https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

“Over 1.4 Lakh Startups Have Been Recognised In India,” Says Union Minister of State for Commerce and Industry

Out of this, over 25,000 are recognised in Maharashtra. It is followed by Karnataka (15,019), Delhi (14,734), Uttar Pradesh (13,299) and Gujarat (11,436)
Indian Masterminds Stories

It was recently announced on the floor of the parliament that the Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1.40 lakh entities as startups across India. These startups are eligible for a host of incentives, including income tax benefits under the startup Indian action plan, which was announced in 2016. Out of this, over 25,000 are recognised in Maharashtra. It is followed by Karnataka (15,019), Delhi (14,734), Uttar Pradesh (13,299) and Gujarat (11,436).

With the objective of building a strong ecosystem for nurturing innovation, and startups and encouraging investments in the startup ecosystem of the country, the Union Government launched the Startup India initiative on 16th January 2016.

The Minister of State for Commerce and Industry, Mr. Jitin Prasdada, informed that under the Startup India Seed Fund Scheme, Rs 90.52 crore was approved to startups by incubators as of June 30th as against Rs 186.19 crore in 2023. The total number of startups selected by the incubators under this scheme was 592 as against 1025 in 2023. Similarly, under Fund of Funds for Startups, Rs 805.86 crore was invested in the startups by supported AIFs (Alternate Investment Funds) as of June 30th as against Rs 3,366.48 crore in 2023. 


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Maharashtra Forest Dept
Sahyadri Tiger Reserve to Get 8 New Tigers from Tadoba-Andhari and Pench as Maharashtra Eases Overcrowding
government_of_rajasthan-resized
Rajasthan Government Withdraws NOC for Senior IAS Officer Krishna Kant Pathak, Signals Tight Control Over Bureaucracy
UPSC Image
Faster UPSC Mains Evaluation? Commission Plans In-House ChatGPT-Style AI
Nepal Administrative Service
Nepal’s ‘Gen Z Revolution’ Sparks Interest in IAS & UPSC-Equivalent Careers - How to Join Civil Services in Nepal
REC-VoW Book Awards 2025 winners
Valley of Words Announces 2025 REC-VoW Book Award Winners Across English, Hindi & Children's Literature
Rafale Fighter Jets
Defence Ministry Examines IAF’s ₹2 Lakh Crore Proposal for 114 Rafales, India’s Largest Fighter Jet Buy
Rajasthan Government
Officer Crunch in Rajasthan: Govt Blocks IAS, IPS, IFS Deputation to Centre, Denies KK Pathak’s Transfer
Manoj Ahuja
Odisha Chief Secretary Calls for ‘Preventive Vigilance’ Across Departments, Citing Urgent Need to Tackle Root Causes of Corruption
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
How Modern Forensics Helps Police Solve Crimes – IPS Officer Shikha Goel Explains | Video Interview
IPS Shikha Goel
Decoding Digital Dangers: Insights from IPS Shikha Goel on Cyber Crimes
IPS Mukesh Kumar Bhamoo
Managing Elections, Communal Tensions, and Public Safety – Meet IPS Mukesh Kumar Bhamoo | Video Interview
ADVERTISEMENT
UPSC Stories
Ishwarlal Gurjar UPSC
10th Grade Failure to Indian Police Service: Ishwarlal Gurjar’s UPSC Success Path
Read the inspiring journey of Ishwarlal Gurjar from a small village in Rajasthan to becoming an IPS officer....
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
Social Media
IAS Medha Roopam
IAS Medha Roopam’s Inspiring Dedication in Flood-Hit Noida Goes Viral: Focuses on Relief, Education Amid Heavy Rains
Books in One Hand, Umbrella in Other: Noida DM Medha Roopam Leads Flood Relief from the Front
IAS Sakshi Sawhney Amritsar DC
Punjab Floods: IAS Sakshi Sawhney’s Emotional Appeal to Elderly Man Wins Hearts, Video of Humanity Goes Viral
Viral Video Captures Emotional Moment as Amritsar DC Shows Sensitivity and Courage Amid Relief Effor...
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Maharashtra Forest Dept
Sahyadri Tiger Reserve to Get 8 New Tigers from Tadoba-Andhari and Pench as Maharashtra Eases Overcrowding
government_of_rajasthan-resized
Rajasthan Government Withdraws NOC for Senior IAS Officer Krishna Kant Pathak, Signals Tight Control Over Bureaucracy
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
IPS Shikha Goel
IPS Mukesh Kumar Bhamoo
ADVERTISEMENT
ADVERTISEMENT