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🎈HAPPY BIRTHDAY🎈 PM MODI Ji🎈 PM modi Contribution in Indian startup ecosystem — 2014-2016: Post the 2014 elections and the initial efforts of the Modi government, the number of startups began to rise. By the launch of Startup India in 2016, the ecosystem was rapidly expanding. 2016-Present: Since the launch of Startup India, the growth of startups in India has accelerated significantly. As of 2023, India has over 90,000 recognized startups, making it the third-largest startup ecosystem in the world, following the USA and China. Unicorns: The number of unicorns (startups valued at over $1 billion) has also seen a dramatic increase. India had only a handful of unicorns before 2014, but as of now, the country boasts over 100 unicorns. 1. Startup India Initiative (2016): Launched to build a strong startup ecosystem with benefits like tax exemptions for three years, easier company registration, and self-certification for compliances. 2. Fund of Funds for Startups (FFS): Established with ₹10,000 crore to provide funding support to startups through venture capital funds, boosting financial backing for innovative businesses. 3. Startup India Seed Fund Scheme (SISFS): Provides early-stage funding through approved incubators to help startups with proof of concept, prototype development, and product trials. 4. Tax Benefits and Incentives: Startups receive tax holidays for three years, capital gains tax exemptions, and incentives for investors, encouraging growth and innovation. 5. Simplifying Regulations: Improved the ease of doing business by reducing red tape, introducing single-window clearance systems, and allowing self-certification for labor and environmental laws. 6. Support for Women and Rural Entrepreneurs: Initiatives like "Stand-Up India" and "Women Entrepreneurship Platform" provide loans and resources, encouraging diversity in entrepreneurship. 7. Promotion of Incubators and Accelerators: Set up incubators and accelerators in educational institutions to nurture early-stage startups and innovation. 8. Digital India Campaign: Improved digital infrastructure and literacy, fostering a culture of innovation and providing a platform for tech startups. 9. Atal Innovation Mission: Promoted innovation and entrepreneurship through Atal Tinkering Labs and Atal Incubation Centers, encouraging a startup culture from a young age. 10. Public Procurement Policy: Provided startups with preferential treatment in government procurement, opening up market access without stringent requirements. 11. International Collaboration: Established global partnerships and hosted the Global Entrepreneurship Summit (GES) to provide Indian startups with international exposure and opportunities.