New Delhi: With government-registered startups reaching 630 districts and their number reaching 56,000 and counting, the Center has started looking for ways to strengthen the existing regulatory and legal architecture as it helps them build a livelihood and entrepreneurship. sees as the main source.
According to the numbers available with the department for promotion of industry and internal trade (DPIIT), each of the 630 districts has at least one startup.
Government sources said the DPIIT is working on the next measures and has held discussions with state-run banks on how they can consider providing loans to startups post-risk pricing. “There are several ways to deal with this and the department has discussed some options with the banks, which they can take advantage of later,” an official source said. You, This issue had also come up for discussion during a meeting of government bank heads recently. Finance Ministry was organized.
The government does not see equity as a limiting factor, indicating that India has the third largest ecosystem with over 70 unicorns – over 40 of them added this year alone. Apart from private sources of capital, SIDBI had also launched Fund of Funds.
The government had launched a massive start up Nearly six years ago the campaign and DPIIT are trying to take that process forward, hoping to address some of the issues facing the system, be it tax-related matters or flipping, which has left many startups in the hunt in the country. Saw him going out. for less tax liability.
Sources said that to coincide with the sixth anniversary of Startup India, launched by Prime Minister Narendra ModiDPIIT has lined up for a week innovation week Beginning in January, where IITs will be roped in with funding providers, 190 finalists from the Startup Awards are also making a pitch to investors.
According to the numbers available with the department for promotion of industry and internal trade (DPIIT), each of the 630 districts has at least one startup.
Government sources said the DPIIT is working on the next measures and has held discussions with state-run banks on how they can consider providing loans to startups post-risk pricing. “There are several ways to deal with this and the department has discussed some options with the banks, which they can take advantage of later,” an official source said. You, This issue had also come up for discussion during a meeting of government bank heads recently. Finance Ministry was organized.
The government does not see equity as a limiting factor, indicating that India has the third largest ecosystem with over 70 unicorns – over 40 of them added this year alone. Apart from private sources of capital, SIDBI had also launched Fund of Funds.
The government had launched a massive start up Nearly six years ago the campaign and DPIIT are trying to take that process forward, hoping to address some of the issues facing the system, be it tax-related matters or flipping, which has left many startups in the hunt in the country. Saw him going out. for less tax liability.
Sources said that to coincide with the sixth anniversary of Startup India, launched by Prime Minister Narendra ModiDPIIT has lined up for a week innovation week Beginning in January, where IITs will be roped in with funding providers, 190 finalists from the Startup Awards are also making a pitch to investors.
,