Lok Sabha Question No. 1359 (UNSTARRED), answered on 2025-02-11
Subject: Financial Support to Startups
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Vishweshwar Hegde Kageri, Shri Ramvir Singh Bidhuri, Shri Vijay Baghel

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

## LOK SABHA

UNSTARRED QUESTION NO. 1359.

TO BE ANSWERED ON TUESDAY, THE 11 TH  FEBRUARY, 2025.

## FINANCIAL SUPPORT TO STARTUPS

## 1359.  SHRI VISHWESHWAR HEGDE KAGERI:

SHRI VIJAY BAGHEL:

SHRI RAMVIR SINGH BIDHURI:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state: वाणिज्य एवं उद्योग मंत्री

- (a) the manner in which stride Ventures is likely to help Indian Startups to reach global markets;
- (b) the  long-term  targets/goals  of  the  said  partnership particularly  regarding  the sustainable growth and development of Indian startups including Chhattisgarh;
- (c) whether there is any existing strategies to ensure strategic mentorship/guidance  and  market  access  which  provide  financial  support  to startups; and
- (d) if so, the details thereof including Durg Lok Sabha Constituency and Benetara district, district and State-wise including Chhattisgarh?

## ANSWER

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

- (a) & (b): The  Government,  with  an  intent  to  build  a  strong  ecosystem  for  nurturing innovation, Startups and encouraging investments in the Startup ecosystem of the country launched the Startup India initiative on 16th January 2016.

For effective implementation of Startup India initiative across the country, the Government unveiled Startup  India  Action  Plan  comprising  of  schemes  and incentives envisaged to create a vibrant Startup ecosystem in the country. The Action  Plan  comprises  of  19  action  items  spanning  across  areas  such  as and  incentives'  and

'Simplification and  handholding', 'Funding support 'Industry- academia partnership and incubation'.

In order to promote partnerships and collaborations between the industry and Startups to encourage innovation-led growth in sectors like manufacturing, the Department  for  Promotion  of  Industry  and  Internal  Trade  (DPIIT)  is  signing Memorandum of  Understanding  (MoUs)  with  various  stakeholders  including various  private  companies  for  the  specific  purpose,  inter  alia,  of  mentoring, providing access to infrastructure, sharing resources and knowledge, assisting in market linkages and connecting to funding networks. Under this initiative, an MoU has also been signed with Stride Ventures (Stride Fund Advisors LLP), a venture debt firm.

- (c) & (d): For promoting holistic growth of the Startup ecosystem, different programs are implemented by the Government under the Startup India initiative. All the steps undertaken by the Government  under the initiative are inclusive and implemented  across  States/Union  Territories  (UTs),  cities,  towns,  and  rural areas, including the State of Chhattisgarh. As a result of such efforts, entities which have been recognised as Startups by the Department for Promotion of Industry and Internal Trade (DPIIT) are present in every State/Union Territory (UT) of the country.

As of 31st December 2024, 1,57,706 entities have been recognised as Startups by the DPIIT. Specifically for the State of Chhattisgarh, 1,736 entities have been recognised  as  Startups  by  DPIIT  as  on  31st  December  2024.  Of  these,  6 entities have been recognised as Startups in the district of Bemetara, and 294 entities have been recognised as Startups in the district of Durg. The State/UTwise  number of entities  which  have  been  recognised  as  Startups by  DPIIT, including for the State of Chhattisgarh is placed as Annexure-I .

Specifically, to ensure strategic mentorship/guidance and market access which provides financial support to Startups the Government constantly undertakes various efforts. Under the flagship funding Schemes namely, Fund of Funds for Startups  (FFS),  Startup  India  Seed  Fund  Scheme  (SISFS)  and  Credit Guarantee Scheme for Startups (CGSS), Startups also receive mentorship and guidance from ecosystem stakeholders such as investors and incubators. As part of the National Startup Awards exercise, handholding support is provided to Startups across various pillars including mentorship, corporate linkages and international  market  access.  Under  the  States'  Startup  Ranking  exercise, States and UTs are supported to enable them to create a conducive ecosystem for  startups. The Government also encourages and supports ecosystem led initiatives such as Startup Mahakumbh which serve as a vibrant platform for Startups  to  receive  such  support  from  various  members  of  the  industry. Initiatives  to  improve  market  access  and  enable  public  procurement  which support Startups in growing and scaling up their businesses have also been undertaken.  The  Government  also  enables  international  market  access  for Startups  through  international  Government  to  Government  partnerships  and participation in international forums. This includes international bridges launched with various countries that aid in promoting cross collaboration. Digital platforms such as the Startup India portal and the Bharat Startup Knowledge Access Registry (BHASKAR) have been launched to enable easy access to resources and promote Startup ecosystem collaboration.

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## ANNEXURE-I

## ANNEXURE REFERRED TO IN REPLY TO PARTS (c) & (d) OF THE LOK SABHA UNSTARRED QUESTION 1359 FOR ANSWER ON 11.02.2025.

The State/UT-wise number of entities which have been recognised as Startups by DPIIT, including for the State of Chhattisgarh as on 31 st  December 2024:

| State/UT                                 | Number of entities which have been recognized as startups by DPIIT   |
|------------------------------------------|----------------------------------------------------------------------|
| Andaman and Nicobar Islands              | 71                                                                   |
| Andhra Pradesh                           | 2553                                                                 |
| Arunachal Pradesh                        | 47                                                                   |
| Assam                                    | 1487                                                                 |
| Bihar                                    | 3190                                                                 |
| Chandigarh                               | 532                                                                  |
| Chhattisgarh                             | 1736                                                                 |
| Dadra and Nagar Haveli and Daman and Diu | 64                                                                   |
| Delhi                                    | 16082                                                                |
| Goa                                      | 587                                                                  |
| Gujarat                                  | 13053                                                                |
| Haryana                                  | 8222                                                                 |
| Himachal Pradesh                         | 563                                                                  |
| Jammu and Kashmir                        | 988                                                                  |
| Jharkhand                                | 1477                                                                 |
| Karnataka                                | 16624                                                                |
| Kerala                                   | 6361                                                                 |
| Ladakh                                   | 18                                                                   |
| Lakshadweep                              | 3                                                                    |
| Madhya Pradesh                           | 5093                                                                 |
| Maharashtra                              | 27925                                                                |
| Manipur                                  | 179                                                                  |
| Meghalaya                                | 62                                                                   |
| Mizoram                                  | 41                                                                   |
| Nagaland                                 | 85                                                                   |
| Odisha                                   | 2769                                                                 |
| Puducherry                               | 161                                                                  |
| Punjab                                   | 1741                                                                 |
| Rajasthan                                | 5567                                                                 |
| Sikkim                                   | 12                                                                   |
| Tamil Nadu                               | 10577                                                                |
| Telangana                                | 8243                                                                 |
| Tripura                                  | 141                                                                  |
| Uttar Pradesh                            | 15019                                                                |
| Uttarakhand                              | 1268                                                                 |
| West Bengal                              | 5165                                                                 |
| Total                                    | 157,706                                                              |

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