2024 LOKSABHA ELECTIONS

[Vandhiyadevan]

As we Waiting for Major Election to Prime Minister Candidates for India in coming months ...
Lets Take this Opportunity to understand Ourselves How much we know about Policies and Reforms brought by Government from 2000
Lets Analyse how its useful to us and Society ...

Users can come up with any news readings or own articles and share their knowledge and experience with fellow users

Note: Its not to promote or criticize any leader or party !! Thread is absolutely to understand different policies formed by government and how its useful to us

 

[Vandhiyadevan]

Out of Many Initiatives in This Millennium, Make In India is One of the Good Move.
Glance of the same is given Below

Make in India:





In September 2014, Modi introduced the Make in India initiative to encourage foreign companies to manufacture products in India, with the goal of turning India into a global manufacturing hub. Supporters of economic liberalisation supported the initiative, while critics argued it would allow foreign corporations to capture a greater share of the Indian market. "Make in India" had three stated objectives:

• to increase the manufacturing sector's growth rate to 12-14% per annum
• to create 100 million additional manufacturing jobs in the economy by 2022
• to ensure that the manufacturing sector's contribution to GDP is increased to 25% by 2022 (later revised to 2025)

However What achieved and What Not achieved against Proposed Objective is always subject of Debate ..

But it Helped Indians to have first hand knowledge of Foreign Products here in India itself without traveling much ..

Anyone can add on to it !! and share their views as well

 

[H2SO4]

Top 5 government schemes for startups in India to support entrepreneurs




The government has started several schemes to help budding startups and entrepreneurs grow businesses in India successfully. Here is the list of the top 5 government schemes for startups in India.

India is going through the era of startups, where the country is creating a robust ecosystem for businesses and entrepreneurs. India is now called the 'Startup Hub' as it has more than 99,000 startups, and 107 unicorn companies worth $30 billion. Prime Minister Narendra Modi has started several initiatives to help the budding entrepreneurs.
The government initiatives aim to provide technical support, subsidies, financial assistance, and other services to help startups grow and mark their presence in the global business domain. Government backing helps startups to get worldwide recognition and attract foreign investors.

Government schemes to support Indian startups:

Atal Innovation Mission (AIM)
The scheme was launched by the government in 2016, and the scheme aims to foster innovation as the government creates new programs and policies to assist start-up development in several economic areas.
The Atal Innovation Mission (AIM) grants approximately Rs 10 crores to finance firms over five years. This scheme can be utilised by all the emerging organisations in health, agriculture, education, transportation, etc.

Multiplier Grant Scheme (MGS)
The Department of Electronics and Information Technology initiated the Multiplier Grant Scheme (MGS) to empower collaborative research and development among industries for the growth of goods and services. The government gives a maximum amount of Rs 2 crore per project for a duration of less than two years.

Dairy Entrepreneurship Development Scheme (DEDS)

The Department of Animal Husbandry, Fisheries, and Dairying has launched the DEDS scheme, which aims to create self-employment in the dairy sector. The activities include milk production, procurement, preservation, marketing, etc. The DEDS scheme offers back-end capital for bankable projects for 25 per cent of total project cost for general category candidates and 33.33 per cent for farms that belong to the SC/ST category.

Startup India Initiative

This is one of the most popular government schemes for startups in India. The Startup India Initiative aims to provide tax benefits to entrepreneurs for over five years. As of now, the government has recognised 114,458 startups by the Department for Promotion of Industry and Internal Trade (DPIIT). To recognise startups under this government scheme, the maximum age for eligible startups is 7 years; for biotechnology companies, the age is 10 years after the date of establishment.

Startup India Seed Fund Scheme

The government of India introduced this scheme in January 2021 to assist early-stage startups. The selected entrepreneurs under this scheme will get the funding of Rs 5 crore. Startups will receive up to Rs 20 lakhs for developing concepts or demonstrations and up to Rs 50 lakhs for growing their goods or services. Over 1000 startups have received more than Rs 177 crore under the Startup India seed fund scheme.