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Abstract
The economic survey of India, 2015-16 highlights that there are more than 19,000 startups in India. It is growing day by day and becomes the most prominent tech startup hub in the world. The government has initiated many schemes to boost entrepreneurship with a view to eradicate the unemployment problem in India. The present government under the headship of Prime Minister Narendra Modi launched the startup India program in the year 2016 to support and nourish the entrepreneurship across the country. The main aim of the scheme is to increase the employment rate, wealth creation and to bring innovation in the products and services. The most highlighting feature of this scheme is tax exemption, which can help immensely and furthering their business. For availing the benefits of the Startup India scheme the entity must be recognized by the Department for promotion of Industry and Internal Trade (DPIIT). In this backdrop, this article highlights the benefits of the Startup India Scheme and other financial assistance to entrepreneurs to fuel their growth.