IRM: PM Modi launches Rs 1K-cr seed fund with Atmanirbhar push for entrepreneurs  |  Photo Credit: Times Now
Prime Minister Narendra Modi launched Rs 1000 crores ‘Startup India Seed Fund’ on January 17 to support the budding entrepreneurs with an aim to make India Atmanirbhar on the fifth anniversary of Startup India initiative.
The fund aims to provide initial cash to startups in the country. India has one of the largest start-up ecosystems in the world with more than 41,000 start-ups. Of these, more than 5,700 start-ups are in the IT sector, more than 3,600 start-ups have been formed in the health sector and about 1,700 start-ups have been launched in the agriculture sector.
“This will help to start and grow new start-ups. In future, the government will also support startups to raise debt by giving guarantees,” Modi said at the Prarambh Start-up India International summit.
“India is trying to create a startup ecosystem which will be based on the key principle of the youth, by the youth and for the youth,” he added.
On this edition of IRM, some entrepreneurs from India Inc speak about this seed fund and other schemes that the NDA government has announced over the last few years to help them become global giants.
Ankush Singla, Co-founder at Coding Ninjas & Captain Coder; Madhav Rajgarhia, Director & SEO at Neutral Fuels; Pratham Khandelwal, Co-founder at Headfone; Rasik Pansare, Co-founder & CMO at Get My Parking.