The businessman received help from this government initiative
During Prime Minister Narendra Modi’s tenure, a lot of work has been done to promote entrepreneurship. The government has also initiated many schemes for this such as Mudra Yojana, Swanidhi Yojana. Similarly, to promote innovation and technology-based products, the government has initiated a DST fund scheme. With its help, the fortunes of 1,074 entrepreneurs have changed.
With the help of the government initiative DST Fund Scheme, more than 1,200 products and prototypes have been developed in the country. 233 patents have been granted in this way. The Department of Science and Technology (DST) has launched a National Innovation Development Initiative (Fund). Under this framework, 1,074 entrepreneurs have been supported. It has created 571 companies and provided employment to 3,693 people.
On this issue, Science and Technology Secretary Abhay Karandikar issued a report and provided new information. According to the report, this scheme was launched in 2016. This fund has made a significant contribution to India’s scientific and technological entrepreneurial prospects. There are a sufficient number of women entrepreneurs among them.
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The scheme of Mudra and Swanidhi is also effective.
Not only this, many other important schemes were also launched during the tenure of the Modi government to promote self-employment. Pradhan Mantri Mudra Yojana is very important in this. Under this scheme, the government is offering collateral-free loans up to Rs 10 lakh. Now the government has offered to increase its limit to Rs 20 lakh. Women took full advantage of this scheme and around 70 per cent of the beneficiaries were women.
Similarly, the Swanidhi scheme empowers millions of street vendors in the country. Under this scheme, the government provides concessional loans to street vendors considering their digital transactions as the basis of their earnings. If their loan repayment rate remains good, then their loan amount increases, meaning they get a bigger loan.
