PM Modi to unveil ‘Start-Up India’ movement on Saturday

Prime Minister Narendra Modi will unveil a blueprint for Start-Up India mission on boost digital entrepreneurship at the grassroots level. The government is expected to earmark around Rs 2000 crore for the initiative.

Transparent tax regime, easier registration norms and simple exit policy will be provided to give a boost to start-ups, Commerce and Industry Minister Nirmala Sitharaman 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,” said a PMO statement here today.

The Prime Minister will release the Start-Up Action Plan, visit a virtual exhibition and interact with start-up entrepreneurs to mark the occasion, the statement said.

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

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.

Wefornews Bureau

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