Page 21 - NIS English 01-15 May,2023

Strong ecosystem

of startups from

employment to

self-employment

From employment and self-employment to making the
country self-reliant and creating a strong eco-system
for innovation startups, the central government has
worked effectively on a wide scale in the last few years.
The country and its people are now reaping the benefits
of it. Because of the government's efforts, not only has
personal income increased, but the country's economy
has experienced a tremendous boom. As a result of such
government programmes, the country is now rapidly
progressing towards self-sufficiency and joining the
ranks of the world's fastest developing countries. Many
other countries in the world are also taking inspiration
from India.

Stand-up Startup

n It was launched on April 5, 2016 to promote n It was launched by the Government of India
entrepreneurship at the grassroots level with a focus on in January 2016 to create a strong eco-
economic empowerment and employment generation. system for nurturing innovation and start-
n More than 80% of the loans sanctioned in the scheme ups.
have been given to women. n The total number of registered startups in
n The scheme is a significant achievement in the direction the country is 97,053. Before 2014, there were
of promoting entrepreneurship among SC, ST, and 32 startups in the country.
women. n The number of startups in the agriculture
40,710 crore sector itself is more than 2000.

has been allocated under
the scheme to 1,80636
accounts till March 21,
2023.
Mudra Yojana
n A loan of 5 lakh rupees is being given every five seconds.
PM SVANidhi
n 70 percent of the beneficiaries of the scheme are women.
n PM SVANidhi disbursed over 40.07 lakh loans
n 41 crore people have become entrepreneurs, of which
worth Rs 4,606.36 crore in two tranches to
eight crore are those who have become entrepreneurs for
45.32 lakh beneficiaries.
the first time.
n The PM SVANidhi scheme enabled 9,326
Loans worth street vendors to be linked to food delivery
23 lakh crore n platforms such as Swiggy and Zomato.
By January 2023, street vendors will have
were given in the last done more than 37.7 crore transactions
eight years worth more than 45 thousand crore rupees.
New India Samachar May 1-15, 2023 19