: 28,979 startups recognised by DPIIT as on March 1, 2020: Piyush Goyal #FinanceIndia #StockMarketNEWS 28,979 startups recognised by DPIIT as on March 1, 2020: Piyush Goyal New Delhi, Mar 13 (KNN) Around

@StockMarketNEWS Sun 15 Mar, 2020

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28,979 startups recognised by DPIIT as on March 1, 2020: Piyush Goyal #FinanceIndia #StockMarketNEWS
28,979 startups recognised by DPIIT as on March 1, 2020: Piyush Goyal New Delhi, Mar 13 (KNN) Around 28,979 startups have been recognised by the Department for promotion of industry and Internal Trade (DPIIT) as on March 1, 2020.

''As on 1st March 2020, a total number of 3,37,335 employment has been reported by 27,137 DPIIT recognised startups," Commerce and Industry Minister Piyush Goyal said in a written reply to Lok Sabha on Wednesday.

Maximum number of startup are recognised from Maharashtra (5,477) which is followed by Karnataka (4,206), Delhi (3,740), Uttar Pradesh (2,343), Haryana (1,635), Telangana (1,609), Gujarat (1,555), and Tamil Nadu (1,509). These startups are allowed to enjoy certain tax and non-tax benefits under the Startup India programme.

In another reply, the minister said that there is no provision under Startup India Initiative for sanctioning of funds to startups directly. However, it has established a Fund of Funds for Startups (FFS) with corpus of Rs. 10,000 Crore to meet their funding needs.

"As on 18th February 2020, Sidbi has committed Rs 3,123.20 crore to 47 Securities and Exchange Board of India (Sebi) registered alternative investment funds (AIFs). These funds have raised a corpus fund of Rs 25,728 crore,” Goyal added.

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