50,000 startups recognized by Startup India scheme have created 5.5 lakh jobs

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Government’s Startup India flagship initiative has recognized 50,000 startups as on Thursday in a little over five year period that have created 5.5 lakh jobs. Startup India initiative was launched by Prime Minister Narendra Modi on 16 January, 2016 with an intention to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.

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“With the launch of the Startup India initiative, recognized startups have now spread across 623 districts. Each State and UT has at least one startup. 30 States and UTs have announced specific Startup policies to support startups. Maharashtra, Karnataka, Delhi, Uttar Pradesh and Gujarat have the greatest number of startups," DPIIT said in a statement. DPIIT said it took only 180 days to add the last 10,000 startups, as compared to 808 days for the first 10,000 at the beginning of the initiative. “

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