Modi to unveil action plan on Start-Up India on Saturday


Prime Minister Narendra Modi will today launch the ‘Start-Up movement’ and announce comprehensiveaction plan to boost entrepreneurship at the grassroots level.

A statement from the PMO said, “The launch event is aimed at celebrating the entrepreneurship spirit of country’s youth and will be attended by CEOs and founders of top start-ups from across the country and abroad.”

The starement added that Modi will release the Start-Up Action Plan, visit a virtual exhibition and interact with start-up entrepreneurs to mark the occasion.

The programme is aimed at promoting bank financing for start-up ventures and offer incentives to boost entrepreneurship and job-creation.

A question-and-answer session titled ‘Face-to-face with policy-makers’ is also being organized wherein Secretaries of key Ministries and Departments will respond to queries on how an enabling ecosystem for start-ups would be created, it said.

“The objective is to reinforce commitment of the government towards creating an ecosystem that is conducive for growth of start-ups,” reported PTI quoting PMO statement.

The event will also feature interactive talks with global leaders and venture capitalists such as Masayoshi Son, Founder and CEO of SoftBank and Adam Nuemann, Founder of WeWork.

With an objective of inspiring the youth, the event will be telecast live in IITs, IIMs, NITs, IIITs and central universities and to youth groups in over 350 districts of India, the PMO said.

Modi, who had made the announcement about the campaign in his last Independence Day address, recently said the programme will be designed to suit Indian conditions and focus would be on ensuring benefits for the youth from the lowest strata of the society.