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Startup India Scheme 2016 is an initiative of the Government of India. The primary objective of Startup India is to promote startups, job creation, and wealth creation. Startup India has launched several programs to build a strong startup ecosystem and transform India into a country of job creators rather than job seekers. These programs are managed by the Department of Industrial Policy and Promotion (DPIIT).

Pradhan Mantri Mudra Yojana for Startups, Mudra for Development of Micro Units and Refinance Agency, a financial institution to provide financial assistance to small businesses for borrowing loans up to ₹ 1,000,000 from banks for small, non-agricultural income-generating activities. is.

To support the buzzing business entrepreneurs of the country, the Indian Government announced a promising initiative called the Startup India Scheme. The main purpose was to boost sustainable development, economic growth, empower unemployed youth, and help startups combat various challenges witnessed by them in the initial years of business establishment.

India is slowly building a strong startup ecosystem. To promote and support entrepreneurs, the government has created a ministry (department) dedicated to helping new businesses.