Centre to unveil initiative to boost local entrepreneurship

RSTV Bureau

New Delhi : Prime Minister Narendra Modi addressing during 'HT Leadership Summit 2015' at New Delhi on Friday. PTI Photo

In a bid to boost the entrepreneurship at the grassroots level, the BJP-led NDA government is all set to launch an initiative ‘Startup India, Stand Up India’. Speaking on his flagship radio programme ‘Mann ki Baat’, Prime Minister Narendra Modi on Sunday said the Action Plan of the ‘Startup India, Stand Up India’ will be unveiled on January 16. He also urged the state governments to help spread this campaign across the country.

“On January 16, the government of India will unveil the full Action Plan of Start-up India, Stand-up India… A structure will be presented before you. This programme will be connected to the country’s IITs, IIMs, central universities and NITs. Wherever there are youth, they will be linked through live connectivity,” the Prime Minister said adding that ‘Startup India, Stand Up India’ campaign is a bid to bring new opportunities to the youth.

PM Modi had, for the first time, made an announcement regarding this initiative during his last Independence Day address. Detailing about his government’s latest initiative after ‘Make in India’, ‘Take in India’ and ‘Swachh Bharat’, he said the programme will be designed to suit Indian conditions and focus would be on ensuring benefits for the youth from the lowest strata of the society.

“My dear young friends, in my August 15 address from the Red Fort, I had made preliminary mention about ‘Start-up India, Stand-up India’. After that, this spread to all the departments of the government,” the Prime Minister said on Sunday.

“Can India be a ‘Startup Capital’? Can the youth in the states have the opportunities in the form of startups, with innovations, whether it be manufacturing, service sector or agriculture? In everything, there should be freshness, new ways, new thinking. The world cannot move ahead without innovation,” he said in his monthly ‘Mann ki Baat’ radio programme, which was the last one for this year 2015.

The ‘Startup India, Stand Up India’ programme is aimed at promoting bank financing for start-up ventures and offer incentives to boost entrepreneurship and job creation.

(With inputs from the PTI)