Sensational : See how PM Narendra Modi's start-up policies will make India stand up..!!!

India’s population is increasing day by day. India is having the largest number of youth in the world. Human resource is increasing rapidly. But on the other side, use of human resources is decreasing day by day due to the evolution of robots and new technologies. People are getting thrown out of jobs. Unemployment is also increasing rapidly. Though the government is working hard to give work to people, it is nowhere near to it’s goal.

We can see different type of youth because of this problem. We can see people going to foreign countries in search for job. Highly educated ones feel they’re underemployed here and fly to foreign. And there are one more kind who don’t have talent or resources to go abroad and hence they keep searching a job here in India while wasting their huge hidden talent. And at last there’s a special kind of people, who always wanted to do something new, unique. They are the ones who are unfolding their gifts to the world. Henceforth India is seeing huge number of start-ups getting opened here.As our Prime Minister says, Start up India - Stand up India..

Also because of the government policies like Make In India and Start-up India, people are getting inspired. Indian start-ups have been very phenomenal. According to recent reports, Indian start-ups are filing more patents now than ever before. It maybe because of encouragement given by government or  because Indian youth are loving to take more and more challenges. One of the greatest businessman of India, Ratan Tata has stated that Indian start-ups are not as disruptive as the ones from overseas.

According to the studies, India is the third largest start-up ecosystem in the world. In 2016, nearly 1 lakh jobs were provided by start-ups in India. 2017 has been astonishing for India so far. In the first quarter of 2017, 214 Indian tech start-ups raised a mammoth $1.46 Bn in funding. This is 25% in the number of deals and 122% jump in the total funding raised compared to the last quarter of 2016. Bengaluru has been the top city in terms of number of deals and total investment- 69 deals with $671Mn funding. The government will develop a fund with an initial corpus of Rs 2,500 crore and a total corpus of Rs 10,000 crore over four years, to support upcoming start-up enterprises. The Life Insurance Corporation of India will play a major role in developing this corpus. A committee of private professionals selected from the start-up industry will manage the fund.

      Even under Pradhan Mantri Mudra Yojana the govt of India has sanctioned Rs. 72960.14 crores for the new entrepreneurs during this financial year 2016-17. The new entrepreneurs have to keep in mind is that  Start-ups would not pay Income Tax for three years. This policy would revolutionise the pace with which start-ups would grow in the future. The logic is very simple. The government wants youth to be job creators and not job seekers. As the youth of this nation, we have to think about it.

India is becoming the hub for start-ups. The young Indian mind is contributing towards the economical and technological growth of the nation. People are getting self-employed. Also others are provided with employment opportunities. No doubt. The policies of present government will make India not only proud, but number 1 in the field of enterpreneurship. Let’s hope the best for these companies and hope that they’ll be world’s largest after a few years.

Source : 
http://catking.in/2016/04/08/startup-india-stand-up-india/  
   
                         -  Vishwamitra