On: 06 AUG 2024 – The Government, with the objective of building a strong ecosystem for nurturing innovation, start-ups and encouraging investments in the startup ecosystem of the country, launched the Startup India initiative on16thJanuary2016.
As per eligibility conditions prescribed under G.S.R. notification 127 (E) dated19th February 2019, entities are recognized as ‘startups’ under the startup India initiative by the Department for Promotion of Industry and Internal Trade (DPIIT). As on 30thJune2024,DPIIT has recognized 1,40,803 entities as startups. Since the launch of Startup India initiative in 2016, the recognised startups have reportedly created over15.53lakh direct jobs.
The year-wise number of direct jobs (self-reported) created by DPIIT-recognised startups as on 30thJune2024are provided below:
| Year | Number of Direct Jobs Created by DPIITRecognised Startups |
| 2016 | 306 |
| 2017 | 51,980 |
| 2018 | 1,00,646 |
| 2019 | 1,63,463 |
| 2020 | 1,81,404 |
| 2021 | 2,10,545 |
| 2022 | 2,74,685 |
| 2023 | 3,91,943 |
| 2024* | 1,78,316 |
| Total* | 15,53,288 |
This information has been provided by the Union Minister of State for Commerce and Industry, Shri Jitin Prasada in a written reply in the Lok Sabha today.
