Govt Backed Over 10K Tech Startups With INR 530 Cr Funding In Past 5 Years: MoS IT

Govt Backed Over 10K Tech Startups With INR 530 Cr Funding In Past 5 Years: MoS IT

SUMMARY

The government has disbursed a total funding of INR 580 Cr through incubators, including over 3,600 tech startups supported by MeitY with a total disbursed funding of INR 212 Cr

As of July 31, the Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1.43 Lakh startups

India boasts the third-largest startup ecosystem in the world and is home to 116 unicorns and 112 soonicorns

The government has informed the Parliament that more than 10,000 tech startups were backed by the Centre through various schemes and programmes in the last five years.

In a written reply to the Rajya Sabha, Minister of State (MoS) for Electronics and Information Technology Jitin Prasada said that the government has disbursed a total funding of INR 580 Cr through incubators, including over 3,600 tech startups supported by the Ministry of Electronics and Information Technology (MeitY) with a total disbursed funding of INR 212 Cr.

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