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14/04/22 07:55 AM IST

EY Entrepreneur of the Year Award 2021

In News 
  • Union Minister for Environment and Labour & Employment Shri Bhupender Yadav presented the EY Entrepreneur of the Year Award 2021 to Falguni Nayar, the founder of Nykaa, who built a Unicorn start-up by disrupting a brick-and-mortar industry by taking the digital route to sell beauty products.
Start-up Unicorns 
  • India is home to 94 Unicorns with a total valuation of approximately US $ 320 bn.
  • Government has announced Rs 6,000 crore RAMP (Raising and Accelerating MSME Performance) Programme to scale up the businesses of MSMEs.
About Award 
  • The EY Entrepreneur Awards were launched in India in 1999 with the objective of celebrating the entrepreneurial spirit and sharing the inspiring stories of successful Indian entrepreneurs.
Measures taken by the Govt.
  • Government of India has been proactively supporting innovation and entrepreneurship development in the country with a variety of schemes like Start-up India, Atal Innovation Mission, eBiz Portal, NewGen Innovation and Entrepreneurship Development Centre among others.
  • Department of Promotion of Industry and Internal Trade (DPIIT) has recognized more than 60 thousand start-ups representing 55 industries, spread across 633 districts that have created over 6 lakh jobs since 2016.
Source-PIB 

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