8 Yrs-Developement India
8 Yrs-Developement India
8 Yrs-Developement India
Startup India
India has the 3rd largest startup ecosystem globally with over 90,565 DPIIT-
recognized startups and 108 unicorns.
India is largest in numbers of startups being added every hour i.e., 4 startups/per
hour. Startups have led to the creation of more than 7 lakh jobs in last 6 years
across the country, with 45% of them having a base in tier 2 and 3 cities.
India has around 400 incubators and is planning to increase the number to 1000
in the coming years to help more startups coming from Tier 2 & Tier 3 cities.
A nodal entity called ‘MEITY Start-up Hub' (MSH) has been setup, in order to,
facilitate MEITY’s vision of promoting technology innovation, start-ups and
creation of Intellectual Properties
o MSH acts as a national coordination, facilitation and monitoring centre
integrating all tech startups and innovation related activities of MeitY
o MSH with an aggregation of close to 3000 startups, 400 plus incubators
and 400 mentors has gradually emerged as a fully functional tech-agnostic
pan India entity
o MSH connects all 51 MEITY TIDE 2.0 Centers, close to 30 Centers of
Excellences, SAMRIDH Scheme for Accelerators, Theme based
Incubation Centres, investors, service providers, academia, corporates
with each other and most critically to startups
Digital India GENESIS (Gen-Next Support for Innovative Startups) a national
Deep-tech Startup Platform with an outlay of 750+ crores
Ministry of Railways recently launched “Startups for Railways” initiative. As part
of this initiative, Indian Railways Innovation Portal h as also gone live. As of
now, it has already seen a total of 788 registrations with 205 of them being
startups, and the rest being individual innovators, MSMEs, NGOs etc.
India Post Payments Bank (IPPB), under Department of Posts (DoP) launched
‘Fincluvation’– a joint initiative to collaborate with Fintech Startup community to
co-create and innovate solutions for financial inclusion.
Blockchain -
MeitY has supported a multi-institutional project titled “Distributed Centre of
Excellence in Blockchain Technology”.
o Have carried out research on the use of Blockchain technology in property
registration, Cloud Security Assurance, Central Know Your Customers
(CKYC) and trade finance.
NIC along with NICSI has established a Centre of Excellence (CoE) in
Blockchain technology.
e-RUPI (Digital Currency) – a blockchain-backed India’s Central Bank Digital
Currency (CBDC) will give a big boost to digital economy.
NITI Aayog is working on various Blockchain use cases.
o NITI Aayog in collaboration with Gujarat Narmada Valley Fertilizers &
Chemicals Limited (GNFC) has developed a Blockchain based system for
fertilizer subsidy.
Launch of National Strategy Paper on Blockchain.
Drones -
Creating a single window platform called Digital sky to regulate, track and govern
drone based operations in India.
Ministry of Civil Aviation (MoCA) came up with policies to help regulate the use of
drones in the national airspace.
PLI, PMP, PPO scheme for promoting drone and its component manufacturing in
India.
Artificial Intelligence -
Launch of National Strategy Paper on AI.
National Language Translation Mission
Economy
GeM, an indigenously-built e-commerce portal, is a DigitalGovernment-to-
Business (G2B) platform to streamline the public procurement. 5.6 million
products, valuing at Rs 2.5 lakh crore, procured from 4.3 million sellers helped in
achieving a cumulative savings of $1 billion.
Direct Benefit Transfer has transferred Rs 22 lakh crore in almost 783 crore
transactions, which aided 313 schemes from 53 ministries
SRIJAN – a defence procurement portal, with the aim to make India the largest
exporter of defence equipment instead of the largest importer. 556 licenses were
issues to Indian companies for manufacturing defence items.
Emergency Credit Line Guarantee system, launched in 2020, to safeguard the
MSMEs against pandemic. Almost Rs 4.5 lakh crore emergency loans were
given to the 13.5 lakh MSMEs accounts
Major labour reforms introduced with 29 labour laws amalgamated into 4 labour
codes
India becomes an investment-friendly destination, with the FDI inflow increasing
to $83 billion and the creation of Invest India portal as a one stop solution for
foreign investments.