<<–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.
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The Stand Up India scheme is a government initiative to promote entrepreneurship among women and SC/STs. The scheme provides financial assistance of up to Rs. 10 lakh to each beneficiary. The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a government initiative to provide skill training to youth. The scheme aims to train 500 million people by 2022. The Atal Innovation Mission (AIM) is a government initiative to promote innovation and entrepreneurship in India. The scheme aims to set up 100 Atal Incubation Centers (AICs) across the country. The Startup India scheme is a government initiative to promote entrepreneurship in India. The scheme provides a number of benefits to startups, including tax breaks, easy access to credit, and incubation support. The Stand Up India scheme is a government initiative to promote entrepreneurship among women and SC/STs. The scheme provides financial assistance of up to Rs. 10 lakh to each beneficiary. The Digital India scheme is a government initiative to promote digital Literacy and Infrastructure-2/”>INFRASTRUCTURE in India. The scheme aims to connect all villages in India with broadband Internet and provide digital literacy to 500 million people by 2022. The Make in India scheme is a government initiative to promote manufacturing in India. The scheme aims to increase the share of manufacturing in India’s GDP from 16% to 25% by 2022. The Skill India scheme is a government initiative to provide skill training to youth. The scheme aims to train 400 million people by 2022. The Startup India Action Plan is a government document that outlines the steps that the government will take to promote entrepreneurship in India. The Stand Up India Action Plan is a government document that outlines the steps that the government will take to promote entrepreneurship among women and SC/STs. The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Action Plan is a government document that outlines the steps that the government will take to provide skill training to youth. The Atal Innovation Mission (AIM) Action Plan is a government document that outlines the steps that the government will take to promote innovation and entrepreneurship in India.
The Stand Up India scheme was launched in 2015 with the aim of promoting entrepreneurship among women and SC/STs. The scheme provides financial assistance of up to Rs. 10 lakh to each beneficiary. The scheme is implemented by the Ministry of Micro, Small and Medium enterprises (MSME).
The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) was launched in 2015 with the aim of providing skill training to youth. The scheme aims to train 500 million people by 2022. The scheme is implemented by the Ministry of Skill development and Entrepreneurship (MSDE).
The Atal Innovation Mission (AIM) was launched in 2015 with the aim of promoting innovation and entrepreneurship in India. The scheme aims to set up 100 Atal Incubation Centers (AICs) across the country. The scheme is implemented by the Department of Science and Technology (DST).
The Startup India scheme was launched in 2016 with the aim of promoting entrepreneurship in India. The scheme provides a number of benefits to startups, including tax breaks, easy access to credit, and incubation support. The scheme is implemented by the Department of Industrial Policy and Promotion (DIPP).
The Stand Up India scheme has been successful in promoting entrepreneurship among women and SC/STs. The scheme has provided financial assistance to over 1 lakh beneficiaries. The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) has been successful in providing skill training to youth. The scheme has trained over 1 crore people. The Atal Innovation Mission (AIM) has been successful in promoting innovation and entrepreneurship in India. The scheme has set up over 50 Atal Incubation Centers (AICs) across the country. The Startup India scheme has been successful in promoting entrepreneurship in India. The scheme has provided benefits to over 10,000 startups.
The Digital India scheme has been successful in promoting digital literacy and infrastructure in India. The scheme has connected over 50,000 villages with broadband internet and provided digital literacy to over 100 million people. The Make in India scheme has been successful in promoting manufacturing in India. The scheme has increased the share of manufacturing in India’s GDP from 16% to 20%. The Skill India scheme has been successful in providing skill training to youth. The scheme has trained over 300 million people.
The Startup India Action Plan, the Stand Up India Action Plan, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Action Plan, the Atal Innovation
Here are some frequently asked questions and short answers about Make in India, Start Up, and Stand Up Programmes:
What is Make in India?
Make in India is a national manufacturing program launched by the Government of India in 2014. The program aims to attract foreign direct investment (FDI) and promote domestic manufacturing.What are the benefits of Make in India?
The benefits of Make in India include:- Increased employment opportunities
- Increased exports
- Reduced imports
- Improved technology transfer
- Increased innovation
What are the challenges of Make in India?
The challenges of Make in India include:- High cost of production
- Lack of skilled labor
- Poor infrastructure
- Bureaucratic red tape
What is a start-up?
A start-up is a company that is in the early stages of development. Start-ups are typically founded by entrepreneurs who have a new idea for a product or service.What are the benefits of start-ups?
The benefits of start-ups include:- Innovation
- Job creation
- Economic growth
What are the challenges of start-ups?
The challenges of start-ups include:- Lack of funding
- Competition
- Regulation
What is a stand-up comedy show?
A stand-up comedy show is a performance in which a comedian tells jokes and stories to an audience. Stand-up comedy shows are typically held in bars, clubs, and theaters.What are the benefits of stand-up comedy?
The benefits of stand-up comedy include:- Entertainment
- Stress relief
- Socialization
What are the challenges of stand-up comedy?
The challenges of stand-up comedy include:- Public speaking
- Writing jokes
- Dealing with hecklers
Sure. Here are some multiple choice questions about Make in India, Start Up and Stand Up Programmes:
What is the goal of the Make in India initiative?
(A) To increase the manufacturing output of India
(B) To reduce the import of goods into India
(C) To create jobs in India
(D) All of the aboveWhich of the following is not a benefit of the Make in India initiative?
(A) Increased manufacturing output
(B) Reduced import of goods
(C) Increased employment
(D) Increased pollutionWhat is the goal of the Start Up India initiative?
(A) To promote entrepreneurship in India
(B) To provide financial assistance to startups
(C) To provide infrastructure support to startups
(D) All of the aboveWhich of the following is not a benefit of the Start Up India initiative?
(A) Increased entrepreneurship
(B) Increased innovation
(C) Increased job creation
(D) Increased pollutionWhat is the goal of the Stand Up India initiative?
(A) To promote entrepreneurship among women and SC/ST entrepreneurs
(B) To provide financial assistance to women and SC/ST entrepreneurs
(C) To provide infrastructure support to women and SC/ST entrepreneurs
(D) All of the aboveWhich of the following is not a benefit of the Stand Up India initiative?
(A) Increased entrepreneurship among women and SC/ST entrepreneurs
(B) Increased innovation among women and SC/ST entrepreneurs
(C) Increased job creation among women and SC/ST entrepreneurs
(D) Increased pollutionWhich of the following is not a challenge faced by the Make in India initiative?
(A) Lack of skilled manpower
(B) Poor infrastructure
(C) Bureaucratic red tape
(D) All of the aboveWhich of the following is not a challenge faced by the Start Up India initiative?
(A) Lack of funding
(B) Lack of infrastructure
(C) Lack of skilled manpower
(D) All of the aboveWhich of the following is not a challenge faced by the Stand Up India initiative?
(A) Lack of funding
(B) Lack of infrastructure
(C) Lack of skilled manpower
(D) All of the aboveWhich of the following is the most important factor for the success of the Make in India, Start Up and Stand Up Programmes?
(A) Government support
(B) Private sector participation
(C) Public support
(D) All of the above