India ranks at 3rd position in context of number of startups in the country.
There are many successful startups in India and they are thriving at a great phase, we can say that population of India is large that can be one of the reason as providing service to them will give you a great opportunity to prove yourself, but at the same time we should not forget that the Indian market is quite complex and it is not easy to penetrate in it.
But here come the role of government, what freedom and protection it provides to the business of their country.
There are many policies that government has started to help startups to built themselves and stand strong in this world of globalization.
To read complete about different policy one can go here.242
Here is some policies:
- Startup India: This initiative was started by government of India in 2016 which give a redefinition to startups. This initiative provide protection in terms of wealth and tax to startups and entrepreneurs.
- MUDRA Bank: This unit has helped many small business in India in terms of wealth, it provide credit of rupees 10,00,000 to many small business in India which are basically non-corporate or non-farm business.
- Ministry of Skills Development and Entrepreneurship: Before formation of this department the motive of entrepreneurship development has given to many departments but later the PM of our country started this department whose sole purpose is to promote skill development and entrepreneurship.