Gaurav is a young unemployed youth, belonging to the backward village of Rampur. His friends advice him to start a business, saying that there are many government schemes launched for the development of entrepreneurs in the country. Is the assertion of Gaurav’s friends correct? State by giving reasons.
Answers
Answer:
yes because govt ensures right to work to rural and urban populations and launches schemes go benigit its population
Yes. Because the government, in order to promote entrepreneurship, launched various schemes.
1. Startup India Initiative
The Startup India Initiative is, by far, the largest government scheme for startups in India. Started by Prime Minister Narendra Modi in 2016, over 50,000 businesses come under this scheme.
2. Startup India Seed Fund Scheme
The Startup India Seed Fund Scheme (SISFS) provides financial assistance to early-stage startups for market entry, product trials, commercialization, prototype development, and proof of concept.
3. Pradhan Mantri Mudhra Yojna
PMMY is a scheme for startups and MSMEs that aims to provide access to capital and loans to help ventures sustain and grow their business. Launched in 2015, eligible applicants can claim loans of up to 10 lakhs for working capital requirements. The repayment period for loans availed under this scheme is five to seven years.
4. Atal Innovation Mission
This scheme belongs to a category of government schemes for startups with a mandate to promote entrepreneurship and innovation countrywide. The core focus of this scheme is on tier-2 and tier-3 cities.
5. Credit Guarantee Trust Fund
The Credit Guarantee Trust Fund For Micro & Small Enterprises (CGTMSE) provides collateral-free loans for MSMEs and selected startups. The amount of these loans can range up to INR 1 crore. It helps retailers, self-help groups, educational institutes, SMEs, and farmers.