Under the government’s flagship Start Up India scheme, Maharashtra, Karnataka and Delhi have been recognised as having the highest number of start ups. Since the scheme launched in January 2016 up to July 2019, Maharashtra has registered 3661 recognised startups, Karnataka 2847, and Delhi 2552.

Trailing close behind are Uttar Pradesh and Telangana at 1621 and 1116 respectively. A total of 19351 start ups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT). According to information collected by DPIIT , Maharashtra, Karnataka and Delhi also attracted the highest number of investments from Alternative Investment Funds (AIFs).

In order to encourage the growth of startups, a fund of 10,000 crores has been established  to fund promising startups. Commerce minister Piyush Goyal said on Twitter, “The Start-Up India initiative shows commendable progress with 19,351 startups already recognised by the Government We are committed to further boost the start-up ecosystem by reducing regulatory burden and providing easier access to funds & technology.”.

Sources – Indian Express, Business Standard, Financial Express

Source – Officechai