Technology has changed the way in which young India thinks today. And, the changing thought process has given birth to new lifestyle and even career trends and to fill this requirement an innovative startup culture has caught on in India that is all set to transform the country and push it into the modern age. Significantly, this burgeoning culture by young-Turks of India is being supported by the government. This is being done through regulations and incentives like the MUDRA Bank scheme, an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds. Similarly, several state government's have also initiated certain programs to support the startup culture. Prime Minister Narendra Modi, who launched the Startup India initiative on August 15, 2015, has expressed confidence in the abilities of the startups to change the face of India. He said the startup ecosystem will help India to emerge as a $5-trillion economy, a target set by his government.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Startup

The most important part in a startups journey is the initial seed of the idea. That idea, if if it germinates, has explosive potential to change vast tracts of the economy or at least the segment that it is targetting. However, these ideas end up being restricted either in the mind itself or due to lack of support or guidance, it dies an untimely death. To ensure this does not happen, much more is required to be done. While the government has taken various significant steps, the private sector too needs to raise its hands and come up with a suitable support infrastructure that promotes startups. 

See Zee Business Live TV streaming below:

https://www.growthmattersforum.com/dare2dreamawards/ to nominate your organisation / any member / yourself, or register as an attendee. 8 cities. 7 award categories. Enroll now.