PM launches Start-up India movement, unveils action plan for encouraging Start-ups

PM launches Start-up India movement, unveils action plan for encouraging Start-ups

The Prime Minister, Shri Narendra Modi, today launched the Start-up India initiative in New Delhi. The launch by the Prime Minister this evening, was preceded by a day-long workshop on various aspects of entrepreneurship. 

The Prime Minister visited a virtual exhibition and interacted with Start-up entrepreneurs. 10 outstanding Start-up innovators shared their thoughts and experiences before the Prime Minister delivered his address. He said that when he had launched the Start-up India Initiative on 15th August, the announcement had virtually gone unnoticed, but today it had registered with people.

He said successful start-ups are usually created by those who are driven by an idea, or an urge to solve a problem that people face. He said making money is not the primary objective, but is often a by-product. He said Start-up innovators are often driven by a sense of compassion for others.

The Prime Minister said he wishes to turn the youth of India from job-seekers to job-creators. He said if a Start-up can offer employment to even five people, it would be doing a great service to the nation. He mentioned some areas where youth innovators should focus, including crop wastage, and cyber security.

The Prime Minister unveiled the highlights of the Start-up Action Plan. He said a dedicated Start-up fund worth Rs. 10,000 crore will be created for funding of Start-ups.

He said Start-ups will be exempted from paying income tax on their profit for the first three years. He said the Government is working on a simple exit policy for Start-ups. He also said the Government is working towards fast-tracking of Start-up patent applications.

He announced an eighty percent exemption in patent fee for Start-up businesses, and said a self-certification based compliance system for Start-ups would be introduced for 9 labour and environment laws. He said the Atal Innovation Mission will be launched to give a boost to innovation. 

Two Groups of Secretaries present ideas and suggestions to PM

As a follow-up to Prime Minister's exhortation to Secretaries to come up with ideas for transformative change in various areas of governance, two Groups of Secretaries presented their ideas and suggestions on (a) Innovative Budgeting and Effective Implementation (b) Swachh Bharat and Ganga Rejuvenation, to the Prime Minister, Shri Narendra Modi.

Union Ministers Shri Rajnath Singh, Shri Arun Jaitley, Smt. Sushma Swaraj, Shri Nitin Gadkari, and Shri Manohar Parrikar, besides all Secretaries to the Government of India were present. During and after the presentation, several members of the audience, including the Prime Minister and Union Ministers asked questions related to the theme of the presentation, and gave their suggestions.

Earlier, on the 12th January, the first group, on Energy Conservation and Efficiency, had made its presentation. 
PM presents certificates to innovators in the Indian Army, on the occasion of Army Day

The Prime Minister, Shri Narendra Modi, today presented certificates to innovative officers of the Indian Army. The certificates were presented to the officers for unique innovations done by these officers, in areas such as communications, counter-terror operations, simulation etc.

The certificates were presented by the Prime Minister, to these innovators during the "At-Home function" at the residence of the Chief of Army Staff, on the occasion of Army Day. The Defence Minister Shri Manohar Parrikar was also present.

The innovators also explained their work to the Prime Minister, in the presence of the Chief of Army Staff. 
PM to launch "Start-up India" movement tomorrow

The Prime Minister, Shri Narendra Modi, will launch the "Start-up India" movement at Vigyan Bhawan in New Delhi tomorrow. The launch event is aimed at celebrating the entrepreneurship spirit of country’s youth, and will be attended by CEOs and founders of top Start-ups from across the country and abroad.

The Prime Minister will visit a virtual exhibition and interact with Start-up entrepreneurs. He will release the Start-up Action Plan, and address the gathering.

The Prime Minister's arrival at the venue will be preceded by a day-long workshop on start-up entrepreneurship, which shall include panel discussions on various aspects of the subject.

A unique Question and Answer (Q&A) session titled “Face-to-face with Policy-makers” is also being organized wherein Secretaries of Key Government Ministries and Departments will answer questions on how Government will be creating an enabling ecosystem for Start-ups. The objective is to reinforce commitment of the Government towards creating an ecosystem that is conducive for growth of Start-ups.

The event shall also feature interactive talks with global leaders and venture capitalists such as Mr. Masayoshi Son (Founder and CEO, SoftBank) and Mr. Adam Nuemann (Founder, WeWork).

The event will be telecast live in IITs, IIMs, NITs, IIITs and Central Universities and to youth groups in over 350 districts of India. 

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