More about ‘Start up & Stand up India’

Prime Minister Narendra Modi  announced a new campaign ‘Start-up India; Stand up India’ to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation.
- He also promised to do away with the current practice of interview-based selections for low-skilled government jobs.
- The Prime Minister announced the ‘Start-Up India’ initiative, which would encourage entrepreneurship among the youth of India.
- From the Red Fort, he said each of the 1.25 lakh bank branches should encourage at least one Dalit or Adivasi entrepreneur and at least one woman entrepreneur.
- “We are looking at systems for enabling start-ups. We must be number one in start-ups… Start-up India; Stand up India,” he said, exhorting all bank branches to fund at least one start-up of tribals and dalits.
- The initiative, Modi said, would give a new dimension to entrepreneurship and help in setting up a network of start-ups in the country.
- 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.