What is Startup India
Startup India is an initiative launched to give new opportunity to the innovative youths of the country in order to more job in India. It is an active support started by the government of India to motivate new entrepreneurs as well as a chance to see some new dreams in the field of development. The action plan of this initiative was launched by the PM Narendra Modi on 16th of January, Saturday 2016 at Vigyan Bhawan, New Delhi. This event was organized by the Department of Industrial Policy and Promotion (DIPP). The aim of this event was celebrating the entrepreneurial spirit of India. It aims to create strong network in India to promote innovations and startups in business by the youths.
What is Action Plan
The action plan of the startup India initiative has a list of sequential activities and well-defined steps taken by the government of India for the same. Action plan has an outline of all the most important priorities required to focus on the aim of this initiative. Action plan is prepared to give a strong support to the startups of India to create various small businesses for more job creation. It ensures new innovative entrepreneurs to start a business with full support. It is to initiate ‘Make for India’ after the initiative ‘Make in India’ by the youths of the country. It will make Indian youths, who are willing to do something new in the field of business, more confident and energetic. Now, youths can start their own business in favor of India without having much fear of getting failure as this action plan has various effective plans for them.
The whole action plan is the wheel of the startups India initiative made for supporting them who are new in business however full of innovative ideas. This initiative is the strong belief of the Indian PM Narendra Modi that our Indian youths can do better in the field of development through businesses if they are given a strong support and chance to implement their innovative ideas of business without any fear and governmental system delay in the process.
Benefits of Action Plan
Action plan is a well-formed plan of action prepared by the government to set business startups with full support and in the right direction. Action plan provides clarity to prioritize and allocate time and resources in better way to fulfill objectives of the programme. Actions plan becomes a guidebook which helps one to set on the right track. Generally, a business owner faces many unpredictable problems on the way of setting a business. The first and foremost thing is that he/she has to invest his/her own money without being sure of the surety of success in that business. Many times the business becomes fail and if one has further courage, he/she starts again otherwise becomes hopeless because of the lack of motivation and finance.
This action plan created by the government will be proved as a strong support for the courageous and motivated youths of the country to do some new and effective business. It is a big risk taken by the government of India by creating such a surprising action plan in the favor of youths. According to this action plan, startups will be supported with finance, tax benefits and various other favorable supports through flexible government systems. It aims to empower youths in various working areas from digital/technology sector to the wide range of sectors such as agriculture, social sector, manufacturing, education, healthcare, etc.
This action plan will help startups to easily tackle with all the potential obstacles on the way. Action plan ensures the right steps in right direction. This action plan is dream list of the activities to be done in the favor of this initiative. It will prioritize the required actions which are legally necessary for the quickest payback to the business.
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