The Parliament was informed on Wednesday that the government has recognised as many as 84,102 entities as startups as on November 30 this year.
This recognition comes amid the fact that the government wants the recognised start-ups to get the incentives including the income tax benefits under the Startup India scheme, launched in January 2016.
84,102 Entities Recognized by DPIIT
The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized these entities as start-ups.
Som Parkash, Minister of State for Commerce and Industry, said in a written reply to the Lok Sabha “As on 30th November 2022, 84,102 entities have been recognised as startups by DPIIT”.
The MoS also added that these recognised startups are spread across 56 sectors, including agriculture, biotechnology, and chemicals.
The government has implemented Fund of Funds and Startup India Seed Fund schemes under the Startup India in order to provide capital at various stages of the business cycle of a startup.
75% of Funds Approved By Now
The Minister, throwing light while answering a separate question said that, as on November 30 this year, Rs 7,527.95 crore out of Rs 10,000 crore Fund of Funds scheme have been approved to the Alternate Investment Funds.
He added that from the Rs 945 crore Startup India Seed Fund scheme, Rs 455.25 crore has been approved to 126 incubators, of which Rs 186.15 crore has been disbursed as of November.
The minister said that “As on 30th November 2022, Maharashtra, Karnataka, Delhi, Uttar Pradesh, and Gujarat are the top five States/UTs in terms of the number of recognised start-ups”.
Replying to another question, the minister said the One District One Product (ODOP) initiative is operationally merged with Districts as an Export Hub (DEH) initiative of the Directorate General of Foreign Trade.
