Role of Government Schemes in Building Startup Ecosystem in India: A Qualitative Study
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.