3 ways the launch of startups India hub will help entrepreneurs

Prime Minister Narendra Modi has however  kicked off the ambitious Startup India Movement.This  government programme however  aims in order  to fill the gaps in the economy for the growth and also for the development of startups and will also aim in order  to boost the digital entrepreneurship at the grassroots. The government is thus  expected in order to earmark around Rs 2,000 crore for thus for this initiative.

However , since the conception of thus the Startup India Standup India initiative, the Narendra Modi government had however  promised a transformation which was thus  of the start-up ecosystem and has also  even introduced a host of the  initiatives since then. While the promises however excited all in the beginning, it thus also seemed in order  to wear off when the government  thus took some time in order  to figure out the initiatives and also as to  how or which start-up can however  avail it. By , stepping up to  their game, the government has however now  introduced a  Startup India Hub, one that it had however  promised at the launch of the initiative in 2016.

The purpose of this article is to make the reader aware of the 3 ways in which launch of startups india hub will help the entrepreneurs.

However the much awaited unveiling of # the StartupIndia which was launched  by the  Prime Minister of India has resulted in bringing lots of positivity thus  among the entrepreneurs in India. The startup owners are thus  elated by the fact that India thus  has the third largest number of start-ups which is thus  globally. IESA (Indian Electronics and Semiconductor Association) also applauds the government for however being a facilitator in order to build the startup nation. Also , with the Government’s support, a startup can however be built in a day which will thus definitely motivate many of the  young entrepreneurs in order  to turn the ideas into an  action thereby however increasing the jobs in India as well.

On the Cut to 2017, and the government thus boasts that it however has however facilitated the existence of almost 3,300 startups with 963 crores of the funds that are disbursed by the government agencies, Rs 828 crores are however  sanctioned for the  infrastructure facilities that will however  make way for the growth of start-ups and also over 1,000 identified facilitators who will however  be helping the start-ups. While the hullabaloo of the  tax benefits which is thus from the government has however been around for long, 39 startups have however  been exempted from the  taxes so far. The DIPP secretary Ramesh Abhishek had thus  also announced that they thus  have approached the Union Cabinet for a 2000 crore fund for the  startups and are also waiting on the approval for the same.

But while these are however  yet in order  to see the fruition of their labour, the Startup India Hub is however  now live allowing the  entrepreneurs in order to start interacting with the others which is however from the ecosystem.

We would now list the reaons as to Startup India hub, a virtual one, is however slated in order to be a gamechanger in the ecosystem.

1. A One Stop Shop for All

While the  entrepreneurs which are however in the Tier I cities have thus access to the networking events, mentors and funds, Tier II and Tier III cities however  even with their talent, however fail in order  to reach out to the knowledge base. Now, thus there  a virtual hub which thus acts like a social media platform for the  entrepreneurs, the Startup India Hub will however connect the entrepreneurs to the mentors, investors, incubators/accelerators and also however  even the  government bodies. However calling it as the first point of contact which is however  for the entire startup ecosystem, the hub is thus  also built on a gamification model.

2. Constant Online Support

It also  promises in order  to connect one  to the best of the best in the start-up ecosystem but it thus also comes with the quirks which is however from the technology sector. The platform will thus also have an AI chat bot that will however  be able to reply to the  queries of the entrepreneurs.

3. E-learning for Entrepreneurs

Also , Going beyond however  being just a contact point, the platform will thus also provide knowledge to the  entrepreneurs. However , From the  reports on the  trends which is from the industry or the  market research reports which are however done by the  top corporations, the virtual hub will thus  also offer templates for the  human resource management or also even pitch decks. The Startup India Hub will thus however  also become a repository of the  information for the government policies and aso  initiatives which is for the startup ecosystem.

However , one can say that over the past few years, the startup ecosystem has however  witnessed an  exponential growth within the country. With the  Prime Minister Narendra Modi’s direct involvement which is there in promoting the  startups with ‘Start-up India Stand up India’ initiative, one can however expect a positive impact on the ecosystem as well as also on  the economy. The government  thus is required in order to play a pivotal role in the  various dimensions which is thus of the startup ecosystem, and also  the main focus should however also  revolve around the 3P’s which are Promotion, Policy and Pravasi Indians (NRI)). The government should also  help in order to  provide a voice to the startups, by however  promoting them which is through  across the world which will thus  help them in order to  emerge internationally. Secondly, also creating the  startup friendly policies, which will however  nurture their growth by however  preventing some of the hurdles like red tapism etc.

This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for GST Software, GST Return Filing, GST Registration, Section 8 Company Registration, Nidhi Company Registration, IEC Registration, Fssai License, File ITR Online.