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Research Article | Open Access
Volume 14 2022 | None
Role of Government Schemes in Building Startup Ecosystem in India: A Qualitative Study
Anjali Malik
Pages: 8991-8994
Abstract
The startup ecosystem in India is fostered and nurtured in large part by government programmes. These programmes seek to promote, encourage, and provide resources to startups and entrepreneurs, encouraging innovation, job creation, and economic progress. The Government of India's "Startup India" campaign is one such important endeavour. Numerous programmes and incentives have been implemented as part of the Startup India initiative to foster a supportive environment for startups. These consist of tax advantages, simpler regulatory compliance, funding and capital access, and capacity building initiatives. Government major programmes emphasize entrepreneurship and innovation among researchers and students. In addition, the government has set up incubators and accelerators across the nation to offer networking opportunities, infrastructure, and mentoring to companies. By providing financial support for early-stage firms throughout their initial growth period, the Startup India Seed Fund was established to help these businesses even further. These government initiatives have been crucial in promoting a thriving startup environment in India. They have supported ambitious business owners in taking chances, given them the resources they need, and enabled their interactions with professionals in the field.
Keywords
Startup India, Government programmes, Incentives, Incubators and accelerators, Funding and capital access, Entrepreneurship, Thriving startup environment.
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