Start-Up India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design. In order to meet the objectives of the initiative, Government of India is announcing this Action Plan that addresses all aspects of the Startup ecosystem.
With this Action Plan the Government hopes to accelerate spreading of the Startup movement:
From digital / technology sector to a wide array of sectors including agriculture, manufacturing, social sector, healthcare, education, etc.and From existing tier 1 cities to tier 2 and tier 3 cities including semi-urban and rural areas.
The Action Plan is divided across the following areas:
The above announcements made at the Startup India launch event are Governments understanding the needs of the startup ecosystem, however most of these pointers are still subjected to actually getting approved and realised for the benefits they are expected to deliver.