Govt initiates SETU programme to support start-up businesses
PrintListen to this Article
The government has set up a mechanism known as SETU to support all aspects of start-up business and other self-employment activities, Lok Sabha was informed on Wednesday.
Union minister for skill development Rajiv Pratap Rudy said the National Policy for Skill Development and Entrepreneurs envisaged fostering entrepreneurship and grassroots innovation by providing support in terms of fiscal incentives, creation of grass root technology innovation hubs, legal support and market linkages.
“The government has established a mechanism to be known as SETU (Self-Employment and Talent Utilisation) under NITI Aayog to support all aspects of start-up businesses and other self employment activities, particularly in technology-driven areas,” he said during Question Hour.
Rudy said government has also launched in August 2015 India Aspiration Fund (IAF) under the Small Industries Development Bank of India with a capital of Rs 2,000 crore to give a boost to start-up ecosystem in the country.
“The objective of the IAF is to catalyse tens of thousands of crores of equity investment into start-ups and MSMEs creating employment of lakhs of persons, mostly educated youth, over the next four to five years,” he said.
The minister said the Department of Electronics and Information Technology is implementing a scheme entitled ‘Technology Incubation and Development of Entrepreneurs’ (TIDE) under which 147 start-ups have been supported at 25 TIDE centres established in premier institutes like IITs, NITs, IIMs etc.
Rudy said Prime Minister Narendra Modi in his Independence Day address had announced a ‘Start-Up India’ initiative in which each of the 1.25 lakh bank branches would provide funding support to at least one Dalit or Adivasi entrepreneur and at least one woman entrepreneur. (Hindustan Times)
Category : General | Comments : 0 | Hits : 386
Retirement fund body EPFO has said it will no longer use Aadhaar as a valid document for proof of date of birth. In an official circular on January 16, the Employees' Provident Fund Organisation (EPFO) said the decision to remove Aadhaar was taken following a directive from the Unique Identification Authority of India (UIDAI). As per the circular, Aadhaar is also being removed from the list of documents for correction in date of birth.
A five-day-long Special Parliament Session will be held from Monday. A Parliamentary Bulletin said, that on the first day a discussion on the Parliamentary Journey of 75 years starting from Samvidhan Sabha - Achievements, Experiences, Memories, and Learnings will be held in Lok Sabha. The Government has listed Bill on the appointment of the Chief Election Commissioner, and other election commissioners in the upcoming Parliament Session. Apart from this The Advocates (Amendment) Bill, Th...
Artificial intelligence can substitute neither the human intelligence nor the humane element in the adjudicatory process, the Delhi high court has held and said ChatGPT can't be the basis of adjudication of legal or factual issues in a court of law. Justice Prathiba M Singh stated that the accuracy and reliability of AI generated data is still in the grey area and at best, such a tool can be utilised for a preliminary understanding or for preliminary research. The court's observati...
Domain + Website + Hosting + 2 email ids @ Just Rs.3100/- with 30 days Money Back Guarantee. CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. Now Get 2 Email ID's with Your Own Websi...
The Delhi High Court Monday sought the Centre’s stand in a plea against a notification where chartered accountants, company secretaries and cost accountants have been included among “reporting entities” under the Prevention of Money Laundering Act (PMLA) A division bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula granted time to Additional Solicitor General Chetan Sharma, who appeared for the Centre, to “seek instructions” and listed the ma...
Comments