<<–2/”>a >p class=”cs1FEDDE5E”>Make-in India – Start- up and Stand-up programmes
Make-in India
Make in India is the government’s flagship campaign intended to boost the domestic manufacturing Industry and attract foreign investors to invest into the Indian economy. The Indian Prime Minister, Mr. Narendra Modi first mentioned the keyphrase in his maiden Independence Day address from the ramparts of the Red Fort and over a month later launched the campaign in September 2014 with an intention of reviving manufacturing businesses and emphasizing key sectors in India amidst growing concerns that most entrepreneurs are moving out of the country due to its low rank in Ease of Doing Business ratings.
Manufacturing currently contributes just over 15% to the national GDP. The aim of this campaign is to grow this to a 25% contribution as seen with other developing nations of Asia. In the process, the government expects to generate jobs, attract much Investment/”>Foreign Direct Investment, and transform India into a manufacturing hub preferred around the globe.
For the Make in India campaign, the government of India has identified 25 priority sectors that shall be promoted adequately. These are the sectors where likelihood of FDI (foreign direct investment) is the highest and investment shall be promoted by the government of India.On the campaign launch, the Prime Minister Mr. Modi said that the development of these sectors would ensure that the world shall readily come to Asia, particularly to India where the availability of both democratic conditions and manufacturing superiority made it the best destinations, especially when combined with the effective governance intended by his administration.
India is a country rich in natural Resources. Labour is aplenty and skilled labour is easily available given the high rates of Unemployment among the educated class of the country. With Asia developing as the Outsourcing hub of the world, India is soon becoming the preferred manufacturing destination of most investors across the globe. Mae in India is the Indian government’s effort to harness this demand and boost the Indian economy. India ranks low on the “ease of doing business index”. Labour laws in the country are still not conducive to the Make in India campaign. This is one of the universally noted disadvantages of manufacturing and investing in India.
Startup India is a flagship initiative launched by the Government of India on 16th January, 2016 to build a strong eco-system for nurturing innovation and startups in the country which will drive economic Growth and generate large scale EMPLOYMENT opportunities. The Government through this initiative aims to empower startups to grow through innovation and design. The Standup India scheme was launched on 5th April, 2016 to facilitate bank loans from Scheduled Commercial Banks (SCBs) between Rs.10 lakh to Rs.1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) and one woman per bank branch for setting up a greenfield enterprise in trading, Services or manufacturing sector. The scheme is expected to benefit at least 2.5 lakh borrowers.
The salient features of Startup India are as follows:
SIMPLIFICATION and Handholding
- Simple Compliance Regime for startups based on Self-certification
- Launch of Mobile app and Portal for compliance and information exchange
- Startup India Hub to handhold startups during various phases of their development.
- Legal support and fast-tracking patent examination at reduced costs.
- Relaxed norms of public procurement for startups
- Faster exit for startups
Funding support and Incentives
- Providing funding support through a Fund of Funds with a corpus of Rupees 10,000 crore
- Credit guarantee fund for startups
- Tax exemption on capital gains invested in Fund of Funds
- Tax exemption to startups for 3 years
Industry-Academia PARTNERSHIP and Incubation
- Organizing Startup Fests to showcase innovations and providing collaboration platforms
- Launch of Atal Innovation Mission (AIM) with Self –Employment and Talent Utilization (SETU) Program of NITI Aayog
- Harnessing private sector expertise for setting up incubators
- Setting up of 7 new research parks modeled on the Research Park at IIT Madras
- Launching of innovation focused programs for students.
- Annual Incubator Grand Challenge to promote good practices among incubators.
The initiative provides for creating a credit guarantee fund for startups through Small Industries Development Bank of India (SIDBI) with a Corpus of Rs.500 crore per year for the next four years.
With this Action Plan the Government intends to accelerate spreading of the startup movement:
- From digital/technology sector to a wide array of sectors including agriculture, manufacturing, social sector, healthcare, Education, etc.; and
- From existing tier 1 cities to tier 2 and tier 3 cities including semi-urban and rural areas.
Stand up india
The Stand up India scheme aims at promoting Entrepreneurship among Women and scheduled castes and tribes. The scheme is anchored by Department of Financial Services (DFS), Ministry of Finance, Government of India. Stand-Up India Scheme facilitates bank loans between Rs 10 lakh and Rs 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or woman entrepreneur.
,
Make in India and Start-Ups are two of the most important initiatives of the Indian government. Both initiatives have the potential to transform the Indian economy and make India a global manufacturing and innovation hub.
Make in India is a government initiative to promote manufacturing in India. The initiative aims to attract foreign investment and create jobs in the manufacturing sector. The government has offered a number of incentives to companies that manufacture in India, including tax breaks, land subsidies, and access to government contracts.
Start-Up India is a government initiative to promote entrepreneurship and innovation in India. The initiative offers a number of benefits to start-ups, including tax breaks, mentorship, and access to government funding.
Both Make in India and Start-Up India have been successful in attracting foreign investment and creating jobs. However, both initiatives face a number of challenges. One of the biggest challenges is the lack of skilled workers in India. The government is working to address this challenge by investing in education and training.
Another challenge is the lack of Infrastructure-2/”>INFRASTRUCTURE in India. The government is working to address this challenge by investing in roads, railways, and Airports.
Despite the challenges, Make in India and Start-Up India have the potential to transform the Indian economy. Both initiatives are creating jobs and attracting foreign investment. The government is working to address the challenges that both initiatives face. With continued government support, Make in India and Start-Up India can help India become a global manufacturing and innovation hub.
Start-Ups in India
A start-up is a company that is in the early stages of its development and is usually seeking to grow rapidly. Start-ups are often founded by entrepreneurs who have a vision for a new product or service. Start-ups can be found in a variety of industries, including technology, healthcare, and finance.
Start-ups face a number of challenges, including funding, regulations, and competition. However, start-ups also have a number of advantages, including innovation, flexibility, and speed.
The Indian government has been supportive of start-ups in recent years. The government has launched a number of initiatives to support start-ups, including Startup India and Atmanirbhar Bharat Abhiyan. These initiatives have provided start-ups with access to funding, mentorship, and other resources.
The Indian start-up ecosystem has grown rapidly in recent years. The number of start-ups in India has increased from around 3,000 in 2014 to over 60,000 in 2020. The value of Indian start-ups has also increased significantly, from around $10 billion in 2014 to over $300 billion in 2020.
The Indian start-up ecosystem is home to a number of successful companies, including Flipkart, Paytm, Ola, and Zomato. These companies have raised billions of dollars in funding and have created thousands of jobs.
The Indian start-up ecosystem is still in its early stages, but it has the potential to become one of the most vibrant start-up Ecosystems in the world. The Indian government’s support for start-ups, along with the country’s large Population and growing economy, are creating a favorable Environment for start-ups to thrive.
What is Artificial Intelligence (AI)?
Artificial intelligence (AI) is the ability of a computer or machine to mimic the capabilities of a human brain. This includes Learning from experience, solving problems, and making decisions.
What are the different types of AI?
There are many different types of AI, but some of the most common include:
- Machine learning: This is a type of AI that allows computers to learn without being explicitly programmed. Machine learning algorithms can be used to solve a variety of problems, such as image recognition, natural language processing, and fraud detection.
- Natural language processing (NLP): This is a field of AI that deals with the interaction between computers and human language. NLP algorithms can be used to understand and generate human language, as well as to translate languages.
- Computer vision: This is a field of AI that deals with the extraction of meaningful information from digital images or Videos. Computer vision algorithms can be used to identify objects, track movement, and recognize faces.
- Robotics: This is a field of AI that deals with the design, construction, operation, and application of robots. Robots are often used in manufacturing, Logistics, and healthcare.
What are the benefits of AI?
AI has the potential to revolutionize many industries and improve our lives in a number of ways. Some of the potential benefits of AI include:
- Increased productivity: AI can be used to automate tasks that are currently done by humans, which can lead to increased productivity.
- Improved decision-making: AI can be used to analyze large amounts of data and identify patterns that humans might miss. This can lead to better decision-making in a variety of areas.
- Personalized experiences: AI can be used to tailor experiences to individual users. This can be done in areas such as Marketing, customer service, and education.
- New products and services: AI can be used to develop new products and services that meet the needs of users. This can lead to innovation and economic growth.
What are the risks of AI?
While AI has the potential to benefit Society, it also poses some risks. Some of the potential risks of AI include:
- Job displacement: As AI becomes more sophisticated, it is likely that it will automate more and more tasks that are currently done by humans. This could lead to job displacement and unemployment.
- Bias: AI algorithms can be biased, which can lead to discrimination. For example, an AI algorithm that is used to make decisions about who gets a loan could be biased against certain groups of people.
- Loss of control: As AI becomes more powerful, it is possible that we could lose control of it. This could lead to AI systems that are dangerous or harmful.
- Existential risk: Some experts believe that AI could pose an existential risk to humanity. This means that AI could potentially destroy humanity, either intentionally or unintentionally.
What is the future of AI?
The future of AI is uncertain. Some experts believe that AI will continue to grow in power and sophistication, and that it will eventually surpass human intelligence. Others believe that AI will eventually reach a plateau, and that it will never be able to match the full range of human capabilities. Only time will tell what the future holds for AI.
Question 1
Which of the following is not a goal of the Make in India initiative?
(A) To increase the manufacturing sector’s contribution to GDP
(B) To create jobs
(C) To reduce imports
(D) To increase exports
Answer
(D) To increase exports
The Make in India initiative is a government program that aims to increase the manufacturing sector’s contribution to GDP, create jobs, and reduce imports. The program does not specifically mention increasing exports.
Question 2
Which of the following is not a challenge to the Make in India initiative?
(A) Lack of infrastructure
(B) Skill shortage
(C) Bureaucracy
(D) Corruption
Answer
(D) Corruption
Corruption is a challenge to many government initiatives, but it is not specifically mentioned as a challenge to the Make in India initiative. The other three Options are all challenges that have been identified by the government.
Question 3
Which of the following is a success story of the Make in India initiative?
(A) The launch of the Tata Nano
(B) The opening of the Maruti Suzuki plant in Gujarat
(C) The construction of the Delhi-Mumbai Industrial Corridor
(D) The launch of the Make in India Week
Answer
(C) The construction of the Delhi-Mumbai Industrial Corridor
The Delhi-Mumbai Industrial Corridor is a planned industrial corridor that will connect the cities of Delhi and Mumbai. The corridor is expected to create millions of jobs and attract billions of dollars in investment.
Question 4
Which of the following is a criticism of the Make in India initiative?
(A) The initiative is not doing enough to promote manufacturing in rural areas
(B) The initiative is not doing enough to attract foreign investment
(C) The initiative is not doing enough to address the skill shortage
(D) All of the above
Answer
(D) All of the above
The Make in India initiative has been criticized for not doing enough to promote manufacturing in rural areas, attract foreign investment, and address the skill shortage.
Question 5
The Make in India initiative is a government program that aims to:
(A) Increase the manufacturing sector’s contribution to GDP
(B) Create jobs
(C) Reduce imports
(D) All of the above
Answer
(D) All of the above
The Make in India initiative is a government program that aims to increase the manufacturing sector’s contribution to GDP, create jobs, and reduce imports.