Q.Discuss the features of the Startup India Scheme of the Government of India.

The Startup India Scheme is a flagship Government of India initiative to build a strong ecosystem for nurturing innovation and startups.

Its features include promoting an entrepreneurial culture, creating awareness among the youth, and supporting the early phases of entrepreneurship, backed by action points such as simplification and hand …

The Startup India Scheme is a flagship initiative of the Government of India whose objective is to build a strong ecosystem for nurturing innovation and startups, so as to drive sustainable economic growth and generate large-scale employment. Its features may be discussed in two parts.

Aims of the scheme. The scheme specifically aims to:

1. Trigger an entrepreneurial culture and inculcate entrepreneurial values in society.
2. Create awareness about the charms and the process of entrepreneurship, especially among the youth.
3. Encourage more dynamic startups by motivating educated youth, scientists and technologists to take up entrepreneurship as a preferred and viable career.
4. Support the early phases of entrepreneurship — the pre-startup, nascent and early post-startup stages, and growth enterprises.
5. Broaden the entrepreneurial base by meeting the needs of under-represented groups such as women, socially and economically backward communities, and the Scheduled Castes and Scheduled Tribes.

Action points of the initiative. These aims are supported by measures such as:

• Simplification and hand-holding — making compliance for startups friendly and flexible. …