PM Narendra Modi launches Start-up India movement to boost entrepreneurship, jobs

Prime Minister Narendra Modi on Saturday launched the 'Start-Up India' movement by unveiling the action plan aimed at boosting entrepreneurship at the grassroots level.

Updated: Jan 16, 2016, 21:05 PM IST
PM Narendra Modi launches Start-up India movement to boost entrepreneurship, jobs

Zee Media Bureau

New Delhi: Prime Minister Narendra Modi on Saturday launched the 'Start-Up India' movement by unveiling the action plan aimed at boosting entrepreneurship at the grassroots level.

 KEY HIGHLIGHTS

Launching the event PM Narendra Modi says:

-Credit guarantee scheme will be introduced for start-ups in next 4 years,funds of around 500 crores will be given every year.

-No inspection for 3 years of start-up businesses in respect of labour, environment law compliance post self-certification.

-Start-ups will be exempted from paying income tax on their income for the first 3 years.

-We are starting the Atal Innovation Mission to give an impetus to innovation and encourage the talent among our people.

-India's future is in innovation and creativity.

-Yes, we have a million problems but at the same time we have over a billion minds.

-When I say start up India, it is implicit that I say stand up India. India is blessed to be a nation of youngsters.

-Technology is impacting the health sector but the question for us is how to make it affordable.

-Quality education is important & it is very crucial to take this quality education to poorest of the poor.

-Start up does not mean billion dollar company where thousands of people work. It is about employing even 5 people & developing India.

-When we say Make in India we also say 'Make for India.' India is a great market.

-This start up movement is not merely guided by money or name & fame. The purpose is beyond that.

-Share your stories with me on the 'Narendra Modi Mobile App'.

-Solution to all problems has become an App. And I have benefited greatly from this...I also have the 'Narendra Modi App'.

-There is an energy from within and there are dreams that you have dedicated yourself to.

-Success of start ups not only about enterprise. It is risk taking and adventure also.

-Ideas are many but some leave the idea halfway while the others become very involved with the idea.

-We are here so that you can tell us what we should not do.

-I had spoken about Start-up India from the ramparts of the Red Fort and today we are seeing what this is about.

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The launch event has been attended by CEOs and founders of top start-ups from across the country and abroad. During the event, the Prime Minister also released the Start-Up Action Plan, visited a virtual exhibition and interacted with start-up entrepreneurs to mark the occasion.

 

During the event, the Prime Minister also released the Start-Up Action Plan, visited a virtual exhibition and interacted with start-up entrepreneurs to mark the occasion.

 

Modi, who had made the announcement about the campaign in his last Independence Day address, recently 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.