Start ups ecosystem in India

  • The country is witnessing a start-up revolution and to harness the potential of India’s innovators and entrepreneurs a vibrant financial ecosystem is essential.

  • India’s is at number three in terms of Start-ups launched. Very soon, India is expected to take over UK in terms of start-ups launched and would be behind only to USA.
  • Govt has taken announced few programmes to encourage start ups in India

Start-up India, Stand up India

  • On 15 August, 2015 on the Independence Day speech, Prime Minister Shri Narendra Modi announced ‘Start-up India, Stand up India’ campaign.
  • This will promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation.
  • This initiative will encourage entrepreneurship among the youth of India. Each of the 1.25 lakh bank branches should encourage at least one Dalit or tribal entrepreneur and at least one woman entrepreneur

India Aspiration Fund

  • Set up by Small Industries Development Bank of India (SIDBI) to boost the starts-up Fund-of-funds ecosystem in the country.
  • IAF is a Fund-of-fund managed by Small Industries development Bank of India (SIDBI) which is India’s Principal Financial Institution for the promotion, financing and development of the Micro, Small and Medium Enterprises (MSME) sector.
  • The India Aspiration Fund is intended to play a vital role in this financial ecosystem.
  • The Fund is expected to catalyze tens of thousands of crore of equity investment in start-ups and MSMEs, creating employment for lakhs of persons, mostly educated youth over the next 4-5 years.
  • LIC has also agreed to be a partner and co investor in the India Aspriation Fund.

SMILE

  • SIDBI Make in India Loan for Small Enterprises (SMILE) Scheme of Rs. 10,000 crore.- to catalyse investment under “Make in India” campaign for MSMEs

Need for new funds

  • Nearly 90 per cent of the venture capital in Indian startups is coming from overseas.
  • The govt is trying to create a domestic VC industry and the Rs.2,000 crore allotted from this fund would enable seed funding for entrepreneurs and innovators
  • We need innovations that solve Indian consumers’ problems, with a grassroots-level movement. Foreign venture capital firms tend to have a bias towards replicating business models proven in developed countries,
Related Posts
Karnataka Current Affairs – KAS/KPSC Exams – 15th April 2018
KLS GIT students win hackathon event Three teams of students from KLS Gogte Institute of Technology have won the first round of the “Smart India Hackathon-18”. The three teams comprised Kartik Kumar ...
READ MORE
World Trade Organisation - Nairobi meeting from December 15 to 18. India is likely to ratify the World Trade Organisation’s (WTO) Trade Facilitation Agreement (TFA), aimed at easing customs rules to expedite ...
READ MORE
Urban Development-Construction of Houses for EWS
The Government of Karnataka has allotted 323 acres of land for the formation of Housing Projects for the members of economically weaker Section of the Society 190 Acres of land has been handed ...
READ MORE
National Current Affairs – UPSC/KAS Exams- 17th September 2018
Call for policy, action in diabetes prevention, management Why in news? The Global Burden of Disease Study 2016 which was released recently points out that the prevalence of diabetes has increased more ...
READ MORE
Karnataka Current Affairs – KAS/KPSC Exams – 27th-28th Dec 2017
3,515 Karnataka farmers committed suicide in five years As many as 3,515 farmers in Karnataka committed suicide between April 2013 and November 2017, out of which 2,525 were due to drought ...
READ MORE
Karnataka Current Affairs – KAS/KPSC Exams- 1st & 2nd August 2018
Settlements in 110 villages degenerating into urban slums, finds study The infrastructure gap and the disparity in the quality of life between the core area of Bengaluru and the newly added ...
READ MORE
Karnataka Current Affairs – KAS / KPSC Exams – 15th April 2017
Eco-sensitive zones around state forest patches being redefined The state forest department and the Ministry of Environment and Forests and Climate Change (MoEFCC) are now redefining the boundaries of eco-sensitive zones ...
READ MORE
Karnataka Current Affairs – KAS/KPSC Exams – 20th Aug 2018
New software detects GST defaulters with tax liability of nearly Rs. 400 crore Analysis of data after the Goods and Services Tax (GST) regime was implemented in July last year in ...
READ MORE
“28th ಸೆಪ್ಟೆಂಬರ್  2018 ಕನ್ನಡ ಪ್ರಚಲಿತ ವಿದ್ಯಮಾನ”
ಕನ್ನಡ ಸಾಹಿತ್ಯ ಸಮ್ಮೇಳನ ಸುದ್ಧಿಯಲ್ಲಿ ಏಕಿದೆ ?84ನೇ ಅಖಿಲ ಭಾರತ ಕನ್ನಡ ಸಾಹಿತ್ಯ ಸಮ್ಮೇಳನ ಧಾರವಾಡದ ಕರ್ನಾಟಕ ಕಾಲೇಜು ಆವರಣದಲ್ಲಿ ಡಿ. 7, 8 ಮತ್ತು 9ರಂದು ನಡೆಸಲು ತೀರ್ಮಾನಿಸಲಾಗಿದೆ. ಜ್ಞಾನಪೀಠ ಪ್ರಶಸ್ತಿ ಪುರಸ್ಕೃತ ಹಾಗೂ ಕೇಂದ್ರ ಸಾಹಿತ್ಯ ಅಕಾಡೆಮಿ ಅಧ್ಯಕ್ಷರಾಗಿರುವ ಡಾ. ಚಂದ್ರಶೇಖರ ...
READ MORE
Karnataka Govt to introduce public health courses for non-medical staff
The state government is all set to introduce postgraduate and short-term courses in public health for non-medical staff working in various government hospitals across the state. The Department of Health and ...
READ MORE
Karnataka Current Affairs – KAS/KPSC Exams – 15th
Trade Facilitation Agreement
Urban Development-Construction of Houses for EWS
National Current Affairs – UPSC/KAS Exams- 17th September
Karnataka Current Affairs – KAS/KPSC Exams – 27th-28th
Karnataka Current Affairs – KAS/KPSC Exams- 1st &
Karnataka Current Affairs – KAS / KPSC Exams
Karnataka Current Affairs – KAS/KPSC Exams – 20th
“28th ಸೆಪ್ಟೆಂಬರ್ 2018 ಕನ್ನಡ ಪ್ರಚಲಿತ ವಿದ್ಯಮಾನ”
Karnataka Govt to introduce public health courses for

Leave a Reply

Your email address will not be published. Required fields are marked *