Posted on

Start-Up India

Entrepreneurship has been a major practice for centuries in India.Traders traveled across the sea and continents to sell or buy commodities.Even in today’s day and age alot of Indians have gone abroad to start their own business, big or small.

India is  very rich in terms of human resource.While  it has a billion strong workforce there also exist millions of small, medium and big businesses.These business combine to form a large share of GDP of India.

Start-up India is the kind of an initiative which could make India the most happening destination an help India overtake Israel in terms of entrepreneurship.

The MUDRA yojana is a perfect example to provide capital to budding entrepreneurs at a very low interest rate without any collateral.

Other than that, the tax holiday which new entrepreneurs get helps them to reinvest the money back into their business which leads to growth.

Different angel investor networks and entrepreneurial networks have welcomed this move, as it will create the kind of atmosphere where more professionals would like to use their work experience to create new innovative business which either offer a unique product or service.

It will take around 5-10 years to actually show the effect of this initiative since most of the business do not make much money in their first 3-5 years but either way it has created a euphoria especially amongst youngsters who have set their eyes on being the next zuckerberg or larry page

 

 

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s