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Mahesh

02/07/22 05:49 AM IST

Start-up Ranking 2021

In News 
  • The results of the 3rd edition of Ranking of States’ on Support to Start-up Ecosystems will be released by Shri Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles on 4th July, 2022.
Start-up Ranking 
  • Start-up Ranking Exercise with the key objective to promote India’s vision of competitive and cooperative federalism.
  • The exercise was launched in 2018 to encourage states and union territories to work towards easing regulations for the growth of start-ups and strengthening the support to the start-up ecosystem.
  • As India becomes one of the leading start-up nation globally, the growth of the entrepreneurship in Tier-II and Tier – III cities in the country has become necessary.
  • There were 4 states/UTs with start-up policies in 2016.
  • Today, there are over 30 states/UTs who have start-up policies, and 27 states/UTs have their own state start-up portal.
Criteria for Ranking 
  • This edition had 7 broad Reform Areas consisting of 26 action points which are essential in providing regulatory, policy and economic support to startups and stakeholders of the ecosystem.
  • The reform areas included Institutional Support, Fostering Innovation and Entrepreneurship, Access to Market, Incubation support, Funding Support, Mentorship Support and Capacity Building of Enablers.
  • New portal for Mentorship, Advisory, Assistance, Resilience, and Growth (MAARG) will also be launched. 
Source- PIB 

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