A STUDY OF THE IMPACT OF STARTUPS INDIA SCHEME ON THE ENTREPRENEURSHIP DEVELOPMENT

Abstract

Entrepreneurship plays a very important role in the economic growth of any country. It acts as a backbone not for increasing the level of wealth of a country but also for the economic growth, economic security and economic competitiveness. To promote entrepreneurship development in the country various initiatives have been taken by the government One of the initiatives is start up India scheme and it have been launched to promote private sector development The objectives of a start-up India scheme is to build a strong ecosystem for promoting innovation and start-ups in the country further such a drive would encourage sustainable economic growth and create large scale employment opportunities. The start-up India has initiated several programmes for building a robust start-up ecosystem and transforming in to a country of job creators instead of job seekers. The ‘Make-in-India’ initiatives and other government schemes have also given a boost to start-ups with many individuals entering the business world.  The main purpose of this paper is to study about Entrepreneurship in India and its Promotion Under 'STARTUP INDIA' SCHEME. The paper discusses few issues and challenges that an Indian start-up has to face and the opportunities that the country can provide in the current ecosystem. This study was done based on secondary data collected from multiple sources of evidence, in addition to books, journals, websites, and newspapers.

Keywords: - Entrepreneurship, Start-up, Economic growth, sustainable, make-in-India