Chapter: 12th Commerce : Chapter 25 : Entrepreneurship Development : Government Schemes for Entrepreneurial Development
Government Schemes for Entrepreneurial Development
GOVERNMENT SCHEMES FOR ENTREPRENEURIAL DEVELOPMENT
Government of India’s Support for Innovation and
Entrepreneurship in India
The Government of India has undertaken several
initiatives and instituted policy measures to foster a culture of innovation
and entrepreneurship in the country. Job creation is a foremost challenge
facing India. With a significant and unique demographic advantage, India,
however, has immense potential to innovate, raise entrepreneurs and create jobs
for the benefit of the nation and the world.
In the recent years, a wide spectrum of new
programmes and opportunities to nurture innovation have been created by the
Government of India across a number of sectors namely,Agriculture, Chemicals,
and Fertilizers, Finance, Commerce and Industry, Communication and Information
Technology, Corporate Affairs, Culture, Food Processing, Housing & Urban
Poverty Alleviation, and Science & Technology etc.
Financial assistance, insurance, subsidy, training,
helps early stage tech start-up and business loans, special incentive is
provided to set up new enterprises for entrepreneurs.
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