The Union Cabinet chaired by Prime Minister Narendra Modi on March 22 approved Rs 1,000-crore initial corpus for the Fund of Funds for Start-ups (FFS), which was established in June last year. According to the Cabinet decision, Alternate Investment Funds (AIFs) supported by FFS shall invest at le…
Tag: Department of Industrial Policy and Promotion
Govt’s credit guarantee scheme to give start-ups a loan lifeline of up to Rs 5 cr
Start-ups will soon be able to take loans of up to Rs 5 crore without collateral through a credit guarantee scheme prepared by the government. The scheme is awaiting cabinet approval and is likely to become functional soon under the supervision of the Department of Industrial Policy and Promotion…
Government plans first start-up district with incubators
NEW DELHI: India will soon have its first start-up district with incubation centres and about 20 tinkering labs for schools aimed at encouraging the creation of innovative solutions in agriculture, health and education. Commerce & Industry Minister Nirmala Sitharaman, who is a Rajya Sabha MP …
Start-Up India is open for all|DIPP Secretary Ramesh Abhishek
The start-up revolution has taken over the country. Started on January 16, 2016 as an initiative to push the spirit of ‘self-employment’, the leg up of Start-Up India has been phenomenal. The journey has witnessed a humongous share from Department of Industrial policy and Promotion (DIPP), under …
Ease of doing business: 12 states implement 75% of reforms
As many as a dozen states, including Uttarakhand, Rajasthan and Jharkhand, have implemented 75% of the reform initiatives under the ease of doing business programme, reflecting positive sentiments, Commerce Minister Nirmala Sitharaman said on September 22. These three states are followed by Telan…
Government to involve states to push startups
In order to give impetus to startups, the government will hold detailed discussions here with states and other stakeholders on July 23. The main aim of the day-long function is to share knowledge and best practices being followed by few states on promoting budding entrepreneurs, an official said.…
Policy changes to bring more startups in medium industry
The government is considering policy changes to broaden and energise one of PM Narendra Modi’s pet initiatives, Startup India, to include a bigger number of startups under the ‘medium industry’ category that would be eligible for public procurement incentive and preferential ben…
DIPP mapping incubation centres for entrepreneurs
Flooded with over 400 calls a day at the recently launched Startup Hub, the government is scaling up big time to deal with the deluge of budding entrepreneurs. The Department of Industrial Policy and Promotion (DIPP) has started mapping incubation centres across the country to extend help to busi…
20% of all applications received from smaller towns | Startup Expo
The Indian startup revolution is not limited to metros anymore; one-fifth of applications for a Startup Expo being organised by Lufthansa Airlines and The Indus Enterprise have come from smaller towns. Out of 34,000 applications for the one-day expo in Gurgaon this weekend, about 20% came from to…
Rs 22,595 crore so far initiated from Tamil Nadu’s global investors’ meet
Tamil Nadu government has said that 45 projects worth around Rs 22,595 crore has so far been initiated from the investment memoranda the government has entered with the companies in the Global Investors’ Meet, 2015. The government has taken all steps to support the companies, which signed m…