As on 03 June 2021 50,000 startups have been recognized as startups by Department for Promotion of Industry and Internal Trade (DPIIT). About 1.7 lakh jobs created by recognized startups in 2020-2021.
Startup India at DPIIT has played a pivotal role in strengthening the key pillars identified for our startup economy. Funding opportunities to startups have been enhanced through the Fund of Funds Scheme with an overlay of INR 10,000 crore and the recently launched Startup India Seed Fund Scheme (SISFS) with an outlay of INR 945 crores.
About Startup India
Established : 2016
Implementing agency : Department for Promotion of Industry and Internal Trade (DPIIT)
Startup India is a flagship initiative of the Government of India launched by the Prime Minister of india on 16 Jan 2016. The initiative is intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Department for Promotion of Industry and Internal Trade (DPIIT) acts as the nodal Department for the Startup initiative.
Sources : PIB