How The Startup India Standup Scheme Is Promoting Rural Entrepreneurship

Team Storytap 2017-11-13



The Startup India scheme by the Government is getting a rural avatar too. It is the soon-to-be launched Deen Dayal Upadhyay Swaniyojan Yojna. Here is what you should know about it.

The rural development ministry is designing it. It will also be backed by self-help groups, MUDRA bank loans and innovative credit linkages. For mapping entrepreneurship opportunities, the government is also planning to hold talks and discussions with those in the startup space and also many private entities. The action plan under it is still being finalized just like the way the Government has made certain action plans for the Startup India Standup India initiative. Together with the incentives, this scheme aimed at the rural sector will for sure help those looking for self employment options.

How The Startup India Standup Scheme Is Promoting Rural Entrepreneurship

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A senior Government official said, “The scheme will provide the basic skill sets required for self employment in various fields and thereafter we would provide credit linkages, incubation centres wherever needed. The rural unemployed need not leave their land in search of wage employment if they have entrepreneurial opportunities.”

How The Startup India Standup Scheme Is Promoting Rural Entrepreneurship

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The MUDRA (Micro Units Development and Refinance Agency) bank supervises the funding for small and micro enterprises. The existing National Rural Livelihood Mission of the ministry of rural development will be funding the Swaniyojan Yojna.

How The Startup India Standup Scheme Is Promoting Rural Entrepreneurship

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Horticulture, driving, agriculture, grafting, plumbing, dairy farming are some of the many other skill sets that will be provided. Many other departments such as food processing, textiles and animal husbandry are being approached by the Government for helping the rural people collaborate and setup businesses across several sectors. Many activities’ training will be provided as a part of the programme.

Thus, this rural India version of the Government’s Startup India initiative looks quite promising. Let’s hope it leads to rural development in a fruitful way.


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