Best Difference between Standup India and Startup India Schemes

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Standup India and Startup India Schemes – what are the differences between Standup India Scheme and Startup India Scheme – what is a startup India Scheme – What is Standup India Scheme – Startup India and Standup India nature, objectives, target group, scopes, nature of business entities

Difference between Standup India Scheme and Startup India Scheme
difference between Startup India and Standup India
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Startup India Scheme: An Overview

It is a flagship scheme of the government of India, launched on January 16, 2016. The scheme has rolled out several programs with the objective of creating a good culture for startup entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. It is intended to build a strong ecological system for nurturing innovations in startups in the country that will drive sustainable economic growth and generate large-scale employment opportunities. The action plan of this scheme has been divided diagonally into the following main three areas:

  • Simplification and handholding;
  • Funding Support Incentives and
  • Industry-Academia Partnership and Incubation

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Plans and Programs in support of Startup Business models and MSMEs under Standup India and Startup India

  1. Zero Defect Scheme
  2. Design Clinic Scheme
  3. Pradhan Mantri Mudra Yojana
  4. Credit Guarantee Trust Fund Scheme
  5. Startup India Portal Scheme
  6. Credit Linked Capital Subsidy Scheme

Difference between Standup India Scheme and Startup India Scheme

BasisStandup India SchemeStartup India Scheme
NatureIt is a loan Scheme in nature and provides loans from Rs 10 Lakh to Rs 1 crore.It is an ambitious moment to develop novel and unique products based on innovation.
ObjectiveTo motivate self-employment to the specific class of the nation.To motivate young entrepreneurs of all classes to innovative-based business activities.
Target GroupUnder this scheme, only SC and ST candidates along with General women entrepreneurs are being motivated for self-employment.Under this scheme, all categories of entrepreneurs are motivated with high-level technological capabilities according to the changing preferences and expectations of consumers.
ScopeComparatively the scope of this scheme is limited and narrow.This scheme has a wide scope and the standup India scheme is treated as a main part of the same.
Nature of
Business
Entities
Under this scheme, the loan is being provided for only green field projects to eligible applicants.Under this scheme, unlimited financial assistance is being provided to the industries affiliated with new ideas that have the potential for long-term development.
Difference between Standup India Scheme and Startup India Scheme
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