INDIAN START-UP SCHEME AND EMPLOYMENT GENERATION

The Government of India launched the flagship program Start-up India with the goal of fostering the start-up culture and creating a robust and inclusive ecosystem for innovation and entrepreneurship in India. Start-up India has released a number of initiatives with the goal of assisting entrepreneurs and changing India into a nation of job creators rather than job seekers. The primary objective of the Indian Start-up Scheme is to develop and innovate products and services and create more job opportunities in India. This would further lead to an increased employment rate and help strengthen the economy. The government of India has all set to implement the scheme and has provided all the basic infrastructure for the implementation of the scheme in right perspective. The State of Maharashtra is ranking first at the all-India level in generation of employment opportunities. According to the Economic Survey 2021–22, India has approximately 61,400 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), with at least 14,000 recognized for the fiscal year 2022. the State of Maharashtra is ranking first at the all-India level in generation of employment opportunities. The above statistics indicates that the initiatives taken by the Govt. of India and the State-Government to foster the growth of Start-Ups has yielded fruits. The number of Indian youths is coming up in greater number, with their innovative ideas and making it a commercial preposition.  Startup is the latest buzzword in today's society. Startups are growing more rapidly than ever. Both men and women are starting their own businesses. Even women are contributing more ideas and taking the risk necessary to maintain their credibility. Indian startups make an effort to create a start-up environment with significant talent, education, and creativity as well as incubators and communication with financial organizations.

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Keywords: Innovation, Skill, Start-up, Govt. Initiatives. Employment Generation.


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