Start-up India is a revolutionary scheme that was first announced by Prime Minister Narendra Modi on August 15, 2015, and was inaugurated on January 16, 2016, by the Union Finance Minister, Mr. Arun Jaitley. The CEOs of different companies and start-up founders and investors attended the event.
The Government of India has taken an initiative to empower start-up ventures to boost the entrepreneurship. The main objective of Start up India campaign is to encourage the India’s young generation who despite being skilled and able to launch their own ventures become dependent upon various types of jobs and remain under employed.
In this programme, The Reserve bank of India took the initiative step to help improve the “Ease of doing Businesses” in the country.
Generally, when the students pass out from MBA they have some dreams in their eyes; some students move to jobs & some want to be Entrepreneur. They have Skill, knowledge, ability & plan to execute these dreams but due to lack of funds, the dreams could not get executed. So, our Govt is providing a platform for entrepreneurs to convert their dreams into reality. The government provides all the support and finance with a scheme called- “Start up India”.
The Charm to become an entrepreneur is increasing day by day among the youth. In the last few years, there has been increasing in start-ups in versatile areas like retail sector, food delivery, consulting services, e-commerce, medical services, delivery services, and fitness among others. On an average 800 start-ups are born every year. Start-ups are evolving in terms of product capabilities, networking, taking calculated risks, venturing into new spaces. This initiative not only increases the employability but also motivate the prospective entrepreneurs. Delhi –NCR and Bangalore has highest no. of starts –ups.
Under this scheme, various reputed institutes have joined the program and are successfully managing the Start-ups. This will result, in increasing the employability among youth as well as growth & development of our economy.