With the announcement of a new campaign titled - 'Start-up India; Stand up India', in his independence speech, Prime Minister Narendra Modi expressed his desire to see India as the number one hub of budding entrepreneurs and manufacturers.
He also assured the youth that the government's committed to easing bank financing for start-ups and incentives to boost entrepreneurship and employment.
Making an appeal to the citizens, Modi in his speech at India's 69th Independence Day asserted that as a country we must be Number 1 in start-ups and that our focus must be on 'Start-up India' & 'Stand up India'.
Here are the highlights of the campaign
- The focus of the initiative is to primarily to encourage entrepreneurship among the youth of India.
- Each of the 1.25 lakh bank branches should encourage through funding, at least one Dalit or Adivasi entrepreneur and at least one woman entrepreneur.
- As part of the Skill India and Digital India initiative, the Prime Minister said a package of incentives will be given to manufacturing units for generating jobs.
- Questioning the process of interview-selections for the low-skilled government jobs, PM Modi promised to scrap the process and instead promote merit by recruiting only through transparent, online processes.
The initiative, Modi said, would give a new dimension to entrepreneurship and help in setting up a network of start-ups in the country.