PAPER ID: IJIM/Vol. 9 (II) June/49-54/7

AUTHOR: Gurjeet Kaur

TITLE: A STUDY ON STARTUP SCHEMES IN THE DEVELOPMENT OF INDIA

ABSTRACT :A startup is a business endeavor seeking sufficient capital to launch. The first task of any new company is to demonstrate the viability of its promise to attract lenders and/or investors. However, investors and lenders view startups as always riskier investments and have different ways of calculating returns. Third, in terms of the number of startups, India lags behind the USA and Great Britain. It shows that there are about 4,400 tech companies in India and this number is expected to grow to more than 13,000 by the end of 2023. India also has its own billion dollar club to be proud of. Startups like Flipkart, Paytm, Zomato, Snapdeal, Ola, InMobi, Hike, MuSigma and Quikr are included. Fintech business Mobi Kwik is also hoping to become a unicorn by raising another $100 million in investment. According to the NASSCOM Start-up Report 2023, startups generated 65,000 new jobs in 2014; by 2023, this number is expected to reach 250,000, mostly thanks to private sector initiatives. There is considerable potential for new job creation, often significantly greater than NASSCOM forecasts, if the government succeeds in creating the proactive start-up environment it has envisioned.

KEYWORDS: Startup India Schemes, Unicorn Startup, Startup Ranking, Registration

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