25,000 small cos hire 12 employees each under Start-up India programme: Mahendra Nath Pandey

According to the minister, Start-up India is a flagship initiative of the government of India, intended to catalyse start-up culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.

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Besides, under the PMKVY of Skill India Mission government has provided training to 40.27 lakh candidates till January 17, 2020.
An average of 12 employees are hired by nearly 25,000 startups under the government’s flagship programme Start-up India, skills minister Mahendra Nath Pandey informed Parliament on Monday.

“As on December 31, 2019, 26,804 start-ups across 555 districts have been recognized as start-ups by DPIIT. Employment of 3,06,848 jobs has been reported by 24,848 startups with an average number of 12 employees per startup," minister said in a response to a question in Lok Sabha.

According to the minister, Start-up India is a flagship initiative of the government of India, intended to catalyse start-up culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. The Department for Promotion of Industry and Internal Trade (DPIIT) acts as the nodal department for the Start-up initiative.


Besides, under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) of Skill India Mission government has provided training to 40.27 lakh candidates till January 17, 2020 under short-term training courses and 33.20 lakh candidates have been certified under the Recognition of Prior Learning (RPL) component of the scheme.

Further, under PMKVY (2016-20), in order to inculcate entrepreneurship in the candidates, training in english, employability & entrepreneurship (EEE) module of 155 hours is being imparted in addition to core curriculum of course, the minister said.

Moreover, under Stand-up India assistance is being given to start-ups, includes setting up Fund of Funds for Startups’ (FFS) at Small Industries Development Bank of India (SIDBI), for providing fund support for start-ups, relaxed norms in public procurement for start-ups, tax incentives, legal support and fast-tracking patent examination at lower costs, self-certification based compliance regime, setting up of incubators and tinkering labs, the minister said in a reply.
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