It additionally stated that the ministry will likely be organising Innovation Ecosystem week from January 10 to showcase efforts taken up for promotion of start-ups within the nation.
The Commerce and Trade Ministry on Wednesday stated Mission Improvement Cells (PDCs) have been arrange in 29 departments to quick observe funding in coordination between the central and state governments.
The cells improve the pipeline of investible initiatives in India and in flip enhance home funding and overseas direct funding (FDI) inflows, it stated.
It additionally stated that the ministry will likely be organising Innovation Ecosystem week from January 10 to showcase efforts taken up for promotion of start-ups within the nation.
The week will likely be organised by the Division for Promotion of Trade and Inner Commerce (DPIIT) and will likely be led by the training ministry.
The ministry stated that with over 60,000 recognised start-ups, India has reworked into the third largest start-up ecosystem.
“Whereas 55 per cent of the recognised start-ups are from Tier-1 cities and 45 per cent are from Tier-2 and three cities respectively,” it stated including the DPIIT recognised start-ups have reported creation of shut to 2 lakh jobs in 2021.
Underneath the Fund of Funds for Begin-ups (FFS), it stated, Rs 6,495 crore has been dedicated to 80 Various Funding Funds (AIFs) and Rs 8,085 crore have been invested by supported AIFs in 540 startups.
“For Begin-up India Seed Fund Scheme (SISFS), 58 incubators have been chosen and Rs 232.75 crore have been authorized as grant beneath the scheme,” it stated.
The ministry additionally stated that as a part of digitization of previous recordsdata/data, the division has scanned/digitised as many as 12,387 recordsdata containing 19,53,666 pages.
Through the Swachhata Marketing campaign, it stated, 49,686 recordsdata have been reviewed in DPIIT and its sub-organizations. and out of that 49,449 recordsdata have been weeded out.
It added that extra merchandise are recognized beneath One District One Product (ODOP) initiative, which goals at selling manufacturing of distinctive merchandise in every district that may be globally marketed.
“Ongoing enlargement train entailing enlargement of listing from Section-1 that consisted of 106 merchandise from 103 districts to present Section-2 that may include 739+ merchandise protecting 739 districts,” the ministry stated.
In regards to the Nationwide Single Window System, it stated that full on-boarding of 32 central departments and 14 states can be carried out within the subsequent phases.
Economic system, Piyush Goyal
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