\u2192 The Government of India has undertaken several initiatives and instituted policy measures to foster a culture of innovation and entrepreneurship in the country.<\/p>\n
\u2192 India’s efforts at promoting Entrepreneurship and Innovations:-
\nThrough the Startup India initiative, Government of India promotes entrepreneurship by facilitating startups throughout their life cycle.<\/p>\n
\u2192 Make in India, Atal Innovation mission, Support to training and employment programme for women, Jan Dhan-Aadhaar-Mobile, Digital India, Stand-up India, Trade-related Entrepreneurship Assistance and development are the important schemes of Government of India.<\/p>\n
\u2192 Other Schemes: Modified Special Incentive Package Scheme, New Gen Innovation and Entrepreneurship Development Scheme, Dairy Entrepreneurship Development Scheme, Single Point Registration Scheme, Atal Incubation Centres are the other schemes of the Government.<\/p>\n
\u2192 The various steps involved to start a venture have been highlighted:
\n1. Selection of a product
\n2. Selection of ownership
\n3. Selection of site
\n4. Designing capital structure
\n5. Acquisition of manufacturing know-how
\n6. Preparation of project report<\/p>\n
\u2192 The Project Report should include the following:
\n(i) Technical feasibility
\n(ii) Economic viability
\n(iii) Financial viability
\n(iv) Managerial competency
\n(v) Provisional registration certificate
\n(vi) Permanent registration certificate
\n(vii) Statutory licence
\n(viii) Power connection
\n(v) Arrangement of finance<\/p>\n