1) The campaign ‘Start-up India; Stand up India is to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation.
2) He announced that this initiative would encourage entrepreneurship among the youth of India.
3) 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.
4) This initiative can give a new dimension to entrepreneurship and help in setting up a network of start-ups in the country.
5) Prime Minister Narender Modi said," We are looking at systems for enabling start-ups. We must be number one in start - ups...Start up India; Stand up India."
He also announced:
- Union Agriculture Ministry will be renamed as the 'Ministry of Agriculture and Farmers'.
- 17 Crore Bank accounts were opened through Pradhan Mantri Jan Dhan Yojna. Approximately Rs. 20,000 Crore has been deposited by people in it. Reflecting the "Richness of India's Poor".
- 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.
Being in the news for a while and specially announced on the occasion of 69th Independence day, this topic is of utter importance and have the high probability to be asked in the exam. So try ti remember the facts and you will surely be able to recollect
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