Blitz Bureau
NEW DELHI: The Centre on July 26 said that recognized startups have reported to have generated more than 15.5 lakh direct jobs to date, as it detailed various initiatives taken by ministries and departments to help create even more jobs and nurture young entrepreneurs in years to come.
The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1,40,803 entities as startups (as of June 30), said Minister of State (Independent Charge) for Skill Development and Entrepreneurship (MSDE), Jayant Chaudhary, in a reply to a question in the Lok Sabha.
The Ministry of Micro, Small & Medium Enterprises (MSME) is implementing the Prime Minister’s Employment Generation Programme (PMEGP) to assist entrepreneurs in setting up new enterprises in the non-farm sector. It aims to provide employment opportunities to traditional artisans/ rural and urban unemployed youth at their doorstep.
Since inception, more than 9.69 lakh micro enterprises have been assisted with a Margin Money subsidy of more than Rs 25,500 crore, providing employment to an estimated 79 lakh people (both direct and indirect).
