Launched on 16th January, 2016, the Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. These programs are managed by a dedicated Startup India Team, which reports to the Department for Industrial Policy and Promotion (DPIIT).
- cfHE Fellowship:
CfHE Fellowship is a unique world-class program of one year for healthcare entrepreneurs followed by opportunity to incubate.It is conceptualized, administered and mentored by Bay area entrepreneurs, top academics from the US, Indian and Bio-med industry.
- E-cells at IITs:
Entrepreneurship Cell at IIT believes that entrepreneurship is not just about starting companies, but a pathway towards India’s socio-economic development. Our vision is to make students and faculty ‘entrepreneurial’ in every work that they do. We hope to enable them to solve global challenges as we see students as the greatest capital and intend to nurture them, provide them with opportunities for excellence.
- E-biz portal:
To bring down the complexities and obstructions in setting up a business, Government launched e-biz portal that integrates 14 regulatory permissions and licenses at one source. The widespread usage of this portal will enable faster clearances and improve the ease of doing business in India.
- SETU Fund:
To facilitate the growth of startup firms, SETU (Self-Employment and Talent Utilization) fund had been set up by the government. Under this program, Rs 1,000 crore has been allotted by the government in order to create opportunities for self-employment and new jobs mainly in technology-driven domains.
- MUDRA Yojna
Many small entrepreneurs find difficulty in getting loans or finance to start or run their businesses. Through this scheme, they will easily get loans from the banks to set up, grow and stabilize their businesses. Generally, while applying for loans, these small firms are asked for large collaterals by the banks, which made their business unsustainable.
- Atal Innovation Mission (AIM):
This is an innovation promotion platform launched by Mr Arun Jaitley,
- Make in India Initiative
“Make in India” has not only encouraged the manufacturer, but also the Indian buyer to trust and invest in the in the domestic brands.