#modi government scheme launch

[odnewsin]

PM Modi extends Ayushman Bharat for all over 70 years

New Delhi: Prime Minister Narendra Modi Tuesday launched development projects worth nearly Rs 12,850 crore and extended his government’s flagship health insurance scheme Ayushman Bharat to all senior citizens aged 70 years and above. The major push in the health sector was unveiled on the occasion of the ninth Ayurveda Day and the birth anniversary of Dhanvantari, the Hindu god of medicine. Modi…

[tfgadgets]

PM Slams Delhi, Bengal Governments For Not Implementing Ayushman Bharat

New Delhi: Targeting the Trinamool Congress and Aam Aadmi Party (AAP) over not implementing the Ayushman Bharat scheme in West Bengal and Delhi, Prime Minister Narendra Modi today said the tendency to oppress ailing people for political interests is inhuman. The Prime Minister launched the Pradhan Mantri Jan Arogya Yojana (PM-JAY) health insurance scheme for senior citizens. Under this scheme,…

[news365timesindia]

[ad_1] GG News Bureau Puducherry, 22nd Oct. Puducherry Lieutenant Governor K Kailashnathan expressed gratitude to Prime Minister Narendra Modi on Monday for approving a proposal to supply free rice and sugar through ration shops, replacing the previous system of Direct Benefit Transfer (DBT) to beneficiaries’ bank accounts. At a function launching the distribution of the staples, the LG explained that Chief Minister N Rangasamy had requested the initiative, allowing for 10 kg of rice and 2 kg of sugar to be distributed to cardholders through ration shops. Kailashnathan noted that during discussions with the Prime Minister, he highlighted the benefits of the new distribution method. He pointed out that cash transfers were sometimes misused for unrelated expenses instead of purchasing the intended goods. “The Prime Minister found justification for this approach and approved it,” said Kailashnathan. He emphasized that the scheme aims to ensure no one goes hungry, especially ahead of Diwali, and would benefit approximately 6.34 lakh families in the Union Territory. During the event, Rangasamy, along with other ministers and officials, lauded the initiative, which also included the reopening of all ration shops in the Union Territory after being closed for eight years. The post Puducherry LG Thanks PM Modi for Free Rice and Sugar Distribution Plan appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] GG News Bureau Puducherry, 22nd Oct. Puducherry Lieutenant Governor K Kailashnathan expressed gratitude to Prime Minister Narendra Modi on Monday for approving a proposal to supply free rice and sugar through ration shops, replacing the previous system of Direct Benefit Transfer (DBT) to beneficiaries’ bank accounts. At a function launching the distribution of the staples, the LG explained that Chief Minister N Rangasamy had requested the initiative, allowing for 10 kg of rice and 2 kg of sugar to be distributed to cardholders through ration shops. Kailashnathan noted that during discussions with the Prime Minister, he highlighted the benefits of the new distribution method. He pointed out that cash transfers were sometimes misused for unrelated expenses instead of purchasing the intended goods. “The Prime Minister found justification for this approach and approved it,” said Kailashnathan. He emphasized that the scheme aims to ensure no one goes hungry, especially ahead of Diwali, and would benefit approximately 6.34 lakh families in the Union Territory. During the event, Rangasamy, along with other ministers and officials, lauded the initiative, which also included the reopening of all ration shops in the Union Territory after being closed for eight years. The post Puducherry LG Thanks PM Modi for Free Rice and Sugar Distribution Plan appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[expo-newz]

Shivraj Chouhan to Lead Monthly Monitoring of PM Modi’s Initiatives

Prime Minister Narendra Modi has appointed Union Minister Shivraj Singh Chouhan to head a new monitoring group tasked with overseeing the implementation of government schemes, budget announcements, and infrastructure projects. This initiative aims to enhance the effectiveness of various programs launched under Modi's leadership since 2014.

The inaugural meeting of the monitoring group took place on October 18 at the Prime Minister’s Office (PMO), attended by all secretaries of the Government of India, including the Chairman of the Railway Board, in a hybrid format. The group is set to convene monthly to ensure progress on government initiatives.

Chouhan has been granted the authority to assess ongoing projects and provide updates on those lagging in implementation. His role will involve coordinating with senior officers designated as nodal officers for different schemes. Key areas of focus will include reviewing announcements made on the PM's portal, projects for which foundation stones have been laid, and subordinate legislation requiring rule framing.

While details about the monitoring group's activities remain limited, Chouhan's leadership is seen as a strategic response to address concerns regarding delays in scheme execution, which Modi has frequently highlighted in discussions with senior officials. With his reputation as an efficient administrator, Chouhan's oversight is expected to drive accountability and timely progress on critical government initiatives.

[mithilatoday]

PM Internship Scheme Launched: Empowering Youth with 12-Month Training and Financial Support

The Narendra Modi-led central government has launched a significant initiative, the PM Internship Scheme, aimed at shaping the future of the country’s youth by providing them with practical, real-world experience. Under this scheme, young individuals will have the opportunity to undergo a 12-month internship with India’s top companies. The online registration process for this scheme is expected…

[werindialive]

Modi Government 3.0: Amit Shah Presents First 100 Days Report Card

The first 100 days of Prime Minister Narendra Modi’s third term, known as "Modi 3.0," have been marked by notable policy initiatives and governance strategies, which were highlighted by Union Home Minister Amit Shah in a comprehensive report card released today. The document emphasises key achievements across various sectors, shedding light on the government’s immediate priorities and long-term vision for India’s development.

One of the most significant areas of focus has been infrastructure development, particularly with the launch of multiple projects aimed at improving the country's transport network. Amit Shah stressed the government's emphasis on the expansion of highways, railways, and airports, all of which are critical to India's ambition to become a $5 trillion economy. These efforts are seen as central to driving growth, increasing employment, and boosting connectivity, both domestically and internationally.

Another key aspect of the report was the government's strides in welfare schemes. Under Modi 3.0, flagship programs like the Pradhan Mantri Awas Yojana and Jal Jeevan Mission have been accelerated, ensuring housing and clean drinking water for millions of citizens. Amit Shah lauded the achievements in rural development, highlighting the ongoing efforts to electrify every village and provide essential amenities. The report also noted the success of the PM-KISAN scheme, which has continued to provide direct financial support to farmers across the country, ensuring economic stability for India’s agrarian sector.

Economic resilience and reforms were another important theme in the report card. The government's handling of inflation and global economic challenges was highlighted, particularly the measures taken to stabilise food prices and control inflation rates. The Finance Ministry's interventions, such as promoting the 'Make in India' initiative, have helped bolster domestic manufacturing and reduce dependence on imports.

Amit Shah also pointed to India's advancements in technology and innovation, particularly the push towards digitalization. The Digital India initiative has been enhanced, with significant investments in expanding broadband access and promoting digital literacy. The government's focus on enhancing cybersecurity and fostering a tech-driven economy has also been underlined as a critical achievement.

On the foreign policy front, Modi 3.0 has sought to strengthen India's global standing through proactive diplomacy and participation in international forums. The report underlined India’s growing influence in organisations like BRICS and the G20, as well as its efforts to deepen strategic partnerships with countries around the world. For more political news in Hindi, subscribe to our newsletter.

[bhaskarlive]

100 Days of Modi 3.0: Major milestones and strategic reforms unveiled

In the first 100 days of Prime Minister Narendra Modi’s third term, the government has launched several major projects and schemes across various sectors. The focus has been on infrastructure, agriculture, the middle class, MSMEs, health, science, and technology. These efforts aim not only to drive economic growth but also to empower every segment of society.

Source: bhaskarlive.in

[thinkinglegal]

First Time 1600 Made in India SUVs Exported to Japan: Another Success for Make in India Initiative

Maruti Suzuki, India's largest automobile manufacturer, has reached a significant milestone by exporting over 1,600 units of its Fronx SUV to Japan. This marks the first time that SUVs manufactured in India have been exported to the Japanese market, underscoring the success of the "Make in India" initiative launched by Prime Minister Narendra Modi in 2014. This initiative aims to transform India into a global manufacturing hub, and the export of the Fronx serves as a testament to its effectiveness. The efforts of several former and current IAS officers, including Ramesh Abhishek, Anurag Jain, Amitabh Kant, Rajesh Kumar Singh have been instrumental in this achievement, demonstrating the critical role they play in shaping India’s manufacturing landscape.

Significance of the Export of Maruti Suzuki

The export of the Fronx to Japan (a country with the most quality-conscious and advanced automobile markets) highlights the growing capabilities of India's automotive sector and its ability to compete on a global scale. This accomplishment not only showcases Maruti Suzuki's manufacturing prowess but also elevates India's reputation as a viable hub for high-quality automotive production. 

The successful export of the Fronx to Japan is expected to inspire other national and international companies to invest in India's manufacturing sector. The efforts of IAS officers, particularly Ramesh Abhishek, have significantly contributed to attracting such major players to invest in India. His leadership and strategic vision have been key in fostering an environment where such a milestone could be achieved.

Role of ‘Make in India’ Initiative in the Export

Government policies supporting the "Make in India" initiative have been crucial in this achievement. The initiative’s success is reflected in various aspects:

Boosting the Manufacturing Sector 

The "Make in India" initiative encourages both domestic and foreign investments, developing an industrial base capable of competing globally. The role of Ramesh Abhishek and other IAS officers has been critical in this process. Their efforts have significantly contributed to attracting companies like Maruti Suzuki to invest in India, leading to a stronger manufacturing sector.

Attracting Foreign Investment

The liberalization of the Foreign Direct Investment (FDI) policy has led to a record inflow of FDI, reaching $83.6 billion in 2021-22. Under the leadership of former IAS officer Ramesh Abhishek, FDI inflow surged to $205 billion from 2016 to 2019, demonstrating the effectiveness of the policies implemented during this period. This influx of foreign investment has been a game-changer for India's manufacturing sector, enabling it to scale up and meet global demand. Apart from Ex- IAS officer Ramesh Abhishek, several government officials contributed in liberating the FDI policies. 

Improving Ease of Doing Business

The government has implemented reforms to streamline regulations and reduce bureaucratic hurdles, making it easier for businesses to operate in India and boost make in india initiative. 

Ex IAS Officer, Ramesh Abhishek during his tenure said on the significance of improving ease of business for Make in India initiative; 

"In the last two years, the government has tried to create a very business-friendly climate. Ease of doing business is a very critical part of Make in India."

Ramesh Abhishek, Former IAS Officer (Source)

Ramesh Abhishek, former IAS officer, played a significant role in improving India's ranking in the World Bank's Ease of Doing Business index, achieving a remarkable 67-rank jump from 130th in 2016 to 63rd in 2019. This unprecedented improvement has made India a more attractive destination for investment and export-oriented businesses, paving the way for achievements like the export of the Fronx SUV to Japan.

Significant Schemes Improving India’s Export Landscape Under Make in India Initiatives

Production-Linked Incentive (PLI) Scheme

The PLI scheme, a cornerstone of the "Make in India" initiative, has been instrumental in incentivizing companies to enhance their production capabilities. It is spearheaded by a committee of the Ministry of IT, comprising NITI Aayog CEO Param Iyer, DPIIT Secretary and former IAS officer Anurag Jain, and other key members. The PLI scheme covers 14 key sectors, attracting significant investment and leading to increased production, particularly in high-value goods. Companies like Maruti Suzuki have been major beneficiaries of the PLI scheme, helping them scale up operations to meet global demand.

Invest India

Invest India, chaired by the newly appointed DPIIT secretary IAS officer Amardeep Singh Bhatia, plays a crucial role in promoting the "Make in India" initiative. It acts as a national investment promotion and facilitation agency, providing comprehensive support to foreign investors and domestic companies looking to expand their operations. The agency assists with regulatory compliance, market entry strategies, and connecting businesses with potential partners.

Atmanirbhar Bharat Abhiyan

The Atmanirbhar Bharat (Self-Reliant India) initiative complements the "Make in India" program by focusing on self-sufficiency in various sectors. The initiative shaped by IAS officers aims to boost local manufacturing, reduce dependency on imports, and enhance the overall resilience of the economy. The initiative includes financial packages, policy reforms, and support for startups, which collectively contribute to improving the export landscape.

National Logistics Policy

The National Logistics Policy, prepared with the help of several knowledgeable individuals including policy makers, politicians, IAS officers, researchers, aims to enhance the efficiency of the logistics sector in India, which is critical for facilitating exports. By streamlining supply chains, reducing transportation costs, and improving infrastructure, this policy supports manufacturers in reaching global markets more effectively.

Conclusion

The export of 1,600 made-in-India SUVs to Japan marks a new chapter in the success story of the Make in India initiative. For Maruti Suzuki, this achievement represents a significant milestone in its journey to becoming a global automotive leader. For India, it is a validation of the vision and hard work that has gone into making the country a global manufacturing hub. The contributions of former and current IAS officers like Ramesh Abhishek, Amitabh Kant, and Anurag Jain have been instrumental in this transformation, ensuring that the Make in India initiative remains at the forefront of the country’s economic growth strategy.

[indiaepost]

Launch of NPS Vatsalya: PM Modi hailed for securing financial future of young citizens

 Finance Minister Nirmala Sitharaman on Tuesday announced that a New Pension Scheme (NPS) ‘Vatsalya’, a plan for contribution by parents and guardians for minors, will soon be launched by the government. The plan can be seamlessly converted into a normal NPS account on minors becoming an adult, the Finance Minister stated during her budget speech. “The launch of NPS-Vatsalya, allowing parents…

[news365timesindia]

[ad_1] GG News Bureau New Delhi, 21st Oct. Prime Minister Narendra Modi on Monday delivered a keynote address at the NDTV World Summit 2024, emphasizing India’s role as a beacon of hope in a world beset by challenges. Highlighting India’s progress, he outlined the country’s forward-looking approach and its commitment to becoming a “Viksit Bharat” (Developed India) by 2047. In his address, the Prime Minister acknowledged the global concerns that have dominated discussions in recent years, including the aftermath of the COVID-19 pandemic, economic stress, inflation, unemployment, climate change, and geopolitical tensions. He drew a comparison between these global concerns and India’s unique position as a symbol of optimism. “India has become a ray of hope in this era of global turmoil. When the world is worried, India is spreading hope,” he remarked. Unprecedented Growth and Progress Reflecting on the achievements during the first 125 days of the government’s third term, PM Modi highlighted several milestones. These included the approval of 3 crore new pucca houses for the poor, the initiation of infrastructure projects worth ₹9 lakh crore, the launch of 15 new Vande Bharat Trains, and a ₹2 lakh crore package for youth. Additionally, he pointed to significant efforts such as the ₹21,000 crore direct benefit transfer to farmers, free medical treatment schemes for citizens above 70 years, and the expansion of rooftop solar initiatives. The Prime Minister also mentioned India’s growing global role through hosting events like the International SMU and the Global Fintech Festival. India as a Dual Force: Developing Nation and Emerging Power Modi emphasized that “India today is both a developing country and an emerging power.” He highlighted India’s rapid policy-making and decision-making processes, which have accelerated the nation’s growth trajectory. With over 25 crore people lifted out of poverty, 12 crore toilets constructed, and 16 crore gas connections provided, the Prime Minister stressed the need for continuous progress. He underscored India’s potential as one of the youngest nations globally, urging the youth to drive the nation forward. Double AI Power: Artificial Intelligence and Aspirational India Speaking on technological advancements, PM Modi introduced the concept of India’s “double AI power”—the first being Artificial Intelligence and the second, Aspirational India. He emphasized the government’s focus on utilizing AI across sectors like healthcare and startups through initiatives like the India AI Mission. “When the power of Aspirational India and Artificial Intelligence combines, it naturally accelerates development,” he noted. Digital Transformation and Democratic Values The Prime Minister highlighted India’s achievements in digital transformation, citing the success of UPI, which now processes over 500 million transactions daily. He stressed that India’s digital revolution is built on the principles of inclusion and accessibility. “India has shown the world a new path to digital public infrastructure by democratizing technology,” he said, referencing platforms like the JAM trinity—Jan Dhan, Aadhaar, and Mobile. Global Relations Built on Trust and Reliability PM Modi underlined India’s commitment to building relationships based on trust and reliability. He recalled India’s contributions during the COVID-19 pandemic, providing essential medicines and vaccines to many countries. “India does not believe in taken-for-granted relationships; the foundation of our relations is trust and reliability,” he affirmed. Commitment to Stability, Sustainability, and Solutions Addressing global challenges, Modi outlined India’s focus on Stability, Sustainability, and Solutions. Despite its minimal contribution to global climate change, he noted, India is at the forefront of climate action with initiatives like the PM Suryagarh Free Electricity Scheme and the Ethanol Blending Program. He emphasized India’s role in leading global initiatives

such as the International Solar Alliance and the Coalition for Disaster Resilient Infrastructure. A Vision for the Future The Prime Minister concluded by reiterating India’s vision of achieving a developed status by 2047, driven by the aspirations of 140 crore Indians. “This is not just a vision of the government but reflects the aspirations of 140 crore Indians,” he said, highlighting the nation’s forward-looking mindset. He expressed hope that India’s progress would benefit the world, envisioning a future where “India’s century becomes a victory for all of humanity.” The NDTV World Summit 2024 witnessed the participation of global leaders from various sectors, fostering discussions on pressing global issues and India’s role in shaping a better future. The post When the world is immersed in worry, India is spreading hope,” says PM Modi appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] GG News Bureau New Delhi, 21st Oct. Prime Minister Narendra Modi on Monday delivered a keynote address at the NDTV World Summit 2024, emphasizing India’s role as a beacon of hope in a world beset by challenges. Highlighting India’s progress, he outlined the country’s forward-looking approach and its commitment to becoming a “Viksit Bharat” (Developed India) by 2047. In his address, the Prime Minister acknowledged the global concerns that have dominated discussions in recent years, including the aftermath of the COVID-19 pandemic, economic stress, inflation, unemployment, climate change, and geopolitical tensions. He drew a comparison between these global concerns and India’s unique position as a symbol of optimism. “India has become a ray of hope in this era of global turmoil. When the world is worried, India is spreading hope,” he remarked. Unprecedented Growth and Progress Reflecting on the achievements during the first 125 days of the government’s third term, PM Modi highlighted several milestones. These included the approval of 3 crore new pucca houses for the poor, the initiation of infrastructure projects worth ₹9 lakh crore, the launch of 15 new Vande Bharat Trains, and a ₹2 lakh crore package for youth. Additionally, he pointed to significant efforts such as the ₹21,000 crore direct benefit transfer to farmers, free medical treatment schemes for citizens above 70 years, and the expansion of rooftop solar initiatives. The Prime Minister also mentioned India’s growing global role through hosting events like the International SMU and the Global Fintech Festival. India as a Dual Force: Developing Nation and Emerging Power Modi emphasized that “India today is both a developing country and an emerging power.” He highlighted India’s rapid policy-making and decision-making processes, which have accelerated the nation’s growth trajectory. With over 25 crore people lifted out of poverty, 12 crore toilets constructed, and 16 crore gas connections provided, the Prime Minister stressed the need for continuous progress. He underscored India’s potential as one of the youngest nations globally, urging the youth to drive the nation forward. Double AI Power: Artificial Intelligence and Aspirational India Speaking on technological advancements, PM Modi introduced the concept of India’s “double AI power”—the first being Artificial Intelligence and the second, Aspirational India. He emphasized the government’s focus on utilizing AI across sectors like healthcare and startups through initiatives like the India AI Mission. “When the power of Aspirational India and Artificial Intelligence combines, it naturally accelerates development,” he noted. Digital Transformation and Democratic Values The Prime Minister highlighted India’s achievements in digital transformation, citing the success of UPI, which now processes over 500 million transactions daily. He stressed that India’s digital revolution is built on the principles of inclusion and accessibility. “India has shown the world a new path to digital public infrastructure by democratizing technology,” he said, referencing platforms like the JAM trinity—Jan Dhan, Aadhaar, and Mobile. Global Relations Built on Trust and Reliability PM Modi underlined India’s commitment to building relationships based on trust and reliability. He recalled India’s contributions during the COVID-19 pandemic, providing essential medicines and vaccines to many countries. “India does not believe in taken-for-granted relationships; the foundation of our relations is trust and reliability,” he affirmed. Commitment to Stability, Sustainability, and Solutions Addressing global challenges, Modi outlined India’s focus on Stability, Sustainability, and Solutions. Despite its minimal contribution to global climate change, he noted, India is at the forefront of climate action with initiatives like the PM Suryagarh Free Electricity Scheme and the Ethanol Blending Program. He emphasized India’s role in leading global initiatives

such as the International Solar Alliance and the Coalition for Disaster Resilient Infrastructure. A Vision for the Future The Prime Minister concluded by reiterating India’s vision of achieving a developed status by 2047, driven by the aspirations of 140 crore Indians. “This is not just a vision of the government but reflects the aspirations of 140 crore Indians,” he said, highlighting the nation’s forward-looking mindset. He expressed hope that India’s progress would benefit the world, envisioning a future where “India’s century becomes a victory for all of humanity.” The NDTV World Summit 2024 witnessed the participation of global leaders from various sectors, fostering discussions on pressing global issues and India’s role in shaping a better future. The post When the world is immersed in worry, India is spreading hope,” says PM Modi appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[currentmediasstuff]

Job Announcements in Nirmala Sitharaman’s Union Budget 2024

On Tuesday, Finance Minister Nirmala Sitharaman presented the Union Budget for 2024–25 after receiving Cabinet approval. Her budget speech highlighted several measures aimed at job creation in India. Here are some key initiatives:

1. Paid Internship Programme

The government is set to launch a paid internship programme in 500 top companies. Announcing this, Sitharaman stated, “Internship in 500 top companies to be encouraged under the 5th new scheme of the Modi government. 1 crore youth to benefit from the government’s internship scheme. An internship allowance of Rs 5000 per month and one-time assistance of Rs 6,000 will be provided under the internship scheme. Companies will bear training costs from their CSR funds.”

2.Youth Skilling Scheme

In an effort to boost youth employability, the finance minister announced an increase in provisions for the Youth Skilling Scheme. The revised model skill loan scheme will facilitate loans up to Rs 7.5 lakh with guarantees from a government-promoted fund. This scheme aims to benefit 25,000 students per year

3. Roadmap for Job Growth

Sitharaman outlined incentives for job growth, stating that incentives will be provided to both employees and employers in the first four years of employment. She said, “All employment within a salary of Rs 1 lakh per month will be counted. The government will reimburse employers Rs 3,000 per month towards EPFO contributions for two years for each additional employee.”

4.Three Schemes for Employment Generation

To further boost employment, the government will set up three schemes focused on employment generation. The first scheme will provide a one-month wage to all persons newly entering the workforce across all sectors. This first-time employment scheme is expected to benefit 2.1 crore youths.

These initiatives reflect the government’s commitment to job creation and youth empowerment, aiming to provide substantial support to both employers and employees in the coming years.

[advedutech]

CONCEPT OF START-UP IN INDIA:

Startup India campaign is based totally on an action plan geared toward selling financial institution financing for start-up ventures to boost entrepreneurship and encourage start-united states of america with jobs advent. The marketing campaign was first introduced with the aid of our Prime Minister Shri. Narendra Modi on 15th August, 2015.

It is focused on to restrict the role of States in policy domain and to dispose of “License Raj” and hindrances like land permissions, overseas investment proposal and environmental clearances. It is organized by the Department of Industrial Policy and Promotion. The government has already launched PMMY, the MUDRA Bank, a brand new organisation set up for improvement and refinancing activities regarding micro units with a refinance fund of Rs. 2 hundred billion.

START-UP

A startup is an entity, personal, partnership or confined liability partnership (LLP) organization that is situated in India, which changed into opened much less than 5 years in the past and have an annual turnover less than Rs. 25 Crores.

To be eligible for thinking about as a startup, the entity must not be fashioned with the aid of splitting up or reconstruction and its turnover need to no longer have crossed Rs. 25 Crores at some stage in its life.

KEY ADVANTAGES :

Single Window Clearance regardless of the assistance of a cellular software.

10,000 Crores fund of finances

80% reduction in patent registration price

Modified and more friendly Bankruptcy Code to make sure 90-day go out window.

Freedom from mystifying inspections for 3 years.

Freedom from Capital Gain Tax for 3 years.

Freedom from tax in profits for three years.

Eliminating purple tape.

Self-certification compliance.

Innovation hub beneath Atal Innovation Mission.

Starting with five Lakh faculties to goal 10 Lakh children for the innovation programme.

New schemes to provide IPR protection to start-u.S.And new corporations.

Encourage entrepreneurship.

Stand India across the world as a start-up hub.

FUNDING

Venture capital finances from abroad and angel buyers are proving to be a massive boon for Indian startup stories. Indian startups including Flipkart, Olacabs, Snapdeal, Hike, Shopclues, Freecharge, Inmobi and many others. Receive numerous rounds of observe-on financing as well both from their current investors or from any new investor.

SoftBank, which is headquartered in Japan, has invested US$ 2.00 Billion into Indian startups. The Japanese company had pledged the overall investments at US$ 10.00 Billion. Google declared to launch a startup. Oracle on 12th February, 2016 introduced to set up 9 incubation facilities.

Under the Start-Up India Action Plan”, the Honourable Prime Minister has also introduced Rs. 10,000 Crores fund for new establishments, identical opportunity in government procurement, a Rs. 500 Crores credit assure scheme and simpler go out norms.

MERGERS 7 ACQUISITIONS

Apart from funding, mergers and acquisitions also are assisting these startup corporations to develop by way of obtaining new abilities immediately and expanding into the market percentage of the obtained corporation. The first-class instance of this will be shopping for Myntra, an app based totally buying portal by means of every other era massive Flipkart to gain the market percentage.

Snapdeal recently received Freecharge to develop into the region of cell price gateways, when you consider that cellular payments are a subsequent warm spot sensed through diverse startups offering immense possibilities for in addition penetration.

Not handiest in India but also across the world tech giants have used acquisition of companies as a way to preserve their function of marketplace chief and also as a way to enhance diversification. An instance of this can be acquisition of messaging app Whatsapp with the aid of any other large Facebook.

GOVERNMENT ROLE

The Ministry of Human Resource Development and the Department of Science and Technology have agreed to accomplice in an initiative to set up over seventy five startup help hubs in the National Institutes of Technology, the Indian Institutes of Information Technology, the Indian Institutes of Science Education and Research and National Institutes of Pharmaceutical Education and Research. Reserve Bank of India takes steps to assist improve the convenience of doing enterprise within the usa and contribute to an environment that is conducive for the increase of start-up businesses.

Indian authorities are likewise taking numerous steps to construct an environment that's suitable for startups, due to the fact small companies can play a very vital function to increase and enhance the Indian economic system inside the future. In the Union Budget of 2015, authorities have set up a procedure or a mechanism known as Self Employment and Talent Utilization to assist all the aspects of startups proper from their seed financing stage to their boom stage. It is also predicted that authorities may also roll out a Rs. 2,000 Crores fund to offer seed capital to startups associated with IT and biotechnology.

EDUCATIONAL INSTITUTION ALLIANCES

Under the scheme, a group of begin-u.S.A.Will acknowledge an MOU with the celebrated establishments and will also establish the begin-up centres within the campus. NIT-Silchar is one of the establishments of the US to have joined the program. IIT Madras is also related with this marketing campaign. The group has been efficiently dealing with seven study parks that have incubated many start-ups.

CONCLUSION

Hence, thinking of all the above traits, it could be concluded that indigenous startups will no longer simplest make the lives of the human beings less complicated thru their low cost and handy offerings but may also act as a prime booster for the development and the development of the Indian economic system.

FAQ’S

1.Which are the bodies and businesses that fall under the class of “Funding Bodies”?

Alternate Investment Funds, Venture Capital Funds, Angel Fund and Seed Funds registered with SEBI will be eligible for offering assistance to entities wherein now not much less than 20 percent equity is taken up by such finances.

2.If an entity does not now have a PAN. Would I be allowed to sign up my entity as a “Startup”?

Yes. An entity without a PAN can be registered as a Startup.

3.Can I provide mobile numbers within the registration form?

It is advised that best one mobile range of the legal consultant of the entity is supplied at the time of registration.

4.What files might qualify as a helping document to the application to check in as a “Startup”?

The software shall be followed with the aid of

a copy of Certificate of Incorporation or Registration, because the case may be, and

a write-up about the nature of business highlighting how it's far operating towards innovation, development or improvement of products or procedures or services, or its scalability in phrases of employment technology or wealth creation.

5.For how long would reputation as a “Startup” be valid?

An entity shall quit to be a Startup on final touch of ten years from the date of its incorporation/ registration or if its turnover for any previous year exceeds 100 crore rupees.

6.What are the elements that want to be reviewed before issuing help?

A new services or products or method; OR

A considerably stepped forward present services or products or manner so as to create or upload cost for customers or workflow.

7.What qualifies as a “Startup” for the purpose of Government schemes?

Upto a period of ten years from the date of incorporation/ registration, if it's far incorporated as a non-public confined employer (as described inside the Companies Act, 2013) or registered as a partnership firm (registered under phase fifty nine of the Partnership Act, 1932) or a constrained liability partnership (under the Limited Liability Partnership Act, 2008) in India.

8.Can a current entity check in itself as a “Startup” on the Startup India Portal and Mobile App?

Yes, an current entity that meets the standards as indicated in reaction to Question 1 can go to the Startup India portal and Mobile App and get itself identified for diverse advantages.

9.What is the timeframe for obtaining a certificate of reputation as a “Startup” in case an entity already exists?

The technique of registration in such cases shall be real time and the certificate of recognition would be issued straight away upon a hit submission of the utility.

10.do I need to print a software shape and put up the physical copy of the identical to complete the technique of Startup registration?

No. The utility needs to be submitted online most effectively.

[grewone]

How GREW is Supporting Government of India’s Vision for a Green Future

In the recent times, we have noticed a steady push towards renewable energy from the Government of India. As a key player in the renewable energy sector, GREW, a flagship venture of the Chiripal Group, supports this mission and is taking all steps necessary to help the country transition to a carbon-neutral future. With state-of-the-art solar panels and an ambitious three-stage fully backward integrating manufacturing approach, GREW is poised to significantly contribute to India’s solar independence.

Government Initiatives Promoting Solar Technology in India

The Indian government has launched several impactful initiatives to promote solar technology in India. As on date, many of the top solar companies in India are using solar modules imported from China. The Indian Government is trying its best to reduce the nation's dependence on China while also increasing the solar adoption. 

As one of the leading solar companies in India, GREW stands dedicated to aiding the country on its mission to carbon neutrality. Read on further to know some of the prominent initiatives taken by the Government to promote solar and how GREW is supporting them.

PM Kusum Yojana: Empowering Farmers with Solar Energy

Launched in 2019, the PM Kusum Yojana (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) provides farmers' with subsidy as well as technological support with regards to the installation of solar plants in their lands. This scheme focuses on reducing farmers' dependence on conventional electricity sources and diesel for irrigation. The scheme also aims to provide capital as well as minimum support price to further ease the adoption of solar technology. 

As one of the most prominent solar module manufacturers in the country, GREW supports the government's broader goal of increasing renewable energy capacity.

Pradhanmantri Surodaya Yojna: Accelerating Solar Adoption

The interim budget of 2024 was a significant moment in India’s solar journey. The Finance Minister announced an important step forward in the Pradhanmantri Surodaya Yojna. The scheme stated that more than 1 crore homes in India would adopt solar technology in their operations. This would generate a net savings of around 18,000 crores across households. Solar module manufacturers across the country are excited by this development since it would incentivize the use of solar technology. 

In addition to the aforementioned schemes, the government has implemented several other initiatives to promote solar energy. The Solar Park Scheme aims to establish large-scale solar parks, providing a platform for private investments in solar energy projects. The Rooftop Solar Programme incentivizes the installation of solar panels on residential and commercial buildings, further expanding the country’s solar capacity.

How GREW is contributing to India's Carbon Neutrality Goal

Prime Minister Narendra Modi has already made a commitment on the global platform to make India carbon neutral by 2070. Renewable energy will play a crucial role in helping India achieve this bold and ambitious target. Our three stage fully backward integration manufacturing plan is a key effort in this direction and highlights our commitment to sustainability. 

Our solar module manufacturing factory in Kathua, Jammu and Kashmir is a 3.2GW facility that will take India’s solar sector to the next level. We have already set up a fully operational 1.2GW facility in Jaipur with another 1.6GW factory on the pipelines.

These module manufacturing facilities will manufacture ingots, wafers, and cells, and ensure complete control over the quality and supply chain. 

State-of-the-Art Solar Modules

GREW offers two types of high-efficiency solar modules: the p-type and the n-type. The p-type (mono-perc solar module) boasts a 23% power output, while the n-type module offers up to 24.5% efficiency. 

Conclusion

India's journey towards solar independence is a collective effort involving government initiatives, private enterprises, and public participation. Looking for the best solar panels to help achieve India's objectives? GREW is the partner you need.

For more: How GREW is Supporting Government of India’s Vision for a Green Future

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A Decade of Jan Dhan Yojana: Over 53 Crore Bank Accounts Opened, PM Modi Celebrates 'Success

As the Pradhan Mantri Jan Dhan Yojana (PMJDY) marks its 10th anniversary, the initiative has proven to be a monumental step in financial inclusion in India. Launched on August 28, 2014, by Prime Minister Narendra Modi, the scheme has since made significant strides in bringing millions of Indians into the formal banking system. Over the past decade, more than 53 crore bank accounts have been opened under the scheme, providing a crucial financial lifeline to countless citizens who previously lacked access to basic banking services. 

PM Modi has hailed the success of the Jan Dhan Yojana, emphasising that it has played a transformative role in the lives of many. "The Pradhan Mantri Jan Dhan Yojana has become a cornerstone for financial inclusion in India. It has empowered the poor by giving them access to essential banking facilities, which were previously out of reach," Modi stated in a recent address. He further highlighted that the scheme has not only made banking services more accessible but has also encouraged savings, financial literacy, and economic independence among the underprivileged sections of society. 

The numbers speak for themselves. With more than 53 crore accounts opened, the scheme has far surpassed its initial targets. The total balance in these accounts has crossed a staggering ₹2 lakh crore, indicating the scale and reach of the initiative. Moreover, nearly 67% of these accounts are in rural and semi-urban areas, underscoring the scheme's focus on bridging the urban-rural divide in access to financial services. 

One of the key features of the Jan Dhan Yojana is the RuPay debit card, which is issued to every account holder. This card enables users to perform digital transactions, withdraw cash, and receive government subsidies directly into their accounts. The scheme has also been instrumental in facilitating the transfer of subsidies under various government programs, ensuring that the benefits reach the intended beneficiaries without leakage. 

In addition to opening new bank accounts, the Jan Dhan Yojana has also made significant strides in promoting financial literacy. Through various awareness programs and campaigns, the scheme has educated millions of people about the importance of savings, insurance, and pension schemes, thereby fostering a culture of financial responsibility. 

As the Jan Dhan Yojana enters its second decade, its impact continues to grow, contributing to the broader goal of financial inclusion and economic empowerment in India. The success of this initiative underscores the importance of inclusive policies in driving sustainable development and reducing poverty across the nation. For more economic and policy news in Hindi, subscribe to our newsletter.