New Delhi, Aug 12 (PTI) The government has recognised more than 1.8 lakh firms as startups as on June 30, 2025, Parliament was informed on Tuesday.
The recognised startups are eligible for a number of fiscal
incentives, including income tax benefit announced under Startup India action plan.
"Since the launch of the Startup India initiative, number of entities recognised as startups by Department for Promotion of Industry and Internal Trade (DPIIT) has increased from around 500 in 2016 to 1,80,683 as on 30th June 2025," Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha.
Under Startup India initiative, the government is implementing flagship schemes, Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS) to provide funding opportunities and support startups at various stages of their business cycle.
He added that Alternative Investment Funds (AIFs) supported under the FFS have invested Rs 23,679 crore in 1,282 startups as on June 30 this year.
Prasada also said SISFS provides financial assistance to seed stage startups through incubators.
The incubators supported under the scheme have selected 2,942 startups for a total approved funding of Rs 522.42 crore as on June 30.
Further under the CGSS, as on June 30, 289 loans amounting to Rs 667.85 crore have been guaranteed for startup borrowers.
In a separate reply, the minister said GI (geographical indication) tag applications for 659 products are pending before the office of geographical indications registry.
Till August 1 this year, GI tag has been granted to 697 products. Of this, 658 products are from India and 39 are from foreign countries. PTI RR TRB
