In his Independence Day Adress Prime Minister Narendra Modi launched a new campaign with the name “Start-up India, Stand up India”.
The campaign aims to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation.
The announcement of the campaign was made during the celebrations of 69th Independence Day at Red Fort, Delhi. The campaign is aimed at encouraging entrepreneurship among the youth of India.
Under this campaign, each of the 1.25 lakh bank branches across the country would have to encourage at least one Dalit or tribal entrepreneur and at least one woman entrepreneur.
Besides existing systems to facilitate start-ups, loans would also be given to help people.
The campaign aims to give a new dimension to entrepreneurship and help set up a network of start-ups in the country.