Startup India – Become a job-giver, not a job-seeker. The effect of this appeal of Prime Minister Narendra Modi made many years ago is now visible. Instead of working in someone’s company, youth are now preferring to form a company. Since 2015, nearly 23 thousand youth have owned their company.
Startups Reached 20 Thousand To 23 Thousand
Going to the previous figures of the Ministry of Industry, last year there were less than 20 thousand startups. But the latest figures of the ministry itself have brought optimistic news. The youth are starting a company with new ideas. Not only this, so far more than two and a half million people have been given jobs.
Yes, after the appeal of PM Narendra Modi, this same picture of the Startup India campaign has come out. According to the latest statistics of the Ministry of Commerce and Industry, at present, there are 23 thousand recognized startups in the country. On average, about three lakh youth have also got employment in a startup with an average of 12 people.
Central Government Gives Such a Discount To a Startup India
PM Modi started Startup India Scheme on 15 August 2015 from the ramparts of the Red Fort. Under this scheme, it was not only to prepare young entrepreneurs but also to make the youth to create employment opportunities. The government has established a fund of 10 thousand crores for this from the very beginning. Under this, the young entrepreneur is exempted from tax for three years and there is no investigation during the first 3 years.
To attract foreign investment in Indian startups, the Central Government is continuously organizing various programs. The Modi government has been promoting young entrepreneurs since its inception under the ‘Startup Movement’.
A report released in 2017 by software giant IBM suggests that lack of finance is a major reason in India. These are the reasons that more than 90 percent of startups die within the first 5 years. Whereas, in such circumstances, Indian start-ups have given jobs to a fair number of people due to the efforts of PM Modi.
There Are More Startups and Jobs Here
- Maharashtra has the highest number of 3,761 startups. Of these, 49,482 people have got jobs.
- There are 2,919 startups in Karnataka. In which 38,828 people are working.
- Delhi has 2,616 startups and employs 36,403 people.
- There are 1,607 startups in Uttar Pradesh, out of which 22,815 people are employed.
- Haryana, where there are 1,086 startups and 17,182 people, are working in them.
- Telangana employs 1,103 startups, employing 19,181 youth.