Government policies for entrepreneurship development in India

entrepreneurship development

coworking - startup

Want to set-up a business? 

Are you a dreamer who wants to translate their dreams into reality? Well, there are expenses for that, alongside all the other things that are absolutely necessary. Don’t worry about infrastructure, which is primary to any start-up as you have easy to afford shared office space in Delhi, NCR loaded with all the amenities that you can think of and beyond. But, did you know of the government schemes that supports your entrepreneurship?

Here are 4 government schemes that can help you in many different ways, you budding entrepreneur! 

NGI NewGen IEDC is a Business Innovation and Incubation Centre that actively supports ground-breaking innovative ideas of college-level students. Building an entrepreneurial mindset in Educational Institutions is really important since today, there is a need of knowledge-based technology implementing enterprises. Most of the start-up launches require financial, technical and technological support. NGI NewGen IEDC provides Rs. 2.5 lakhs to students for starting up new initiatives, and is supported by National Science and Technology Entrepreneurship Development Board (NSTEBD). 

The Women Entrepreneurship Platform (WEP) is a scheme brought about by NITI Aayog aiming at providing an ecosystem for budding and existing entrepreneurs across the country. SIDBI has partnered with NITI Aayog to assist in this initiative for providing. Ichha Shakti represents motivating aspiring entrepreneurs to be courageous and start their business. 

Gyaan Shakti represents providing knowledge and an ecosystem that supports the building of women entrepreneurship. Karma Shakti represents providing hands-on support to entrepreneurs in setting up their business.

Atal Incubation Centre is a thoughtful funding scheme that was started by NITI Aayog in the year 2016 aiming at promoting entrepreneurs by covering their operational costs. Its key goal is to support and nurture innovative technology-based startups. The financial support consists of grand-in-aid of up to 10 crores for maximum 5 years. Under this scheme, one also receives guidance on planning, go-to-market and financial advisory. 

MSME Market Development Assistance is a scheme announced with a goal of encouraging the participation of representatives of participating units. This scheme helps in enhancing marketing capabilities and competitiveness of MSMEs, update them about the prevalent market scenarios and its impact on their activities – especially, if an MSME wants to be showcased internationally in trade fairs and exhibitions. Companies that are registered with Directorate of Industries gets upto 100% reimbursement on all kinds of travelling expenses. 
Utilize one of these thoughtful schemes, start a business and book yourself a sprawling workplace in our coworking space in Janakpuri, Delhi. Utilizing a coworking space further cuts down on the unnecessary capital expenditure that can be used for other things.