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Department for Promotion of Industry and Internal Trade (DPIIT) recognized startups have self-reported creation of over 8.6 lakh direct jobs as on 30th November 2022 since the launch of Startup India in 2016
The Government with an intent to build a strong ecosystem for nurturing innovation and startups in the country launched Startup India initiative on 16th January 2016. In order to meet the objectives of the initiative, the Government unveiled an Action Plan for Startup India that laid the foundation of Government support, schemes and incentives envisaged to create a vibrant startup ecosystem in the country. The Action Plan comprises of 19 action items spanning across areas such as “Simplification and handholding”, “Funding support and incentives” and “Industry-academia partnership and incubation”.