“Startups in India- Retrospect and Prospects”

Abstract

India is a developing country and tries to be developed in future. India is the largest economy in the world. Population wise it placed 2^nd position all over the world. New employment scheme is applied by the government. But it is not possible to provide full employment due to scarcity of resources to the people. So government of India makes a plan to provide employment to people by their own efforts. Government starts a scheme of STARTUP INDIA. It was start on 16 January, 2016 in Vigyan Bhawan, New Delhi. It is a scheme in which loan is provided to those people who have unique idea regarding employment. A person who want to start his business and due to financial problem he is not able to start then government take initiatives to help him by providing loan of 10 lakh to 1 crore. In this scheme not only loan is provided but direction is also provided by the government. Special development training programme is also organized by the government to improve the skills of people. To encourage the people to join startup scheme tax benefits are also provided.