed by SIDBI and monitored by DPIIT. This fund supports startups at various stages, encourages domestic capital, reduces reliance on foreign investments, and promotes new venture capital funds.
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