Page 54 - MANN KI BAAT (English)

Startup India

9 years of transforming the nation's

entrepreneurial landscape

Friends, just a few days India, a nation with 65% of its
ago, Startup India has population under 35, needed a
completed 9 years. More than structured platform to channel
half of the startups that have
been formed in our country in entrepreneurial aspirations. On
these 9 years are from Tier 2 August 15, 2015, Prime Minister
and Tier 3 cities, and when we Narendra Modi announced the
hear that, every Indian's heart is 'Startup India' initiative, which
delighted with the fact that our was formally launched on
Startup culture is not limited to
just big cities. January 16, 2016. His vision was to
create job providers rather than
-Prime Minister Narendra Modi job seekers, a vision that has
(in 'Mann ki Baat' address) since transformed India's startup
ecosystem. Today, India boasts
over 1.5 lakh startups and more
than 118 unicorns.
Evolution of India's Startup
The success of Startup India
stems from strategic policies
that provided financial aid,
tax exemptions, and funding
avenues like the Mudra loan
scheme (up to Rs 20 lakh) and a
Rs 1 lakh crore research fund. The
ecosystem expanded beyond
“This is India’s time. Not just metro cities, reaching over 600
districts and covering sectors
for big cities, not just for men,
such as agriculture, textiles,
not just for the privileged. It’s for
medicine, transport, and space.
everyone with an idea and the From a mere 500 startups
courage to pursue it. And that, to in 2014, India has become the
world’s third-largest startup
me, is the true spirit of Startup
ecosystem.
India.”
In recognition of this
-Nikhil Kamath growth, National Startup Day
Investor and Entrepreneur was introduced on January 16,
2022. India's global standing

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