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TMI BlogRecognised startups create over 16.6 lakh direct jobs across more than 55 varied industriesX X X X Extracts X X X X X X X X Extracts X X X X ..... Recognised startups create over 16.6 lakh direct jobs across more than 55 varied industries - News and Press Release Dated:- 6-12-2024 - News - Recognised startups create over 16.6 lakh direct jobs across more than 55 varied industries - - - Dated:- 6-12-2024 - Under the Startup India initiative, the Government constantly undertakes various efforts for the development and growth of the startup ecosystem and to enhance job creation in the country. Entities recognised as startups by the Department for Promotion of Industry and Internal Trade (DPIIT) as per eligibility conditions prescribed under G.S.R. notification 127 (E) dated 19th February 2019 has reportedly created over 16.6 lakh direct jobs across more than 55 varied industries which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... include areas beyond technology as well. Industry-wise details of direct jobs created by entities recognised as startups by DPIIT as of 31 st October 2024 (self-reported): S. No. Industry Number of direct jobs 1 Advertising 11,839 2 Aeronautics Aerospace Defence 12,801 3 Agriculture 83,307 4 Artificial Intelligence (AI) 23,918 5 Airport Operations 1,205 6 Analytics 9,450 7 Animation 2,104 8 AR VR (Augmented + Virtual Reality) 5,848 9 Architecture Interior Design 10,326 10 Art Photography 4,441 1 1 Automotive 39,535 12 Biotechnology 3,557 13 Chemicals 16,675 14 Computer Vision 2,484 15 Construction 88,702 16 Dating Matrimonial 717 17 Design 9,039 18 Education 90,414 19 Enterprise Software 24,899 20 Events 5,503 21 Fashion 24,253 22 Finance T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... echnology 56,819 23 Food Beverages 88,468 24 Green Technology 27,808 25 Healthcare Lifesciences 1,47,639 26 House-Hold Services 17,530 27 Human Resources 87,983 28 Indic Language Startups 3,453 29 Internet of Things 14,885 30 IT Services 2,04,119 31 Logistics 11,608 32 Marketing 29,685 33 Media Entertainment 20,515 34 Nanotechnology 1,850 35 Non- Renewable Energy 12,856 36 Other Specialty Retailers 14,179 37 Others 28,278 38 Passenger Experience 252 39 Pets Animals 3,054 40 Professional Commercial Services 94,060 41 Real Estate 15,873 42 Renewable Energy 41,523 43 Retail 33,114 44 Robotics 5,956 45 Safety 9,245 46 Security Solutions 27,907 47 Social Impact 7,973 48 Social Network 5,136 49 Sports 6,500 50 Technology Hardware 50,894 51 Teleco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mmunication Networking 16,524 52 Textiles Apparel 38,867 53 Toys and Games 4,802 54 Transportation Storage 30,509 55 Travel Tourism 23,828 56 Waste Management 12,810 TOTAL 16,67,519 The flagship Schemes namely, Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) support startups at various stages of their business cycle. The Government also implements periodic exercises and programs including States Startup Ranking, National Startup Awards, and Innovation Week which play an important role in the holistic development of the startup ecosystem. Initiatives to improve market access and enable public procurement support startups in growing and scaling up their businesses. Digit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al platforms such as the Startup India Hub portal and Bharat Startup Knowledge Access Registry (BHASKAR) enable easy access to resources and startup ecosystem collaboration. These measures are complemented by regulatory reforms and other ecosystem development events and programs. The Government with an intent to build a strong ecosystem for nurturing innovation, startups and encouraging investments in the startup ecosystem of the country launched the Startup India initiative on 16th January 2016. For effective implementation of Startup India initiative across the country, the Government unveiled Startup India Action Plan comprising of schemes and incentives envisaged to create a vibrant startup ecosystem in the country. The Action Plan comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rises 19 action items spanning across areas such as Simplification and handholding , Funding support and incentives and Industry-academia partnership and incubation . These programs are implemented on a Pan-India basis with certain specific outreach and awareness measures for tier 2 and tier 3 cities. Such measures inter-alia include capacity building and handholding, ecosystem development and international linkages. The details of various measures being undertaken to ensure that the benefits of the Startup India initiative are effectively reaching startups across the country: Capacity Building and Handholding Capacity building workshops are undertaken throughout the year across regions including non-metro cities under the States Startup Ra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nking ( SRF ) exercise to promote and handhold States and UTs in developing regional ecosystems. Monitoring, capacity development, and handholding sessions are also conducted specifically for incubators beyond metro cities and regions. Outreach and Awareness Outreach and awareness activities for startups are organized across the country including in areas beyond metropolitan cities. These activities include encouraging entrepreneurs from non-metropolitan cities and enabling opportunities for funding, incubation, mentorship and business linkages in collaboration with State/UT administrations. Various startup showcases are also organised where startups pitch their business proposals to investors and participate in capacity building activities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The programs implemented under the Startup India initiative are also propagated through various social media platforms. Ecosystem Development Events and Programs Various national ecosystem development events and programs are held such as the Startup Mahakumbh, which fosters innovation and entrepreneurship by bringing the ecosystem together from various parts of the country; ASCEND (Accelerating Startup Caliber Entrepreneurial Drive) sensitization workshops on startups and entrepreneurship are conducted across North Eastern States to support upcoming entrepreneurs from the region; and the Startup India Innovation week is held around the National Startup Day i.e., 16th January, to celebrate entrepreneurship and promote innovation with stake ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... holders from across India. International Exposure and Linkages The Startup20 Engagement Group was institutionalised under India s G20 Presidency to facilitate harmonisation and cross collaboration amongst the largest global economies. The meetings and engagements of Startup20 Engagement Group under India s G20 Presidency were held across the country providing access to global market, visibility and resources of India s regionals startup ecosystems. International linkages are further developed through international Government to Government partnerships, participation in international forums, hosting of global events, and international bridges with different countries that aid in promoting cross collaboration. Encouraging Ecosystem Collaborat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion The Government launched the Startup India Hub portal for stakeholders of the entrepreneurial ecosystem in India to discover resources, information, and various benefits under the Startup India initiative on a common digital platform. This portal enables various programs and initiatives to be accessed digitally, improving accessibility for entrepreneurs and startups even from non-metro cities and regions. Further, the Government has launched the Bharat Startup Knowledge Access Registry (BHASKAR) which is a platform designed to centralize, streamline, and enhance collaboration among key stakeholders within the entrepreneurial ecosystem, which is enabling startups and entrepreneurs from non-metro cities and regions to connect with the larg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er startup ecosystem. This information has been provided by the Union Minister of Commerce and Industry, Shri Piyush Goyal in a written reply in the Rajya Sabha today. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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