Lok Sabha Question No. 1532 (UNSTARRED), answered on 2025-07-29
Subject: Establishment of Startups
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Narayan Tatu Rane

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 1532. TO BE ANSWERED ON TUESDAY, THE 29 TH  JULY, 2025.

## ESTABLISHMENT OF STARTUPS

## 1532.  SHRI NARAYAN TATU RANE:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

## वाणिज्य एवं उद्योग मंत्री

- (a) the  number  of  start-ups  established  in  Ratnagiri-Sindhudurg  Lok  Sabha Constituency of Maharashtra and Goa started during the last three years;
- (b) whether the Government has reviewed them, if so, the details thereof;
- (c) the total funds raised by these start-up companies so far;
- (d) the details of profits earned by these companies during the last three years;
- (e) whether the Government proposes to ease the regulatory regime for start-up companies, if so, the details thereof; and
- (f) the details of other steps taken by the Government to promote the Start-up India programme in Maharashtra and Goa?

## ANSWER

## वाणिज्य एवं उद्योग मंत्रालय में राज्य मंत्री ( श्री जितिन प्रसाद ) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI JITIN PRASADA)

- (a) Ratnagiri-Sindhudurg Lok  Sabha  Constituency  comprises  of two districts Ratnagiri and Sindhudurg in the State of Maharashtra. In the last three years viz. 2022,  2023  and  2024,  total  of  45  and  28  entities  have  been  recognized  as startups by the Department for Promotion of Industry and Internal Trade (DPIIT) from Ratnagiri and Sindhudurg districts respectively. From the State of Goa, 330 entities have been recognized as startups by DPIIT in the last three years viz. 2022, 2023 and 2024.
- (b) : The Government under the Startup India initiative implements the States' Startup Ranking Framework (SRF) exercise, which is a capacity building exercise that evaluates  participating  States  and  Union  Territories  in  their  efforts  to  build  an ecosystem conducive to growth of startups. The exercise also includes evaluation of elements such as district coverage, and grassroot and rural impact. In the latest concluded  edition  of  SRF  exercise,  the  State  of  Maharashtra  (that  includes

Ratnagiri and Sindhudurg districts) was recognised as a Top Performer and the State of Goa was recognised as a Leader.

- ( c) : Under  Startup  India  initiative,  the  Government  provides  financial  support  to startups at various stages of their business cycles under schemes namely, Fund of  Funds  for  Startups  (FFS),  Startup  India  Seed  Fund  Scheme  (SISFS)  and Credit Guarantee Scheme for Startups (CGSS).

FFS  has  been  established  to  catalyze  venture  capital  investments  and  is operationalized  through  Small  Industries  Development  Bank  of  India  (SIDBI), which  provides  capital  to  Securities  and  Exchange  Board  of  India  (SEBI) registered Alternative Investment Funds (AIFs) which in turn invest in startups. AIFs supported under FFS are required to invest at least two times of the amount committed under FFS in startups. From the State of Maharashtra, selected AIFs under the Scheme have invested Rs. 5,605.86 crore in 265 startups as on 30 th June  2025.  From  the  State  of  Goa,  selected  AIFs  under  the  Scheme  have invested Rs. 124.39 crore in 2 startups as on 30 th  June 2025.

SISFS provides financial assistance to seed stage startups through incubators. From the  State  of  Maharashtra,  selected  incubators  have  approved  funds  of Rs. 95.62 crore to 511 startups as on 30 th  June 2025. From the State of Goa, selected incubators have approved funds of Rs. 2.79 crore to 21 startups as on 30 th  June 2025 .

CGSS is implemented for enabling collateral free loans to startups through eligible financial institutions. CGSS is operationalized by the National Credit Guarantee Trustee Company (NCGTC) Limited and has been operationalized from 1st April 2023. From the State of Maharashtra, total of 67 loans amounting to Rs. 145.81 crore have been guaranteed to startups as on 30 th  June 2025.

- (d)  : Information  with  respect  to  profits  earned  by  startups  is  not  maintained  by  the Department.
- (e) : Government has taken various measures to ease the regulatory regime for startups including starting up of business, raising capital, and reducing compliance burden. The key focus areas of the initiatives are:
- i. Simplification of procedures related to applications, renewals, inspections, filing records, etc.,
- ii. Rationalization by repealing, amending or subsuming redundant laws,
- iii. Digitization  by  creating  online  interfaces  eliminating  manual forms and records, and
- iv. Decriminalization of minor technical or procedural defaults.

Specifically  for  startup  ecosystem,  the  Government  has  taken  more  than  60 measures  to  enhance  ease  of  doing  business,  raising  capital  and  reducing compliance burden. These measures include profit linked deductions under Section 80-IAC of  the  Income  Tax  Act  1961,  relaxation  in  compliances,  carry-forward  of losses,  fast-track  approval  process  for  in-bound  mergers,  faster-exit  provisions, relaxation in public procurement, etc.

- (f)   : Under Startup India initiative, the Government is undertaking various other steps to promote the startup ecosystem, including in the States of Maharashtra and Goa. These steps include implementation of periodic exercises and programs such as National Startup Awards, and Innovation Week which play an important role in the holistic development of the startup ecosystem. Government also encourages and support ecosystem led initiatives as Startup Mahakumbh which serve as a vibrant platform for stakeholders to network and collaborate. Initiatives to improve market access and enable public procurement also support startups in growing and scaling up  their  businesses  have  also  been  undertaken.  Digital  platforms  such  as  the Startup India portal and BHASKAR enable easy access to resources and startup ecosystem collaboration.

Various events and workshops have been conducted specifically in the States of Maharashtra and Goa to promote and strengthen the startup ecosystem. These include Startup20 Goa Sankalpana, Women for Startups Workshop in Maharashtra and  Goa,  Global  Venture  Capital  Summits  in  Goa,  and  Startup  India  Yatra conducted across 16 districts in Maharashtra.

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