Under the Government of India’s Startup India initiative, a total of 19,351 startups have been recognised so far out of which 158 startups are from Jharkhand. The highest number, recognised at 3,661 startups, is from Maharashtra, then comes Karnataka with 2847 startups, followed by Delhi with 2,552. Uttar Pradesh, Telangana, Haryana & Tamil Nadu follow in that order and Jharkhand is ranked at number seventeen. Union Minister of Commerce & Industry Piyush Goyal provided the information on June 28 in Rajya Sabha, while replying to the questions raised by RS MP Parimal Nathwani.
Under the Fund of Funds for Startups set up by GoI, Alternative Investment Funds (AIFs) have made an aggregate investment of Rs 1,625.73 crore in 247 startups so far. The largest amount of Rs 499.85 crore has been invested by AIFs in 75 startups from Karnataka, followed by Rs 440.38 crore spread over 68 startups from Maharashtra.
Parimal Nathwani wanted to know about the salient features of the Startup India Scheme and the number of registrations done under this scheme since its inception across the country, the details of the funds sanctioned, allocated and utilised and the targets set/achieved under this scheme so far. Also, the details of the State Governments, which have formulated start-up policies in their respective States at present, and the top five States in the country with highest number of registrations.
According to the responses provided by the Minister, Startup India initiative was launched on 16th January 2016, consists of 19 Action Points that act as a guiding document for the initiative. Since its inception, 19,351 Startups across the country have been recognised by Department for Promotion of Industry and Internal Trade (DPIIT) as on 24.06.2019.
The Minister also said that the GoI had established Fund of Funds for Startups (FFS) with corpus of Rs 10,000 crore to meet the funding needs of startups. DPIIT is the monitoring agency and Small Industries Development Bank of India (SIDBI) is the operating agency for FFS, he said.
The total corpus of Rs 10,000 crore is envisaged to be provided over the 14th and 15th Finance Commission cycles based on progress of the scheme and availability of funds.