PM Modi announces 1000 crore fund for startup
PM Narendra Modi on Saturday announced a Rs 1,000-crore Startup India Seed Fund to encourage startups. He said that this will boost employment opportunities.
Addressed through press conferencing
Addressing the ‘Start: Start-up India International Conference’ through video conferencing, Modi said that several steps are being taken to ensure that there is no shortage of capital for startups in the country. This will help to start new startups and promote their growth. On the occasion, he also inaugurated a television show Start-up Champions program, which will be broadcast on Doordarshan (DD).
Also read: Petrol becomes expensive by 1 rupee in early 2021, know today’s rates in your cityHe also said that the government has already implemented the scheme of fund of funds to help in raising equity capital for start-ups. Along with this, the government is also going to help start-ups in raising funds through guarantees in the coming days.
India became the third country in terms of startup
Modi said that today India has become the third largest country in the world in terms of start-ups. During this period, many emerging entrepreneurs were helped by India. With innovative technology, these entrepreneurs have progressed and many big companies have been formed in them.
Inauguration of television show
On the occasion, he also inaugurated a television show Start-up Champions program, which will be broadcast on Doordarshan (DD). During the program, the Prime Minister heard about the work of start-ups in several places in India along with Chennai, Bhopal, Ghaziabad, Sonipat. During this, he also heard the achievements of start-ups of BIMSTEC countries including Bangladesh, Bhutan, Myanmar, Nepal.
Also read: Take a simple life insurance policy with low income, know how much risk cover you will get…
41 thousand startups engaged under the campaign
Modi said that today more than 41,000 startups in the country are engaged in campaigns, in which more than 5,700 are in IT sector. More than 1,700 are working in the agricultural sector. This situation has been created in the last five years. Before 2014, only four startups in the country were in the Unicorn Club, whereas today more than 30 startups are in this club.