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On January 16, 2025, India marks nine years of Startup India, a transformative journey that began in 2016. Designated as National Startup Day, this occasion celebrates the nation’s strides in fostering a robust and inclusive entrepreneurial ecosystem.

Current Status (as of Jan 2025)

 Over 1.59 lakh startups recognized by DPIIT, making India the 3rd largest startup ecosystem globally.

• More than 100 unicorns (startups valued over $1 billion).
• Key hubs: Bengaluru, Hyderabad, Mumbai, Delhi-NCR; growing contribution from smaller cities.

Key Sectors

• Major sectors: Fintech, Edtech, Health-tech, E-commerce.
• Notable companies: Zomato, Nykaa, Ola exemplify India's shift from job seekers to job creators.

Key Milestones (2016–2025)

• Startups grew from around 500 in 2016 to 1.59 lakh in 2025.
• 73,151 startups with at least one-woman director as of 2024, showcasing rise in women entrepreneurship.
• Over 16.6 lakh jobs created by DPIIT-recognized startups by 2024.

Core Features of Startup India

• Ease of Doing Business: Simplified compliance, self-certification, and single-window clearances.
• Tax Benefits: Three-year tax exemptions for eligible startups.
• Funding Support: ?10,000 crore Fund of Funds for Startups (FFS) supports early-stage funding.
• Sector-Specific Policies: Policies focusing on sectors like biotechnology, agriculture, and renewable energy.

Industry-wise Jobs Created

• IT Services: 2.04 lakh jobs.
• Healthcare & Lifesciences: 1.47 lakh jobs.
• Professional & Commercial Services: 94,000 jobs.
• Total direct jobs created: 16.6 lakh (as of Oct 2024).

Flagship Schemes

• Startup India Seed Fund Scheme (SISFS).
• Credit Guarantee Scheme for Startups (CGSS).
• Fund of Funds for Startups (FFS) Scheme.

Other Key Initiatives

• Capacity Building & Handholding: Workshops for regional ecosystems, especially in non-metro cities.
• Outreach & Awareness: Initiatives to facilitate funding, incubation, and mentorship opportunities.
• Ecosystem Development: National-level events like Startup Mahakumbh to bring together key stakeholders.
• International Linkages: India’s G20 Presidency institutionalized Startup20 to enhance global collaborations.

BHASKAR Platform (Launched in Sept 2024)

• Objective: Centralize and streamline interactions within the entrepreneurial ecosystem.
• Key Features:
  • Networking: Connects startups, investors, mentors, and government bodies.
  • Resources: Provides quick access to essential tools and knowledge for scaling startups.
  • Global Outreach: Promotes India as a global innovation hub.

Startup Mahakumbh

• 2024 Edition: Hosted 1,300 exhibitors, 48,000 visitors, and 392 speakers, including unicorn founders and policymakers.
• 2025 Edition (3-5 April, New Delhi): Theme - “Startup India @ 2047 – Unfolding the Bharat Story.”