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GOVERNMENT SCHEMES FOR
ENTREPRENEURS
Unnati P. Thakkar 1
• Initiatives for Start-up India, Stand up India and Skill India
• Government of Gujarat schemes for Start-up, Start-up, Stand-up India
• Ease of Doing Business (EoDB)
Overview, Ranking, Determinants of EoDB
Unnati P. Thakkar 2
GOVERNMENTAL SCHEMES
•The Government of India has undertaken several initiatives
and instituted policy measures to foster a culture of innovation
and entrepreneurship in the country.
•With a significant and unique demographic advantage, India,
however, has immense potential to innovate, raise
entrepreneurs and create jobs for the benefit of the nation and
the world.
Unnati P. Thakkar 3
START-UP INDIA:
Through the Startup India initiative, Government of India promotes
entrepreneurship by mentoring, nurturing and facilitating startups
throughout their life cycle.
With a 360 degree approach to enable startups, the initiative
provides a comprehensive four-week free online learning program.
More importantly, a ‘Fund of Funds’ has been created
• to help startups gain access to funding.
Unnati P. Thakkar 4
MAKE IN INDIA:
The make in India initiative was launched in September 2014. It came as a
powerful call to India's citizens and business leaders, and an invitation to
potential partners and investors around the world to overhaul outdated
processes and policies, and centralize information about opportunities in
India's manufacturing sector.
This has in turn helped procure investments, foster innovation, develop
skills, protect intellectual property and build best-in-class manufacturing
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ATAL INNOVATION MISSION (AIM):
AIM is the Government of India’s endeavor to promote
a culture of innovation and entrepreneurship, in
technology driven areas.
In order to foster curiosity, creativity and imagination
right at the school, Atal Incubation Centres (AICs) are
another programme of AIM created to build innovative
start-up businesses as scalable and sustainable
enterprises.
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SUPPORT TO TRAINING AND EMPLOYMENT
PROGRAMME FOR WOMEN (STEP):
•STEP was launched by the Government of India’s Ministry
of Women and Child Development to train women with no
access to formal skill training facilities, especially in rural
India.
•The Ministry of Skill Development & Entrepreneurship and
NITI Aayog recently redrafted the Guidelines to reaches
out to all Indian women above 16 years of age To impart
skills in several sectors such as agriculture, horticulture,
food processing, handlooms, traditional crafts like
embroidery, travel and tourism, hospitality, computer and
IT services
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JAN DHAN- AADHAAR- MOBILE):
JAM, for the first time, is a technological intervention that
enables direct transfer of subsidies to intended beneficiaries
and, therefore, eliminates all intermediaries and leakages in
the system, which has a potential impact on the lives of
millions of Indian citizens.
Besides serving as a vital check on corruption, JAM provides
for accounts to all underserved regions, in order to make
banking services
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BIOTECHNOLOGY INDUSTRY RESEARCH
ASSISTANCE COUNCIL (BIRAC):
• BIRAC is a not-for-profit Public-Sector Enterprise, set up by
Department of Biotechnology to strengthen and empower
emerging biotechnology enterprises. It aims to embed strategic
research and innovation in all biotech enterprises, and bridge
the existing gaps between industry and academia.
• BIRAC has initiated partnerships with several national and
global partners for building capacities of the Indian biotech
industry, particularly start-ups and SME’s, and has facilitated
several rapid developments in medical
Unnati P. Thakkar 9
STAND-UP INDIA:
Launched in 2015, Stand-Up India seeks to
leverage institutional credit for the benefit of
India’s underprivileged. It aims to enable
of, and share the
economic participation
benefits of India’s growth, among women
entrepreneurs, Scheduled Castes and Scheduled
Tribes.
Unnati P. Thakkar 10
STAND-UP INDIA:
•Towards this end, at least one women and one individual from
the SC or ST communities are granted loans between Rs.1
million to Rs.10 million to set up greenfield enterprises in
manufacturing, services or the trading sector.
•The Stand-Up India portal also acts as a digital platform for
small entrepreneurs and provides information on financing and
credit guarantee.
Unnati P. Thakkar 11
TRADE RELATED ENTREPRENEURSHIP
ASSISTANCE AND DEVELOPMENT (TREAD):
• To address the critical issues of access to credit among India’s
underprivileged women, the TREAD programme enables credit
availability to interested women through non-governmental
organizations (NGOs).
• As such, women can receive support of registered NGOs in both
accessing loan facilities, and receiving counselling and training
opportunities to kick-start proposed enterprises, in order to provide
pathways for women to take up non-farm activities
Unnati P. Thakkar 12
PRADHAN MANTRI KAUSHAL VIKAS YOJANA
(PMKVY):
• A flagship initiative of the Ministry of Skill
Development & Entrepreneurship (MSDE), this is a Skill
Certification initiative that aims to train youth in industry-
relevant skills to enhance opportunities for livelihood
creation and employability (Training and Assessment fees
are entirely borne by the Government under this program)
Unnati P. Thakkar 13
NATIONAL SKILL DEVELOPMENT MISSION:
• Launched in July 2015, the mission aims to build synergies across
sectors and States in skilled industries and initiatives. With a vision to
build a ‘Skilled India’ it is designed to expedite decision- making
across sectors to provide skills at scale, without compromising on q
uality or speed.
Unnati P. Thakkar 14
NATIONAL SKILL DEVELOPMENT MISSION:
•The seven sub-missions proposed across
India are:
(i)Institutional Training
(ii)Infrastructure
(iii)Convergence
(iv)Trainers
(v)Overseas Employment
(vi)Sustainable Livelihoods
(vii)Leveraging Public Infrastructure
Unnati P. Thakkar 15
• Initiatives for Start-up India, Stand up India and Skill India
• Government of Gujarat schemes for Start-up, Start-up, Stand-up India
• Ease of Doing Business (EoDB)
Overview, Ranking, Determinants of EoDB
Unnati P. Thakkar 16
Startup India
These new startups are killing it with their modern solutions to our urban problems, making them the best startups
in India to consider for startup funding.
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The Stone Soup
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INTRODUCTION
• Startup india is a revolution scheme that has been started to help the people,who start
their own business.
• These people have ideas and capability so govt will give them support to make sure
they can implement their idea & grow.
• The campaign was first announced by Prime Minister Modi in his 15 August 2015
address from the Red Fort.
• Success of this scheme will eventually make india, a better economy and a strong nation.
Unnati P. Thakkar 19
• Start-up India in an action plan to develop an ecosystem to promote
and nurture entrepreneurship across the country.
• Start-ups and entrepreneurship are critical to India’s efforts to restart
private investment into the economy.
• The Government of India to build a strong eco-system for nurturing
innovation and empowering Start-ups in the country.
Unnati P. Thakkar 20
Meaning of startupindia
• Meaning of startup india “from job seekerto job creator”
• Theeconomy of acountry dependson countrymen.
• Largeno. of employee &woring people better bethe economy.
• The india govt. realized that india people have the potential to work hardly ,all
they needis promisingstartup.
Unnati P. Thakkar 21
• So indian govt. in the leadership of Narendra Modi has
decided to offer a gift as a wise programme “startup india”
Unnati P. Thakkar 22
• In 2014, India saw a sudden startup wave shaking the nation with its
million-dollar ideas and innovative solutions to modern problems, and it
hasn’t stopped ever since.
• Later in 2016, the government of India launched the Startup India Scheme.
• To promote the new startups of the nation by providing startup funding
support, guidance, and industry-academia partnership
& incubation opportunities.
Unnati P. Thakkar 23
What is Startup India?
• Startup India is essentially an initiative taken by the Indian
government that aims at promoting and encouraging the
entrepreneurial spirit amongst its citizens.
• The overall idea involved in launching the Startup India initiative was
to generate employment amongst the unemployed via startups while
simultaneously working towards building self-employment for sole
proprietors.
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Here are the steps involved in Startup India
registration:
• Ensure your company is registered as a Private Limited Company, Partnership
firm, or a Limited Liability Partnership.
• Register on the Startup India website here
• Upload documents in PDF- LOR, Certificate of Incorporation & Business
Description
• Avail tax benefits
• Self certify that you fulfill the given conditions
• Get recognition number, and that’s it!
Unnati P. Thakkar 25
The types of loans provided under the Pradhan
Mantri Mudra Yojana are:
• Shishu: A loan of up to Rs 50,000 is provided to startups in their initial stage.
• Kishore: A loan of Rs 50,000 to Rs 5 lakh is provided to startups aiming to expand.
• Tarun: A startup India loan of Rs 5 lakh to Rs 10 lakh is granted to startups in their
growth stage.
• Note: As per records, a total of Rs 6.04 lakh crore has been disbursed since the
inception of the Pradhan Mantri Mudra Yojana.
Unnati P. Thakkar 26
Startup Jobs Generated
• As mentioned earlier, Over 1,48,897 startup jobs have been generated
since the inception of Startup India.
• Not only have startup jobs helped in generating employment in a rising
state of unemployment in the country, but it has also provided more
significant opportunities at a smaller scale.
• Note: Launching in February 2020, Hiredd.com will be providing some
great startup jobs in India.
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How Startup India Scheme has Helped
Startups
• Startup India Scheme has helped multiple startups with its financial and
other support.
• The government provides Income Tax Exemption to startups for the first
three years of profits made by the company.
• Capital Gains Tax exemption
• Up to 80% rebate on patent costs
• Simplified registration process
Unnati P. Thakkar 28
Start Up India Scheme: Benefits in 2020
The Start Up India Scheme assists the
entrepreneurs of India by providing start up
business loan and tax benefits. It serves as
pillars of support of motivating young
entrepreneurs to proceed on their journey
of startup success.
Note: The GOI has allotted a fund of Rs
2,500 crores for the generation of
innovative startups along with a credit
guarantee fund of Rs 500 crores.
Unnati P. Thakkar 29
Start Up India Scheme – Eligibility
• The startup must be registered or incorporated in India for less than 7 years. For biotech
startups, less than ten years.
• Annual turnover must be less than Rs 25 crores
• The main objective to work towards innovation, development, deployment, or
commercialization of new products or services that are driven by technology or
intellectual property
• Must be a new corporation and not a result of splitting up or reconstruction of business
• Must have the Inter-Ministerial Board certification
• Must be an incorporated as a private limited company, a registered partnership
company or a limited liability partnership
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Start Up India Scheme- Benefits
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Financial Benefits
• The Start Up India Scheme provides its applicants and registrars with
financial benefits for their organization. The government offers a
refund of 80% for the high patent costs bore by the startups. It also
assists in facilitating the patent registration process faster for
startups.
• –> 80% refund on high patent costs
Unnati P. Thakkar 32
Income Tax Benefits
• Startups can acquire income tax benefits under the Start Up India Scheme
that provides the registered startups an income tax exemption from the
government for 3 years.
• Moreover, the companies who have invested in specified funds can also
avail exemption from capital gains in income Tax.
• However, startups can avail of this benefit only if:
• Obtained a certificate from the Inter-Ministerial Board
• –> Income Tax exemption for 3 years
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3. Registration Benefits
• Start Up India Scheme serves as the guiding light that helps startups
throughout their registration process. The scheme allows you to facilitate
your process of registration through its simple & quick application process.
• Further registration benefits provided by Start Up India Scheme are:
• Single meetings at Startup India Hub elaborates upon critical steps of
incorporating and registering your business.
• It provides a single doubt and problem-solving window for its participants.
• –> Simplified registration process
Unnati P. Thakkar 34
4. Government Tenders
• Acquiring government tender usually requires a lot of effort, making it
a tedious task to gain access to them, especially being a fresher.
Corporates and businesses often have their eyes laid on government
tenders because of its attributes like high payments & large projects.
• Start Up India Scheme allows startups to gain priority on acquiring
government tenders, despite having little or zero experience.
• –> Priority for government tenders
Unnati P. Thakkar 35
5. Huge Networking Opportunities
• Two startup fests are organized by Startup India annually to help promote
the entrepreneurial spirit amongst the registered startups, helping them
gain a broader exposure to the market.
• It also provides access to many Intellectual Property awareness workshops.
Startups gain opportunities to network with potential startup stakeholders
and other great businesses in the startup community.
• –> Opportunity to network with potential startup stakeholders
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Action plan of startup india
1. Self certification:
• The start-ups will adopt self-certification to reduce the regulatory liabilities.
The self- certification will apply to laws including payment of gratuity, labour
contract.
2. Start-up India hub
• An all-India hub will be created as a single contact point for start-up
foundations in India, which will help the entrepreneurs to exchange knowledge .
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3. Register through app
An online portal, in the shape of a mobile application, will be launched to help start-up
founders to easily register. The app is scheduled to be launched on April 1, 2016.
4. Rs 10,000 crore fund
The government will develop a fund with an initial corpus (Collection) of Rs 2,500
crore and a total corpus of Rs 10,000 crore over four years, to support upcoming start-up
enterprises.
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5. No Income Tax for three years
Start-ups would not pay Income Tax for three years. This policy would
revolutionise the pace with which start-ups would grow in the future
6. Building entrepreneurs
Innovation-related study plans for students in over 5 lakh schools. Besides,
there will also be an annual incubator grand challenge to develop world class
incubators.
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7. Atal Innovation Mission
The Atal Innovation Mission will be launched to boost innovation and
encourage talented youths.
8.Entrepreneurship in biotechnology
The government will further establish five new biotech clusters, 50 new
bio incubators, 150 technology transfer offices and 20 bio-connect offices
in the country.
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9. Rebate
A rebate amount of 80 percent of the total value will be provided to the
entrepreneurs on filing patent applications.
10. Faster exit
If a start-up fails, the government will also assist the entrepreneurs to find
suitable solutions for their problems. If they fail again, the government will
provide an easy way out.
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11.Credit Guarantee Fund for Start-ups
• To catalyse entrepreneurship by providing credit to innovators across all
sections of society.
12.Tax Exemption on Capital Gains
• To promote investments into Start-ups by mobilizing the capital gains arising
from sale of capital asset.
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13. Research Parks
• 7 new research parks are proposed to be set up with an initial investment
of Rs.100 crore each.
14. Start-up fests
• Introduction of Start-up fests to bolster the Start-ups ecosystem and
provide a platform to showcase ideas and work with a larger audience.
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15. Innovation centres
• These 31 centres will include 13 Start-up centres and 18 technology
business incubators to be set up/ scaled up at IIMs/ NITs/ IITs.
16. Patent protection
• The government is also working on a legal support for fast-tracking
patent examination at lower costs.
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Types of Startup Funding
• There are five ways in which a new startup can gather startup funding
for the functioning of its company. You can provide startup funding
via:
• Series funding
• Crowdfunding
• Loans
• Venture Capital
• Angel Investors
Video
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Problems faced byStartups
• Planning
• Execution
• Customer acquisition & retention
• Fundraising
• Human Resources
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Growth in RecentYears.
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MajorAreas
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Startup Principles to Remember:
• Focus on growth to thrive the progress
• Provide solutions to an existing problem
• Strive to fill the market gap
• Challenge the traditional methods
• All individuals must work towards a common goal
Unnati P. Thakkar 50
Freshest Startup Ideas:
Top startups in India 2021 | List of Top 102 Startups in India
1 new message (startuphrtoolkit.com)
Unnati P. Thakkar 51
Benevo Industry: Education Management
City: Dehradun, Uttarakhand
Business
Soumya Baniwal believes that learning is 3D- connecting
our heart, head, and hand. She's changing lives with her
startup Benevo, an organization for Essential Life Skills &
General Awareness training founded by her, and has
worked with nutritionists, ex-bankers, doctors, social
workers, and many more.
Unnati P. Thakkar 52
Review Your Employee
Industry: Human Resources
City: Mohali, Punjab
Business
RYE- Review Your Employee, claims to be a one-
stop platform for integrated HR solutions. It
provides hassle-free and paperless
documentation for employee records.
HR tool for companies to complete tasks like
documentation, tracking down important
events, ex-employee feedback verification, data
management of employee, etc.
Unnati P. Thakkar 53
El Diablo Sauces
Industry: Food & Beverage
City: Gurugram, Haryana
In 2017, Tanya and her husband came up with the idea of fresh
and unique sauce and hence, with her previous experience in
sales and marketing, started El Diablo Sauces. Their unique
blend is chemical-free & preservative-free with no added sugar
and can be used as dips or marinades. The firm began with 3-4
flavors and now has 11 flavors ranging from sweet to super
spicy. El Diablo has a pan India presence via online
marketplaces.
Unnati P. Thakkar 54
NgoJob
Industry: Social & HR
City: N/A
Vishnu Sharma, hailing from a small district of Madhya
Pradesh, started an independent platform, ngoJob.org, that
facilitates recruiters to hire the best talents and jobseekers to
get the best jobs in the development or social sectors in India.
Vishnu’s platform is a resource portal for social sector
enterprises, CSR Foundations, social ventures, NGOs,
companies, and research organizations to reach out to job
seekers and professionals for Jobs, Fellowships, Research,
RFPs, and Tenders.
Unnati P. Thakkar 55
Now&Me
Industry: Mental Health Care
City: New Delhi
Drishti and Bani’s startup Now&Me is a safe online
platform that assists people by allowing them to share
their feelings & vent (Opening), anonymously, while
getting constant community support & a helping hand.
The platform stands firm as a symbol of self-expression
& an archive of thoughts that motivates people to open
up. The October 2018 launched platform has over 4,000
personal & heartfelt experiences that have been shared
on their platform.
Unnati P. Thakkar 56
Ahista Tea Industry: Food & Beverages
City: Ahmedabad, Gujarat
Ashmit Patel’s luxury tea startup Ahista Tea is the first
homegrown Indian brand that has partnered with a Michelin
star restaurant as well as the first to share their tea collection at
Tamarind of Mayfair in London. The luxury tea brand
specializes in single-batch progressive teas, culturally-inspired
blends, & contemporary ceramics. Ahista gathers a selection of
bespoke blends and experimental teas each year from India and
regions that are historically influenced by Indian culture.
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Loan details
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Title of the Scheme
Stand-Up India Scheme for financing SC/ST and/or Women Entrepreneurs.
Objective
The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh
and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at
least one woman borrower per bank branch for setting up a greenfield enterprise. This
enterprise may be in manufacturing, services or the trading sector. In case of non-individual
enterprises at least 51% of the shareholding and controlling stake should be held by either
an SC/ST or Woman entrepreneur.
Unnati P. Thakkar 62
Eligibility
1.SC/ST and/or woman entrepreneurs, above 18 years of age.
2.Loans under the scheme is available for only green field project. Green field signifies, in this context, the first
time venture of the beneficiary in the manufacturing or services or trading sector.
3.In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either
SC/ST and/or Women Entrepreneur.
4.Borrower should not be in default to any bank/financial institution.
Nature of Loan
Composite loan (inclusive of term loan and working capital) between 10 lakh and upto 100 lakh.
Purpose of Loan
For setting up a new enterprise in manufacturing, trading or services sector by SC/ST and Women Entrepreneur.
Unnati P. Thakkar 63
Size of Loan
Composite loan of 75% of the project cost inclusive of term loan and working capital. The
stipulation of the loan being expected to cover 75% of the project cost would not apply if the
borrower’s contribution along with convergence support from any other schemes exceeds
25% of the project cost.
Interest Rate
The rate of interest would be lowest applicable rate of the bank for that category (rating
category) not to exceed (base rate (MCLR) + 3%+ tenor premium).
Security
Besides primary security, the loan may be secured by collateral security or guarantee of
Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL) as decided by the
banks. Unnati P. Thakkar 64
Repayment
The loan is repayable in 7 years with a maximum moratorium (Delay) period of 18 months.
Working Capital
For drawal of Working capital upto 10 lakh, the same may be sanctioned by way of overdraft.
Rupay debit card to be issued for convenience of the borrower.
Working capital limit above 10 lakh to be sanctioned by way of Cash Credit limit.
Margin Money
The Scheme envisages 25% margin money which can be provided in convergence with eligible
Central / State schemes. While such schemes can be drawn upon for availing admissible
subsidies or for meeting margin money requirements, in all cases, the borrower shall be
required to bring in minimum of 10% of the project cost as own contribution.
Unnati P. Thakkar 65
How to apply for loans
The scheme, which covers all branches of Scheduled Commercial Banks, will be
accessed in three potential ways.
Directly at the branch or
Through Stand-Up India portal (www.standupmitra.in) or
Through the Lead District Manager ((LDM)
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Checklist - Stand- Up India loan
Application
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• Proof of Identity : Voter’s ID Card / Passport / Driving License / PAN Card / Signature
identification from present bankers of proprietor, partner of director ( if a company)
• Proof of residence: Recent telephone bills, electricity bill, property tax receipt
/Passport / voter’s ID Card of Proprietor, partner of Director (if a company)
• Proof of business Address
• Applicant should not be defaulter in any Bank/F.I.
• Memorandum and articles of association of the Company / Partnership Deed of
partners etc.
• Assets and liabilities statement of promoters and guarantors along with latest
income tax returns.
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• Rent Agreement (if business premises on rent) and clearance from pollution control board if
applicable.
• SSI / MSME registration if applicable.
• Projected balance sheets for the next two years in case of working capital limits and for the period
of the loan in case of term loan
• Photocopies of lease deeds/ title deeds of all the properties being offered as primary and
collateral securities.
• Documents to establish whether the applicant belongs to SC/ST Category, wherever applicable.
• Certificate of incorporation from ROC (Registrar of Companies) to establish whether majority
stake holding in the company is in the hands of a person who belongs to SC/ST/Woman category.
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Cases With Exposure above ₹ 25
Lakhs
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• Profile of the unit (includes names of promoters, other directors in the company, the
activity being undertaken addresses of all offices and plants, shareholding pattern etc.
• Last three years balance sheets of the Associate / Group Companies (if any).
• Project report (for the proposed project if term funding is required) containing details of
the machinery to be acquired, from whom to be acquired, price, names of suppliers,
financial details like capacity of machines, capacity of utilization assumed, production,
sales, projected profit and loss and balance sheets for the tenor of the loan, the details of
labour, staff to be hired, basis of assumption of such financial details etc.
• Manufacturing process if applicable, major profile of executives in the company, any tie-
ups, details about raw material used and their suppliers, details about the buyers, details
about major-competitors and the company’s strength and weaknesses as compared to
their competitors etc.
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SKILL INDIA
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“I call upon the nation to take a pledge to
make India the skill Capital of the World” -
P.M. Narendra Modi
Unnati P. Thakkar 74
Why Skill Development ?
Demographic dividend
Male
Female
59
54
Population MN, 2011
63
61
57
58
54
51
50
45
44
43
42
38
35
32
30
26
23
19
20
19
19
Age Group
60-64
55-59
50-54
45-49
40-44
35-39
30-34
25-29
20-24
64 15-19
69 10-14
66 5-9
0-4
Unnati P. Thakkar 75
Overview
• By 2020, with an average age of 29, India will have a surplus of active population (15-
45 years) of about 47 millionpeople
• By 2030, India is expectedto have the largest labour force in the world
53.30%
70.60%
70.90%
68% 67.10%
60% 59%
61%
51%
India United States China Japan
Percentage share of WorkingPopulation
75.10%
United Kingdom
2012 2020
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• 6.5 LAKH PEOPLE GO OUT OF INDIA EVERYYEAR.
• 50.8 % JOB SEEKERS ARE 10TH PASSED, 27.2% ARE GRADUATES & REST AREABOVE
• BY 2020 INDIA WILL HAVE A SURPLUS OF 56 MILLION PEOPLE (HALF OF INDIA'S POPULATION)
• BY 2020 THE WORLD WILL HAVE SHORTAGE OF 47 MILLION
WORKING PEOPLE
• CURRENT CAPACITY OF THE SKILL DEVELOPMENT PROGRAMS IN INDIA IS 3.1 MILLION
INDIA: THE FUTURE PROVIDER OF SKILLED MANPOWER TO
THE WORLD
Unnati P. Thakkar 78
Projected employment– 2025
135.9
323.6
Employment base in 2015 (million)
Selected sectors Other sectors
204.7
355.8
Projected employment by 2025 (million)
Selected sectors Other sectors
Following selected sectors are expected to create around 67 per cent of additional
jobs during the next decade
• Auto and auto components
• Food processing
• Retail
• Handlooms and handicrafts
• Tourism, hospitality andtravel
• Building, construction and realestate
• Textile and clothing
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Skill India Programme – What it is?
1)Launched in July 2015. An initiative of Govt. of India to empower the youth of the
country with skill sets which make them more employable and more productive
2)For the first time since independence, a Ministry for Skill Development &
Entrepreneurship (MSDE) has been formed to focus on enhancing employability of the
youth through skill development
3)Skill India has the responsibility for ensuring implementation of Common norms
across all skill development programs in the country so that they are all standardized
and aligned to common objective
4)Skill India offers courses across 40 sectors in the country which are aligned to the
standards recognised by both, the industry and the government under the National Skill
Qualification Framework
5) Programme tag ‘Kaushal Bharat, Kushal Bharat’ means skilled India, Capable India
8
0
Unnati P. Thakkar
Skill India Programme – Need?
1)Population set to rise to 1.3 billion by 2020, out of which 62% are in the working
age of (15-59 years)
2)About 12 million persons are expected to join the workforce every year. This trend is
expected to continue until 2040
3) Out of 4 lakhs trained (approx.) annually, only 35% of them get placed into market
4) Only 10% of the total workforce in the country receives some kind of skills
training
5)Further, 80% of the entrants into the workforce do not have the opportunity for skill
training. Out of 23 million jobs created between 2005 and 2012, only one-third women
got jobs
6) Aggravated by the fact that skill training efforts cut across multiple sectors and
require the involvement of diverse stakeholders
8
1
Unnati P. Thakkar
Skill India Programme - Objectives
1) Create opportunities, space and scope for the development of
the talents of the Indian youth
2) Develop more sectors for skill development
3) Providing training and skill development to 500 million youth by
2022, covering each and every village
8
2
Unnati P. Thakkar
Skill India Programme - Features
1) Emphasis is to skill the youths in such a way so that they get employment
2)Provides training, support and guidance for all occupations that were of traditional
type like carpenters, cobblers, welders, blacksmiths, masons, nurses, tailors,
weavers etc.
3)The training programmes would be on the lines of international level so that the youths
of our country can not only meet the domestic demands but also of other
countries like the US, Japan, China, Germany, Russia and those in the
4) Standardise and certify the training process
5)Tailor-made, need-based programmes like language and
communication skills, life and positive thinking skills, personality development skills,
management skills, behavioural skills, including job and employability skills
8
3
Unnati P. Thakkar
Skill India Programme - Uniqueness
1) New ministry hence new approach for skill development
2) Youth who are jobless, college and school dropouts, along
with the educated ones, from rural and urban areas, all
will be given value addition skills
3) The new ministry will be the certifying agency. Certificates will be
issued to those who complete a particular skill or
programme and this certificate has to be recognized by all public and
private agencies and entities, including overseas organisations
8
4
Unnati P. Thakkar
Skill India Programme - Advantages
1) Improved productivity and give direction through proper skill development
2)Development of skills, at an young age, right at the school level, is
very essential to channelize them for proper job opportunities
3)Every job aspirant would be given training in soft skills to lead a proper and decent
life
4) Skill development would reach the rural and remote areas also
5) Corporate educational institutions, non-government organizations, Government,
academic institutions, and society would help in the development of skills of the youths
so that better results are achieved in the shortest time possible
8
5
Unnati P. Thakkar
SKILL- Ability to do something that comes from training, experience and practice etc.
YOUTH – Person between adolescence (Youth) and maturity.
JOB – The work that person does regularly in order to earn money.
LOGO – Skill India logo suggest that both Skill and General Education are at parity and
aspirational for India’s youth.
KAUSHAL BHARAT, KUSHAL BHARAT – Happy, Healthy, Prosperous and strong nation through skilling India.
Unnati P. Thakkar 86
Introduction
 Skill India is an initiative of the Government of India It was launched by Prime Minister Narendra Modi on
15th July 2015 with an aim to train over 40 crore people in India in different skills by 2022.
 The initiatives include National Skill Development Mission, National Policy for Skill Development and
Entrepreneurship 2015, Pradhan Mantri Kaushal Vikas Yojana (PMKVY) scheme and the Skill Loan
scheme.
 Skill India won’t be just a programme but a movement. Here, youth who are jobless, college and schools
dropouts, along with the educated ones, from rural and urban areas, all will be given value addition.
Unnati P. Thakkar 87
Vision - NSDC was set up as part of a national skill development mission to fulfill the growing need in India for
skilled manpower across sectors and narrow the existing gap between the demand and supply of
skills. There is a compelling need to launch a world- class skill development program in a mission
mode that will address the challenge of imparting the skills required by a growing economy.
Mission - Upgrade skills to international standards through significant industry involvement
and develop necessary frameworks for standards, curriculum and quality assurance. Play
the role of a "market-maker" by bringing financing, particularly in sectors where market mechanisms are
ineffective or missing.
Vision & Mission
Unnati P. Thakkar 88
Features
The emphasis is to skill the youths in such a way so that they get employment and also
improve entrepreneurship.
 Provides training, support and guidance for all occupations .
 The training programmes would be on the lines of international level so that the youth of
our country can not only meet the domestic demands but also of other countries like the
US, Japan, China, Germany, Russia and those in the West Asia.
 Another remarkable feature of the Skill India programme would be to create a hallmark
called ‘Rural India Skill’, so as to standardise and certify the training process.
Unnati P. Thakkar 89
Unnati P. Thakkar 90
Unnati P. Thakkar 91
Pradhan Mantri Kaushal Vikas Yojanais a unique initiative by the Government of India
that aims to offer 24 lakh Indian youth meaningful, industry relevant, skill based
training.
Under this scheme, the trainees will be offered a financial reward and a government
certification on successful completion of training and assessment, which will help them
in securing a job for a better future.
Unnati P. Thakkar 92
SSCs
(Sector Skill Councils)
Unnati P. Thakkar 93
Unnati P. Thakkar 94
Process
STEP
2
STEP
3
STEP
4
STEP
5
 Find PMKVY affiliated training center offering a skill development course of your choice
 Use this website, helpline no. or participation in a kaushal vikas shivir conducted in your constituency.
 The public is warned to be cautious of unauthorised non-affiliated training centrers, in case of any violation of
the scheme, please lodge a complaint online through the grievance redessal portel.
STEP
1
Find a Trainig Centre
Unnati P. Thakkar 95
 Enroll in a course of your choice and one you are eligible for.
 Trainee are required to pay the training and assessment fees.
 At the time of enrolment, you will be required to provide your Adhaar card and bank account details.
Process
STEP
1
STEP
3
STEP
4
STEP
5
STEP
2
Learn a Skill
Unnati P. Thakkar 96
 The training you will receive at a PMKVY affiliated training centre is aligned to the Nation Occupational
Standards (NOS) and Qualification Packs (QPs) that have been formulated by Sector Skill Councils (SSCc)
for each job role.
Process
STEP
1
STEP
2
STEP
4
STEP
5
STEP
3
Get Enrolled
Unnati P. Thakkar 97
 Towards the end of your course, you will be assessed by an SSC (Supervisor Skill Counselling) approved
assessment agency.
 If you pass the assessment and have a valid Adhaar card, you will receive a government certification and skill
card.
 Trainees can undergo the assessment any number of times, but they are required to pay
the assessment fee again.
Process
STEP
1
STEP
2
STEP
3
STEP
5
STEP
4
Be Assessed and
Certified
Unnati P. Thakkar 98
 You will receive a monetary reward for being certified.
 The reward will be disbursed directly to your bank account.
 A trainee is eligible to receive the monetary reward only if
 he/she has a valid bank account and has been certified.
 he/she has not availed of the monetary award before.
 The monetary reward varies sector wise and as per the job role level
Process
STEP STEP STEP STEP STEP
1 2 3 4 5
Gain a
Reward
Unnati P. Thakkar 99
Sectors of Skill Development
• AGRICULTURE
• APPAREL MADE UPS & HOME
FURNISHING
• AUTOMOBILE / AUTO COMPONENTS
• BANKING, FINANCIAL SECTOR AND
INSURANCE
• BEAUTY & WELLNESS
• CAPITAL GOODS
• CONSTRUCTION
• ELECTRONICS & HARDWARE
• FOOD INDUSTRY
• GEMS AND JEWELLERY
• HEALTHCARE
• INDIAN PLUMBING
• IRON AND STEEL
• ITES-BPO
• LEATHER AND LEATHER GOODS
• LIFE SCIENCES
• LOGISTICS
• MEDIA & ENTERTAINMENT
• MINING
• RETAIL
• RUBBER
• SECURITY
• TEXTILES AND GARMENTS
• TELECOM
• TOURISM, HOSPITALITY TRAVel
These SSCare either Associations or Industry Bodies of respective sector and are suppose to
conduct research, ascertain the delivery mechanism and maintain qualityassurance
Unnati P. Thakkar 100
Systemic Challenges
Organiza
tional
Policy
Vocational training lacks aspiration and advocacy
Lack of synergy between education and skills
Limited funding opportunities
Quality
Non conformity to international standards
Acute shortage of training infrastructure
Lack of inclusivity and geographical inequity
Unnati P. Thakkar 101
Gujarat Government Skill
Development Video
Unnati P. Thakkar 102
1.Startup Ecosystem in Gujarat
Unnati P. Thakkar 103
Ahmedabad-based
Mokshshil lends a
helping hand to the
bereaved by
organising funerals
and post-death
events
Unnati P. Thakkar 104
Entrepreneurial Gujarat

Gujarat State is known for its Entrepreneurial spirit in the Country.

Centre for Innovation Incubation and Entrepreneurship (CIIE) is the oldest Incubator
in the country and also the 2irstaccelerator in the country.

Gujarat Venture Finance Limited (GVFL) is the pioneer Venture Capital Fund in the
country supported by the Government of Gujarat.

icreate, a unique centre for innovation and incubation is being developed on PPP basis
to provide focused mentoring services to select Startups.

Gujarat announced its Startup Scheme in January 2015.
Unnati P. Thakkar 105
Gujarat Startup Scheme: Overview
• Gujarat State announced its Startup Scheme in January, 2015 along with the Industrial Policy
2015.
• Under the scheme, Industries Department approves Nodal Institutions (NIs) based on
proposals submitted by NIs.
• Any incubation centre of an academic institute/ University/ Private Body (registered as Non-
‐Pro2itOrganisation under Companies Act) is eligible to register as NI under the Scheme.
• NIs are responsible for inviting proposals from Startups, evaluating them and provides
incubation and mentoring facilities.
• Financial support is provided by Industries department to NIs and to Startups through NIs.
Unnati P. Thakkar 106
Startup approval process of Gujarat Startup Scheme
Innovator
Approaches
Nodal
Institutions
Screening of
selected
ideas by NIs
Recommend
ations to IC
(Incubation
Centers)
Grant
Released by
IC
(Incubation
Centers)
Time period: 3 months
Unnati P. Thakkar 107
Success Stories of Startups in Gujarat
• 20 Nodal Institutions have been approved under the Startup Scheme; 18 more
proposals for NIs are under consideration.
• 62 Innovative Projects are undergoing prototype development at various NIs.
• More than 200 innovative projects are at various stages of incubation in the
Nodal Institutions.
Torch It
• Torch-‐it is a startup incubating under PDPU
under the Startup scheme of Gujarat.
• Focused towards visually impaired, it is a hand
held device which guides by vibration & sound.
Power Tree
• Power Tree is a startup incubating under PDPU
under the Startup scheme of Gujarat.
• It blends art and Solar Energy Technology in a
Sculpture expression.
Mokshshil
• Personalized & professional end to end
customized funeral management services
• Offers end to end arrangements and has website
& app support
India biz for sale.com
• It’s an innovative model offering businesses for
buy and sale across 17 different industries.
• The website has 1420 businesses listed for sale
and 2570 interested in acquiring businesses.
Unnati P. Thakkar 108
Unnati P. Thakkar 109
India biz for sale.com
Unnati P. Thakkar 110
Unnati P. Thakkar 111
Unnati P. Thakkar 112
Ease of Doing Business
UNNATI P. THAKKAR 113
Ease of Doing Business in India 2020
UNNATI P. THAKKAR 114
What is Ease of Doing Business Index?
• It is an index published by the World Bank
• Which is an aggregate figure that includes different parameters which define
the ease of doing business in a country.
• It is computed by aggregating the distance to frontier scores of different
economies.
• The aggregated score becomes the Ease of doing business index.
UNNATI P. THAKKAR 115
UNNATI P. THAKKAR 116
UNNATI P. THAKKAR 117
India was placed at 63rd position this time (2019) out of 190
countries marking an improvement of 14 places from its
77th position in 2018.
UNNATI P. THAKKAR 118
UNNATI P. THAKKAR 119
UNNATI P. THAKKAR 120
What is the difference
between India and New
Zealand, which is ranked
ONE ?
UNNATI P. THAKKAR 121
UNNATI P. THAKKAR 122
UNNATI P. THAKKAR 123
UNNATI P. THAKKAR 124
UNNATI P. THAKKAR 125
UNNATI P. THAKKAR 126
UNNATI P. THAKKAR 127
UNNATI P. THAKKAR 128
STARTING A BUSINESS:
REGULATORY HURDLES IN
OPENING A RESTAURANT
UNNATI P. THAKKAR 129
UNNATI P. THAKKAR 130
UNNATI P. THAKKAR 131
UNNATI P. THAKKAR 132
UNNATI P. THAKKAR 133
UNNATI P. THAKKAR 134
Ease of Doing
Parameter
UNNATI P. THAKKAR 135
The following parameters are considered:
UNNATI P. THAKKAR 136
UNNATI P. THAKKAR 137
Following are the indicators considered:
1. Starting a business –
Procedures, time, cost and paid-in minimum capital to start a limited liability company
2. Dealing with construction permits –
Procedures, time and cost to complete all formalities to build a warehouse and the quality control and safety
mechanisms in the construction permitting system
3. Getting electricity –
Procedures, time and cost to get connected to the electrical grid, the reliability of the electricity supply and the
transparency of tariffs
UNNATI P. THAKKAR 138
4. Registering property –
Procedures, time and cost to transfer a property and the quality of the land administration
system
5. Getting credit –
Strength of legal rights index, depth of credit information index
6. Protecting investors –
Minority shareholders’ rights in related-party transactions and in corporate governance
UNNATI P. THAKKAR 139
7. Paying taxes –
Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of
gross profit
8. Trading across borders –
Number of documents, cost and time required to export and import
9. Enforcing contracts –
Time and cost to resolve a commercial dispute and the quality of judicial processes
10. Resolving insolvency –
Time, cost, outcome and recovery rate for a commercial insolvency and the strength of the legal
framework for insolvency.
UNNATI P. THAKKAR 140
UNNATI P. THAKKAR 141
UNNATI P. THAKKAR 142
CentralGovt. State Govt.
Getting credit Starting a business
Protecting Minority investors Dealing with construction
permits
Paying taxes Getting electricity
Trading across borders Registering property
Resolving insolvency Enforcing contracts
UNNATI P. THAKKAR 143
What needs to
improve?
UNNATI P. THAKKAR 144
India has to mainly focus on improving the four parameters-
Starting Business, Registering Property, Paying Taxes, and
Enforcing Contracts. There are many complex rules and laws that
have to be complied with in these areas. There are many
regulatory hurdles and cumbersome procedures that need to be
simplified in order to encourage more people to start a business
here.
UNNATI P. THAKKAR 145
How reliable is DBR?
UNNATI P. THAKKAR 146
While the government has highlighted India’s improvement in the ranking, the reliability of the data
needs to be discussed. The DBR mentions ve broad limitations as described below.
•The data collected is about businesses in the largest business city and this may not be
representative of regulation in other parts of the country. In India’s case, the data is collected from
both Mumbai & Delhi with more weightage given to Delhi, being the capital.
•The data often focus on a specific business form (a limited liability company) of a may not be
representative of the regulation on other businesses.
•Transactions described in a standardized case scenario refer to a specific set of issues and may not
represent the full set of issues that a business encounters.
•The measures of time involve an element of judgment by the expert respondents.
•The methodology assumes that a business has full information on what is required and does not
waste time when completing procedures. In practice, completing a procedure may take longer since
the businesses lack information on the procedures.
UNNATI P. THAKKAR 147
Official Launch of Business:
Steps to a Successful Business Launch
◦ Idea testing
◦ Know the market
◦ Understand the future Customer
◦ Establish Cash Resources
◦ Choose the right business structure
UNNATI P. THAKKAR 148
(1601) 10 Steps में Business का संपूर्ण ज्ञान |
Startup Success Formula | Dr Vivek Bindra -
YouTube
UNNATI P. THAKKAR 149
Steps to test your business idea
1. Steps to test your business idea
2. Build a minimum viable product. - the lean startup model is a great way to develop your business or a
specific product.
3. Run it by a group of critics - Run it by a group of critics
4. Pinch it to suit your test market. - to college campuses and showed mock-ups of what the product and take
the feedback from students invaluable in fine-tuning the original idea.
5. Create a test website with social media tie-ins.
6. Create a test website with social media tie-ins.
7. Adopt an experimentation mindset.
8. Implement design thinking.
UNNATI P. THAKKAR 150
Know the market – Start – up
Research the Market on Google
Use Social Media
Conduct Surveys
Create a Minimum Viable Product (MVP)
UNNATI P. THAKKAR 151

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4. Module 1.pptx

  • 2. • Initiatives for Start-up India, Stand up India and Skill India • Government of Gujarat schemes for Start-up, Start-up, Stand-up India • Ease of Doing Business (EoDB) Overview, Ranking, Determinants of EoDB Unnati P. Thakkar 2
  • 3. GOVERNMENTAL SCHEMES •The Government of India has undertaken several initiatives and instituted policy measures to foster a culture of innovation and entrepreneurship in the country. •With a significant and unique demographic advantage, India, however, has immense potential to innovate, raise entrepreneurs and create jobs for the benefit of the nation and the world. Unnati P. Thakkar 3
  • 4. START-UP INDIA: Through the Startup India initiative, Government of India promotes entrepreneurship by mentoring, nurturing and facilitating startups throughout their life cycle. With a 360 degree approach to enable startups, the initiative provides a comprehensive four-week free online learning program. More importantly, a ‘Fund of Funds’ has been created • to help startups gain access to funding. Unnati P. Thakkar 4
  • 5. MAKE IN INDIA: The make in India initiative was launched in September 2014. It came as a powerful call to India's citizens and business leaders, and an invitation to potential partners and investors around the world to overhaul outdated processes and policies, and centralize information about opportunities in India's manufacturing sector. This has in turn helped procure investments, foster innovation, develop skills, protect intellectual property and build best-in-class manufacturing Unnati P. Thakkar 5
  • 6. ATAL INNOVATION MISSION (AIM): AIM is the Government of India’s endeavor to promote a culture of innovation and entrepreneurship, in technology driven areas. In order to foster curiosity, creativity and imagination right at the school, Atal Incubation Centres (AICs) are another programme of AIM created to build innovative start-up businesses as scalable and sustainable enterprises. Unnati P. Thakkar 6
  • 7. SUPPORT TO TRAINING AND EMPLOYMENT PROGRAMME FOR WOMEN (STEP): •STEP was launched by the Government of India’s Ministry of Women and Child Development to train women with no access to formal skill training facilities, especially in rural India. •The Ministry of Skill Development & Entrepreneurship and NITI Aayog recently redrafted the Guidelines to reaches out to all Indian women above 16 years of age To impart skills in several sectors such as agriculture, horticulture, food processing, handlooms, traditional crafts like embroidery, travel and tourism, hospitality, computer and IT services Unnati P. Thakkar 7
  • 8. JAN DHAN- AADHAAR- MOBILE): JAM, for the first time, is a technological intervention that enables direct transfer of subsidies to intended beneficiaries and, therefore, eliminates all intermediaries and leakages in the system, which has a potential impact on the lives of millions of Indian citizens. Besides serving as a vital check on corruption, JAM provides for accounts to all underserved regions, in order to make banking services Unnati P. Thakkar 8
  • 9. BIOTECHNOLOGY INDUSTRY RESEARCH ASSISTANCE COUNCIL (BIRAC): • BIRAC is a not-for-profit Public-Sector Enterprise, set up by Department of Biotechnology to strengthen and empower emerging biotechnology enterprises. It aims to embed strategic research and innovation in all biotech enterprises, and bridge the existing gaps between industry and academia. • BIRAC has initiated partnerships with several national and global partners for building capacities of the Indian biotech industry, particularly start-ups and SME’s, and has facilitated several rapid developments in medical Unnati P. Thakkar 9
  • 10. STAND-UP INDIA: Launched in 2015, Stand-Up India seeks to leverage institutional credit for the benefit of India’s underprivileged. It aims to enable of, and share the economic participation benefits of India’s growth, among women entrepreneurs, Scheduled Castes and Scheduled Tribes. Unnati P. Thakkar 10
  • 11. STAND-UP INDIA: •Towards this end, at least one women and one individual from the SC or ST communities are granted loans between Rs.1 million to Rs.10 million to set up greenfield enterprises in manufacturing, services or the trading sector. •The Stand-Up India portal also acts as a digital platform for small entrepreneurs and provides information on financing and credit guarantee. Unnati P. Thakkar 11
  • 12. TRADE RELATED ENTREPRENEURSHIP ASSISTANCE AND DEVELOPMENT (TREAD): • To address the critical issues of access to credit among India’s underprivileged women, the TREAD programme enables credit availability to interested women through non-governmental organizations (NGOs). • As such, women can receive support of registered NGOs in both accessing loan facilities, and receiving counselling and training opportunities to kick-start proposed enterprises, in order to provide pathways for women to take up non-farm activities Unnati P. Thakkar 12
  • 13. PRADHAN MANTRI KAUSHAL VIKAS YOJANA (PMKVY): • A flagship initiative of the Ministry of Skill Development & Entrepreneurship (MSDE), this is a Skill Certification initiative that aims to train youth in industry- relevant skills to enhance opportunities for livelihood creation and employability (Training and Assessment fees are entirely borne by the Government under this program) Unnati P. Thakkar 13
  • 14. NATIONAL SKILL DEVELOPMENT MISSION: • Launched in July 2015, the mission aims to build synergies across sectors and States in skilled industries and initiatives. With a vision to build a ‘Skilled India’ it is designed to expedite decision- making across sectors to provide skills at scale, without compromising on q uality or speed. Unnati P. Thakkar 14
  • 15. NATIONAL SKILL DEVELOPMENT MISSION: •The seven sub-missions proposed across India are: (i)Institutional Training (ii)Infrastructure (iii)Convergence (iv)Trainers (v)Overseas Employment (vi)Sustainable Livelihoods (vii)Leveraging Public Infrastructure Unnati P. Thakkar 15
  • 16. • Initiatives for Start-up India, Stand up India and Skill India • Government of Gujarat schemes for Start-up, Start-up, Stand-up India • Ease of Doing Business (EoDB) Overview, Ranking, Determinants of EoDB Unnati P. Thakkar 16
  • 17. Startup India These new startups are killing it with their modern solutions to our urban problems, making them the best startups in India to consider for startup funding. Unnati P. Thakkar 17
  • 18. The Stone Soup Unnati P. Thakkar 18
  • 19. INTRODUCTION • Startup india is a revolution scheme that has been started to help the people,who start their own business. • These people have ideas and capability so govt will give them support to make sure they can implement their idea & grow. • The campaign was first announced by Prime Minister Modi in his 15 August 2015 address from the Red Fort. • Success of this scheme will eventually make india, a better economy and a strong nation. Unnati P. Thakkar 19
  • 20. • Start-up India in an action plan to develop an ecosystem to promote and nurture entrepreneurship across the country. • Start-ups and entrepreneurship are critical to India’s efforts to restart private investment into the economy. • The Government of India to build a strong eco-system for nurturing innovation and empowering Start-ups in the country. Unnati P. Thakkar 20
  • 21. Meaning of startupindia • Meaning of startup india “from job seekerto job creator” • Theeconomy of acountry dependson countrymen. • Largeno. of employee &woring people better bethe economy. • The india govt. realized that india people have the potential to work hardly ,all they needis promisingstartup. Unnati P. Thakkar 21
  • 22. • So indian govt. in the leadership of Narendra Modi has decided to offer a gift as a wise programme “startup india” Unnati P. Thakkar 22
  • 23. • In 2014, India saw a sudden startup wave shaking the nation with its million-dollar ideas and innovative solutions to modern problems, and it hasn’t stopped ever since. • Later in 2016, the government of India launched the Startup India Scheme. • To promote the new startups of the nation by providing startup funding support, guidance, and industry-academia partnership & incubation opportunities. Unnati P. Thakkar 23
  • 24. What is Startup India? • Startup India is essentially an initiative taken by the Indian government that aims at promoting and encouraging the entrepreneurial spirit amongst its citizens. • The overall idea involved in launching the Startup India initiative was to generate employment amongst the unemployed via startups while simultaneously working towards building self-employment for sole proprietors. Unnati P. Thakkar 24
  • 25. Here are the steps involved in Startup India registration: • Ensure your company is registered as a Private Limited Company, Partnership firm, or a Limited Liability Partnership. • Register on the Startup India website here • Upload documents in PDF- LOR, Certificate of Incorporation & Business Description • Avail tax benefits • Self certify that you fulfill the given conditions • Get recognition number, and that’s it! Unnati P. Thakkar 25
  • 26. The types of loans provided under the Pradhan Mantri Mudra Yojana are: • Shishu: A loan of up to Rs 50,000 is provided to startups in their initial stage. • Kishore: A loan of Rs 50,000 to Rs 5 lakh is provided to startups aiming to expand. • Tarun: A startup India loan of Rs 5 lakh to Rs 10 lakh is granted to startups in their growth stage. • Note: As per records, a total of Rs 6.04 lakh crore has been disbursed since the inception of the Pradhan Mantri Mudra Yojana. Unnati P. Thakkar 26
  • 27. Startup Jobs Generated • As mentioned earlier, Over 1,48,897 startup jobs have been generated since the inception of Startup India. • Not only have startup jobs helped in generating employment in a rising state of unemployment in the country, but it has also provided more significant opportunities at a smaller scale. • Note: Launching in February 2020, Hiredd.com will be providing some great startup jobs in India. Unnati P. Thakkar 27
  • 28. How Startup India Scheme has Helped Startups • Startup India Scheme has helped multiple startups with its financial and other support. • The government provides Income Tax Exemption to startups for the first three years of profits made by the company. • Capital Gains Tax exemption • Up to 80% rebate on patent costs • Simplified registration process Unnati P. Thakkar 28
  • 29. Start Up India Scheme: Benefits in 2020 The Start Up India Scheme assists the entrepreneurs of India by providing start up business loan and tax benefits. It serves as pillars of support of motivating young entrepreneurs to proceed on their journey of startup success. Note: The GOI has allotted a fund of Rs 2,500 crores for the generation of innovative startups along with a credit guarantee fund of Rs 500 crores. Unnati P. Thakkar 29
  • 30. Start Up India Scheme – Eligibility • The startup must be registered or incorporated in India for less than 7 years. For biotech startups, less than ten years. • Annual turnover must be less than Rs 25 crores • The main objective to work towards innovation, development, deployment, or commercialization of new products or services that are driven by technology or intellectual property • Must be a new corporation and not a result of splitting up or reconstruction of business • Must have the Inter-Ministerial Board certification • Must be an incorporated as a private limited company, a registered partnership company or a limited liability partnership Unnati P. Thakkar 30
  • 31. Start Up India Scheme- Benefits Unnati P. Thakkar 31
  • 32. Financial Benefits • The Start Up India Scheme provides its applicants and registrars with financial benefits for their organization. The government offers a refund of 80% for the high patent costs bore by the startups. It also assists in facilitating the patent registration process faster for startups. • –> 80% refund on high patent costs Unnati P. Thakkar 32
  • 33. Income Tax Benefits • Startups can acquire income tax benefits under the Start Up India Scheme that provides the registered startups an income tax exemption from the government for 3 years. • Moreover, the companies who have invested in specified funds can also avail exemption from capital gains in income Tax. • However, startups can avail of this benefit only if: • Obtained a certificate from the Inter-Ministerial Board • –> Income Tax exemption for 3 years Unnati P. Thakkar 33
  • 34. 3. Registration Benefits • Start Up India Scheme serves as the guiding light that helps startups throughout their registration process. The scheme allows you to facilitate your process of registration through its simple & quick application process. • Further registration benefits provided by Start Up India Scheme are: • Single meetings at Startup India Hub elaborates upon critical steps of incorporating and registering your business. • It provides a single doubt and problem-solving window for its participants. • –> Simplified registration process Unnati P. Thakkar 34
  • 35. 4. Government Tenders • Acquiring government tender usually requires a lot of effort, making it a tedious task to gain access to them, especially being a fresher. Corporates and businesses often have their eyes laid on government tenders because of its attributes like high payments & large projects. • Start Up India Scheme allows startups to gain priority on acquiring government tenders, despite having little or zero experience. • –> Priority for government tenders Unnati P. Thakkar 35
  • 36. 5. Huge Networking Opportunities • Two startup fests are organized by Startup India annually to help promote the entrepreneurial spirit amongst the registered startups, helping them gain a broader exposure to the market. • It also provides access to many Intellectual Property awareness workshops. Startups gain opportunities to network with potential startup stakeholders and other great businesses in the startup community. • –> Opportunity to network with potential startup stakeholders Unnati P. Thakkar 36
  • 37. Action plan of startup india 1. Self certification: • The start-ups will adopt self-certification to reduce the regulatory liabilities. The self- certification will apply to laws including payment of gratuity, labour contract. 2. Start-up India hub • An all-India hub will be created as a single contact point for start-up foundations in India, which will help the entrepreneurs to exchange knowledge . Unnati P. Thakkar 37
  • 38. 3. Register through app An online portal, in the shape of a mobile application, will be launched to help start-up founders to easily register. The app is scheduled to be launched on April 1, 2016. 4. Rs 10,000 crore fund The government will develop a fund with an initial corpus (Collection) of Rs 2,500 crore and a total corpus of Rs 10,000 crore over four years, to support upcoming start-up enterprises. Unnati P. Thakkar 38
  • 39. 5. No Income Tax for three years Start-ups would not pay Income Tax for three years. This policy would revolutionise the pace with which start-ups would grow in the future 6. Building entrepreneurs Innovation-related study plans for students in over 5 lakh schools. Besides, there will also be an annual incubator grand challenge to develop world class incubators. Unnati P. Thakkar 39
  • 40. 7. Atal Innovation Mission The Atal Innovation Mission will be launched to boost innovation and encourage talented youths. 8.Entrepreneurship in biotechnology The government will further establish five new biotech clusters, 50 new bio incubators, 150 technology transfer offices and 20 bio-connect offices in the country. Unnati P. Thakkar 40
  • 41. 9. Rebate A rebate amount of 80 percent of the total value will be provided to the entrepreneurs on filing patent applications. 10. Faster exit If a start-up fails, the government will also assist the entrepreneurs to find suitable solutions for their problems. If they fail again, the government will provide an easy way out. Unnati P. Thakkar 41
  • 42. 11.Credit Guarantee Fund for Start-ups • To catalyse entrepreneurship by providing credit to innovators across all sections of society. 12.Tax Exemption on Capital Gains • To promote investments into Start-ups by mobilizing the capital gains arising from sale of capital asset. Unnati P. Thakkar 42
  • 43. 13. Research Parks • 7 new research parks are proposed to be set up with an initial investment of Rs.100 crore each. 14. Start-up fests • Introduction of Start-up fests to bolster the Start-ups ecosystem and provide a platform to showcase ideas and work with a larger audience. Unnati P. Thakkar 43
  • 44. 15. Innovation centres • These 31 centres will include 13 Start-up centres and 18 technology business incubators to be set up/ scaled up at IIMs/ NITs/ IITs. 16. Patent protection • The government is also working on a legal support for fast-tracking patent examination at lower costs. Unnati P. Thakkar 44
  • 46. Types of Startup Funding • There are five ways in which a new startup can gather startup funding for the functioning of its company. You can provide startup funding via: • Series funding • Crowdfunding • Loans • Venture Capital • Angel Investors Video Unnati P. Thakkar 46
  • 47. Problems faced byStartups • Planning • Execution • Customer acquisition & retention • Fundraising • Human Resources Unnati P. Thakkar 47
  • 50. Startup Principles to Remember: • Focus on growth to thrive the progress • Provide solutions to an existing problem • Strive to fill the market gap • Challenge the traditional methods • All individuals must work towards a common goal Unnati P. Thakkar 50
  • 51. Freshest Startup Ideas: Top startups in India 2021 | List of Top 102 Startups in India 1 new message (startuphrtoolkit.com) Unnati P. Thakkar 51
  • 52. Benevo Industry: Education Management City: Dehradun, Uttarakhand Business Soumya Baniwal believes that learning is 3D- connecting our heart, head, and hand. She's changing lives with her startup Benevo, an organization for Essential Life Skills & General Awareness training founded by her, and has worked with nutritionists, ex-bankers, doctors, social workers, and many more. Unnati P. Thakkar 52
  • 53. Review Your Employee Industry: Human Resources City: Mohali, Punjab Business RYE- Review Your Employee, claims to be a one- stop platform for integrated HR solutions. It provides hassle-free and paperless documentation for employee records. HR tool for companies to complete tasks like documentation, tracking down important events, ex-employee feedback verification, data management of employee, etc. Unnati P. Thakkar 53
  • 54. El Diablo Sauces Industry: Food & Beverage City: Gurugram, Haryana In 2017, Tanya and her husband came up with the idea of fresh and unique sauce and hence, with her previous experience in sales and marketing, started El Diablo Sauces. Their unique blend is chemical-free & preservative-free with no added sugar and can be used as dips or marinades. The firm began with 3-4 flavors and now has 11 flavors ranging from sweet to super spicy. El Diablo has a pan India presence via online marketplaces. Unnati P. Thakkar 54
  • 55. NgoJob Industry: Social & HR City: N/A Vishnu Sharma, hailing from a small district of Madhya Pradesh, started an independent platform, ngoJob.org, that facilitates recruiters to hire the best talents and jobseekers to get the best jobs in the development or social sectors in India. Vishnu’s platform is a resource portal for social sector enterprises, CSR Foundations, social ventures, NGOs, companies, and research organizations to reach out to job seekers and professionals for Jobs, Fellowships, Research, RFPs, and Tenders. Unnati P. Thakkar 55
  • 56. Now&Me Industry: Mental Health Care City: New Delhi Drishti and Bani’s startup Now&Me is a safe online platform that assists people by allowing them to share their feelings & vent (Opening), anonymously, while getting constant community support & a helping hand. The platform stands firm as a symbol of self-expression & an archive of thoughts that motivates people to open up. The October 2018 launched platform has over 4,000 personal & heartfelt experiences that have been shared on their platform. Unnati P. Thakkar 56
  • 57. Ahista Tea Industry: Food & Beverages City: Ahmedabad, Gujarat Ashmit Patel’s luxury tea startup Ahista Tea is the first homegrown Indian brand that has partnered with a Michelin star restaurant as well as the first to share their tea collection at Tamarind of Mayfair in London. The luxury tea brand specializes in single-batch progressive teas, culturally-inspired blends, & contemporary ceramics. Ahista gathers a selection of bespoke blends and experimental teas each year from India and regions that are historically influenced by Indian culture. Unnati P. Thakkar 57
  • 62. Title of the Scheme Stand-Up India Scheme for financing SC/ST and/or Women Entrepreneurs. Objective The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur. Unnati P. Thakkar 62
  • 63. Eligibility 1.SC/ST and/or woman entrepreneurs, above 18 years of age. 2.Loans under the scheme is available for only green field project. Green field signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector. 3.In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur. 4.Borrower should not be in default to any bank/financial institution. Nature of Loan Composite loan (inclusive of term loan and working capital) between 10 lakh and upto 100 lakh. Purpose of Loan For setting up a new enterprise in manufacturing, trading or services sector by SC/ST and Women Entrepreneur. Unnati P. Thakkar 63
  • 64. Size of Loan Composite loan of 75% of the project cost inclusive of term loan and working capital. The stipulation of the loan being expected to cover 75% of the project cost would not apply if the borrower’s contribution along with convergence support from any other schemes exceeds 25% of the project cost. Interest Rate The rate of interest would be lowest applicable rate of the bank for that category (rating category) not to exceed (base rate (MCLR) + 3%+ tenor premium). Security Besides primary security, the loan may be secured by collateral security or guarantee of Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL) as decided by the banks. Unnati P. Thakkar 64
  • 65. Repayment The loan is repayable in 7 years with a maximum moratorium (Delay) period of 18 months. Working Capital For drawal of Working capital upto 10 lakh, the same may be sanctioned by way of overdraft. Rupay debit card to be issued for convenience of the borrower. Working capital limit above 10 lakh to be sanctioned by way of Cash Credit limit. Margin Money The Scheme envisages 25% margin money which can be provided in convergence with eligible Central / State schemes. While such schemes can be drawn upon for availing admissible subsidies or for meeting margin money requirements, in all cases, the borrower shall be required to bring in minimum of 10% of the project cost as own contribution. Unnati P. Thakkar 65
  • 66. How to apply for loans The scheme, which covers all branches of Scheduled Commercial Banks, will be accessed in three potential ways. Directly at the branch or Through Stand-Up India portal (www.standupmitra.in) or Through the Lead District Manager ((LDM) Unnati P. Thakkar 66
  • 68. Checklist - Stand- Up India loan Application Unnati P. Thakkar 68
  • 69. • Proof of Identity : Voter’s ID Card / Passport / Driving License / PAN Card / Signature identification from present bankers of proprietor, partner of director ( if a company) • Proof of residence: Recent telephone bills, electricity bill, property tax receipt /Passport / voter’s ID Card of Proprietor, partner of Director (if a company) • Proof of business Address • Applicant should not be defaulter in any Bank/F.I. • Memorandum and articles of association of the Company / Partnership Deed of partners etc. • Assets and liabilities statement of promoters and guarantors along with latest income tax returns. Unnati P. Thakkar 69
  • 70. • Rent Agreement (if business premises on rent) and clearance from pollution control board if applicable. • SSI / MSME registration if applicable. • Projected balance sheets for the next two years in case of working capital limits and for the period of the loan in case of term loan • Photocopies of lease deeds/ title deeds of all the properties being offered as primary and collateral securities. • Documents to establish whether the applicant belongs to SC/ST Category, wherever applicable. • Certificate of incorporation from ROC (Registrar of Companies) to establish whether majority stake holding in the company is in the hands of a person who belongs to SC/ST/Woman category. Unnati P. Thakkar 70
  • 71. Cases With Exposure above ₹ 25 Lakhs Unnati P. Thakkar 71
  • 72. • Profile of the unit (includes names of promoters, other directors in the company, the activity being undertaken addresses of all offices and plants, shareholding pattern etc. • Last three years balance sheets of the Associate / Group Companies (if any). • Project report (for the proposed project if term funding is required) containing details of the machinery to be acquired, from whom to be acquired, price, names of suppliers, financial details like capacity of machines, capacity of utilization assumed, production, sales, projected profit and loss and balance sheets for the tenor of the loan, the details of labour, staff to be hired, basis of assumption of such financial details etc. • Manufacturing process if applicable, major profile of executives in the company, any tie- ups, details about raw material used and their suppliers, details about the buyers, details about major-competitors and the company’s strength and weaknesses as compared to their competitors etc. Unnati P. Thakkar 72
  • 73. SKILL INDIA Unnati P. Thakkar 73
  • 74. “I call upon the nation to take a pledge to make India the skill Capital of the World” - P.M. Narendra Modi Unnati P. Thakkar 74
  • 75. Why Skill Development ? Demographic dividend Male Female 59 54 Population MN, 2011 63 61 57 58 54 51 50 45 44 43 42 38 35 32 30 26 23 19 20 19 19 Age Group 60-64 55-59 50-54 45-49 40-44 35-39 30-34 25-29 20-24 64 15-19 69 10-14 66 5-9 0-4 Unnati P. Thakkar 75
  • 76. Overview • By 2020, with an average age of 29, India will have a surplus of active population (15- 45 years) of about 47 millionpeople • By 2030, India is expectedto have the largest labour force in the world 53.30% 70.60% 70.90% 68% 67.10% 60% 59% 61% 51% India United States China Japan Percentage share of WorkingPopulation 75.10% United Kingdom 2012 2020 Unnati P. Thakkar 76
  • 78. • 6.5 LAKH PEOPLE GO OUT OF INDIA EVERYYEAR. • 50.8 % JOB SEEKERS ARE 10TH PASSED, 27.2% ARE GRADUATES & REST AREABOVE • BY 2020 INDIA WILL HAVE A SURPLUS OF 56 MILLION PEOPLE (HALF OF INDIA'S POPULATION) • BY 2020 THE WORLD WILL HAVE SHORTAGE OF 47 MILLION WORKING PEOPLE • CURRENT CAPACITY OF THE SKILL DEVELOPMENT PROGRAMS IN INDIA IS 3.1 MILLION INDIA: THE FUTURE PROVIDER OF SKILLED MANPOWER TO THE WORLD Unnati P. Thakkar 78
  • 79. Projected employment– 2025 135.9 323.6 Employment base in 2015 (million) Selected sectors Other sectors 204.7 355.8 Projected employment by 2025 (million) Selected sectors Other sectors Following selected sectors are expected to create around 67 per cent of additional jobs during the next decade • Auto and auto components • Food processing • Retail • Handlooms and handicrafts • Tourism, hospitality andtravel • Building, construction and realestate • Textile and clothing Unnati P. Thakkar 79
  • 80. Skill India Programme – What it is? 1)Launched in July 2015. An initiative of Govt. of India to empower the youth of the country with skill sets which make them more employable and more productive 2)For the first time since independence, a Ministry for Skill Development & Entrepreneurship (MSDE) has been formed to focus on enhancing employability of the youth through skill development 3)Skill India has the responsibility for ensuring implementation of Common norms across all skill development programs in the country so that they are all standardized and aligned to common objective 4)Skill India offers courses across 40 sectors in the country which are aligned to the standards recognised by both, the industry and the government under the National Skill Qualification Framework 5) Programme tag ‘Kaushal Bharat, Kushal Bharat’ means skilled India, Capable India 8 0 Unnati P. Thakkar
  • 81. Skill India Programme – Need? 1)Population set to rise to 1.3 billion by 2020, out of which 62% are in the working age of (15-59 years) 2)About 12 million persons are expected to join the workforce every year. This trend is expected to continue until 2040 3) Out of 4 lakhs trained (approx.) annually, only 35% of them get placed into market 4) Only 10% of the total workforce in the country receives some kind of skills training 5)Further, 80% of the entrants into the workforce do not have the opportunity for skill training. Out of 23 million jobs created between 2005 and 2012, only one-third women got jobs 6) Aggravated by the fact that skill training efforts cut across multiple sectors and require the involvement of diverse stakeholders 8 1 Unnati P. Thakkar
  • 82. Skill India Programme - Objectives 1) Create opportunities, space and scope for the development of the talents of the Indian youth 2) Develop more sectors for skill development 3) Providing training and skill development to 500 million youth by 2022, covering each and every village 8 2 Unnati P. Thakkar
  • 83. Skill India Programme - Features 1) Emphasis is to skill the youths in such a way so that they get employment 2)Provides training, support and guidance for all occupations that were of traditional type like carpenters, cobblers, welders, blacksmiths, masons, nurses, tailors, weavers etc. 3)The training programmes would be on the lines of international level so that the youths of our country can not only meet the domestic demands but also of other countries like the US, Japan, China, Germany, Russia and those in the 4) Standardise and certify the training process 5)Tailor-made, need-based programmes like language and communication skills, life and positive thinking skills, personality development skills, management skills, behavioural skills, including job and employability skills 8 3 Unnati P. Thakkar
  • 84. Skill India Programme - Uniqueness 1) New ministry hence new approach for skill development 2) Youth who are jobless, college and school dropouts, along with the educated ones, from rural and urban areas, all will be given value addition skills 3) The new ministry will be the certifying agency. Certificates will be issued to those who complete a particular skill or programme and this certificate has to be recognized by all public and private agencies and entities, including overseas organisations 8 4 Unnati P. Thakkar
  • 85. Skill India Programme - Advantages 1) Improved productivity and give direction through proper skill development 2)Development of skills, at an young age, right at the school level, is very essential to channelize them for proper job opportunities 3)Every job aspirant would be given training in soft skills to lead a proper and decent life 4) Skill development would reach the rural and remote areas also 5) Corporate educational institutions, non-government organizations, Government, academic institutions, and society would help in the development of skills of the youths so that better results are achieved in the shortest time possible 8 5 Unnati P. Thakkar
  • 86. SKILL- Ability to do something that comes from training, experience and practice etc. YOUTH – Person between adolescence (Youth) and maturity. JOB – The work that person does regularly in order to earn money. LOGO – Skill India logo suggest that both Skill and General Education are at parity and aspirational for India’s youth. KAUSHAL BHARAT, KUSHAL BHARAT – Happy, Healthy, Prosperous and strong nation through skilling India. Unnati P. Thakkar 86
  • 87. Introduction  Skill India is an initiative of the Government of India It was launched by Prime Minister Narendra Modi on 15th July 2015 with an aim to train over 40 crore people in India in different skills by 2022.  The initiatives include National Skill Development Mission, National Policy for Skill Development and Entrepreneurship 2015, Pradhan Mantri Kaushal Vikas Yojana (PMKVY) scheme and the Skill Loan scheme.  Skill India won’t be just a programme but a movement. Here, youth who are jobless, college and schools dropouts, along with the educated ones, from rural and urban areas, all will be given value addition. Unnati P. Thakkar 87
  • 88. Vision - NSDC was set up as part of a national skill development mission to fulfill the growing need in India for skilled manpower across sectors and narrow the existing gap between the demand and supply of skills. There is a compelling need to launch a world- class skill development program in a mission mode that will address the challenge of imparting the skills required by a growing economy. Mission - Upgrade skills to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum and quality assurance. Play the role of a "market-maker" by bringing financing, particularly in sectors where market mechanisms are ineffective or missing. Vision & Mission Unnati P. Thakkar 88
  • 89. Features The emphasis is to skill the youths in such a way so that they get employment and also improve entrepreneurship.  Provides training, support and guidance for all occupations .  The training programmes would be on the lines of international level so that the youth of our country can not only meet the domestic demands but also of other countries like the US, Japan, China, Germany, Russia and those in the West Asia.  Another remarkable feature of the Skill India programme would be to create a hallmark called ‘Rural India Skill’, so as to standardise and certify the training process. Unnati P. Thakkar 89
  • 92. Pradhan Mantri Kaushal Vikas Yojanais a unique initiative by the Government of India that aims to offer 24 lakh Indian youth meaningful, industry relevant, skill based training. Under this scheme, the trainees will be offered a financial reward and a government certification on successful completion of training and assessment, which will help them in securing a job for a better future. Unnati P. Thakkar 92
  • 95. Process STEP 2 STEP 3 STEP 4 STEP 5  Find PMKVY affiliated training center offering a skill development course of your choice  Use this website, helpline no. or participation in a kaushal vikas shivir conducted in your constituency.  The public is warned to be cautious of unauthorised non-affiliated training centrers, in case of any violation of the scheme, please lodge a complaint online through the grievance redessal portel. STEP 1 Find a Trainig Centre Unnati P. Thakkar 95
  • 96.  Enroll in a course of your choice and one you are eligible for.  Trainee are required to pay the training and assessment fees.  At the time of enrolment, you will be required to provide your Adhaar card and bank account details. Process STEP 1 STEP 3 STEP 4 STEP 5 STEP 2 Learn a Skill Unnati P. Thakkar 96
  • 97.  The training you will receive at a PMKVY affiliated training centre is aligned to the Nation Occupational Standards (NOS) and Qualification Packs (QPs) that have been formulated by Sector Skill Councils (SSCc) for each job role. Process STEP 1 STEP 2 STEP 4 STEP 5 STEP 3 Get Enrolled Unnati P. Thakkar 97
  • 98.  Towards the end of your course, you will be assessed by an SSC (Supervisor Skill Counselling) approved assessment agency.  If you pass the assessment and have a valid Adhaar card, you will receive a government certification and skill card.  Trainees can undergo the assessment any number of times, but they are required to pay the assessment fee again. Process STEP 1 STEP 2 STEP 3 STEP 5 STEP 4 Be Assessed and Certified Unnati P. Thakkar 98
  • 99.  You will receive a monetary reward for being certified.  The reward will be disbursed directly to your bank account.  A trainee is eligible to receive the monetary reward only if  he/she has a valid bank account and has been certified.  he/she has not availed of the monetary award before.  The monetary reward varies sector wise and as per the job role level Process STEP STEP STEP STEP STEP 1 2 3 4 5 Gain a Reward Unnati P. Thakkar 99
  • 100. Sectors of Skill Development • AGRICULTURE • APPAREL MADE UPS & HOME FURNISHING • AUTOMOBILE / AUTO COMPONENTS • BANKING, FINANCIAL SECTOR AND INSURANCE • BEAUTY & WELLNESS • CAPITAL GOODS • CONSTRUCTION • ELECTRONICS & HARDWARE • FOOD INDUSTRY • GEMS AND JEWELLERY • HEALTHCARE • INDIAN PLUMBING • IRON AND STEEL • ITES-BPO • LEATHER AND LEATHER GOODS • LIFE SCIENCES • LOGISTICS • MEDIA & ENTERTAINMENT • MINING • RETAIL • RUBBER • SECURITY • TEXTILES AND GARMENTS • TELECOM • TOURISM, HOSPITALITY TRAVel These SSCare either Associations or Industry Bodies of respective sector and are suppose to conduct research, ascertain the delivery mechanism and maintain qualityassurance Unnati P. Thakkar 100
  • 101. Systemic Challenges Organiza tional Policy Vocational training lacks aspiration and advocacy Lack of synergy between education and skills Limited funding opportunities Quality Non conformity to international standards Acute shortage of training infrastructure Lack of inclusivity and geographical inequity Unnati P. Thakkar 101
  • 102. Gujarat Government Skill Development Video Unnati P. Thakkar 102
  • 103. 1.Startup Ecosystem in Gujarat Unnati P. Thakkar 103
  • 104. Ahmedabad-based Mokshshil lends a helping hand to the bereaved by organising funerals and post-death events Unnati P. Thakkar 104
  • 105. Entrepreneurial Gujarat  Gujarat State is known for its Entrepreneurial spirit in the Country.  Centre for Innovation Incubation and Entrepreneurship (CIIE) is the oldest Incubator in the country and also the 2irstaccelerator in the country.  Gujarat Venture Finance Limited (GVFL) is the pioneer Venture Capital Fund in the country supported by the Government of Gujarat.  icreate, a unique centre for innovation and incubation is being developed on PPP basis to provide focused mentoring services to select Startups.  Gujarat announced its Startup Scheme in January 2015. Unnati P. Thakkar 105
  • 106. Gujarat Startup Scheme: Overview • Gujarat State announced its Startup Scheme in January, 2015 along with the Industrial Policy 2015. • Under the scheme, Industries Department approves Nodal Institutions (NIs) based on proposals submitted by NIs. • Any incubation centre of an academic institute/ University/ Private Body (registered as Non- ‐Pro2itOrganisation under Companies Act) is eligible to register as NI under the Scheme. • NIs are responsible for inviting proposals from Startups, evaluating them and provides incubation and mentoring facilities. • Financial support is provided by Industries department to NIs and to Startups through NIs. Unnati P. Thakkar 106
  • 107. Startup approval process of Gujarat Startup Scheme Innovator Approaches Nodal Institutions Screening of selected ideas by NIs Recommend ations to IC (Incubation Centers) Grant Released by IC (Incubation Centers) Time period: 3 months Unnati P. Thakkar 107
  • 108. Success Stories of Startups in Gujarat • 20 Nodal Institutions have been approved under the Startup Scheme; 18 more proposals for NIs are under consideration. • 62 Innovative Projects are undergoing prototype development at various NIs. • More than 200 innovative projects are at various stages of incubation in the Nodal Institutions. Torch It • Torch-‐it is a startup incubating under PDPU under the Startup scheme of Gujarat. • Focused towards visually impaired, it is a hand held device which guides by vibration & sound. Power Tree • Power Tree is a startup incubating under PDPU under the Startup scheme of Gujarat. • It blends art and Solar Energy Technology in a Sculpture expression. Mokshshil • Personalized & professional end to end customized funeral management services • Offers end to end arrangements and has website & app support India biz for sale.com • It’s an innovative model offering businesses for buy and sale across 17 different industries. • The website has 1420 businesses listed for sale and 2570 interested in acquiring businesses. Unnati P. Thakkar 108
  • 110. India biz for sale.com Unnati P. Thakkar 110
  • 113. Ease of Doing Business UNNATI P. THAKKAR 113
  • 114. Ease of Doing Business in India 2020 UNNATI P. THAKKAR 114
  • 115. What is Ease of Doing Business Index? • It is an index published by the World Bank • Which is an aggregate figure that includes different parameters which define the ease of doing business in a country. • It is computed by aggregating the distance to frontier scores of different economies. • The aggregated score becomes the Ease of doing business index. UNNATI P. THAKKAR 115
  • 118. India was placed at 63rd position this time (2019) out of 190 countries marking an improvement of 14 places from its 77th position in 2018. UNNATI P. THAKKAR 118
  • 121. What is the difference between India and New Zealand, which is ranked ONE ? UNNATI P. THAKKAR 121
  • 129. STARTING A BUSINESS: REGULATORY HURDLES IN OPENING A RESTAURANT UNNATI P. THAKKAR 129
  • 136. The following parameters are considered: UNNATI P. THAKKAR 136
  • 138. Following are the indicators considered: 1. Starting a business – Procedures, time, cost and paid-in minimum capital to start a limited liability company 2. Dealing with construction permits – Procedures, time and cost to complete all formalities to build a warehouse and the quality control and safety mechanisms in the construction permitting system 3. Getting electricity – Procedures, time and cost to get connected to the electrical grid, the reliability of the electricity supply and the transparency of tariffs UNNATI P. THAKKAR 138
  • 139. 4. Registering property – Procedures, time and cost to transfer a property and the quality of the land administration system 5. Getting credit – Strength of legal rights index, depth of credit information index 6. Protecting investors – Minority shareholders’ rights in related-party transactions and in corporate governance UNNATI P. THAKKAR 139
  • 140. 7. Paying taxes – Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit 8. Trading across borders – Number of documents, cost and time required to export and import 9. Enforcing contracts – Time and cost to resolve a commercial dispute and the quality of judicial processes 10. Resolving insolvency – Time, cost, outcome and recovery rate for a commercial insolvency and the strength of the legal framework for insolvency. UNNATI P. THAKKAR 140
  • 143. CentralGovt. State Govt. Getting credit Starting a business Protecting Minority investors Dealing with construction permits Paying taxes Getting electricity Trading across borders Registering property Resolving insolvency Enforcing contracts UNNATI P. THAKKAR 143
  • 144. What needs to improve? UNNATI P. THAKKAR 144
  • 145. India has to mainly focus on improving the four parameters- Starting Business, Registering Property, Paying Taxes, and Enforcing Contracts. There are many complex rules and laws that have to be complied with in these areas. There are many regulatory hurdles and cumbersome procedures that need to be simplified in order to encourage more people to start a business here. UNNATI P. THAKKAR 145
  • 146. How reliable is DBR? UNNATI P. THAKKAR 146
  • 147. While the government has highlighted India’s improvement in the ranking, the reliability of the data needs to be discussed. The DBR mentions ve broad limitations as described below. •The data collected is about businesses in the largest business city and this may not be representative of regulation in other parts of the country. In India’s case, the data is collected from both Mumbai & Delhi with more weightage given to Delhi, being the capital. •The data often focus on a specic business form (a limited liability company) of a may not be representative of the regulation on other businesses. •Transactions described in a standardized case scenario refer to a specic set of issues and may not represent the full set of issues that a business encounters. •The measures of time involve an element of judgment by the expert respondents. •The methodology assumes that a business has full information on what is required and does not waste time when completing procedures. In practice, completing a procedure may take longer since the businesses lack information on the procedures. UNNATI P. THAKKAR 147
  • 148. Official Launch of Business: Steps to a Successful Business Launch ◦ Idea testing ◦ Know the market ◦ Understand the future Customer ◦ Establish Cash Resources ◦ Choose the right business structure UNNATI P. THAKKAR 148
  • 149. (1601) 10 Steps में Business का संपूर्ण ज्ञान | Startup Success Formula | Dr Vivek Bindra - YouTube UNNATI P. THAKKAR 149
  • 150. Steps to test your business idea 1. Steps to test your business idea 2. Build a minimum viable product. - the lean startup model is a great way to develop your business or a specific product. 3. Run it by a group of critics - Run it by a group of critics 4. Pinch it to suit your test market. - to college campuses and showed mock-ups of what the product and take the feedback from students invaluable in fine-tuning the original idea. 5. Create a test website with social media tie-ins. 6. Create a test website with social media tie-ins. 7. Adopt an experimentation mindset. 8. Implement design thinking. UNNATI P. THAKKAR 150
  • 151. Know the market – Start – up Research the Market on Google Use Social Media Conduct Surveys Create a Minimum Viable Product (MVP) UNNATI P. THAKKAR 151