STAND UP INDIA

As informed by the Department of Financial Services, Ministry of Finance, the Stand Up India Scheme was launched by
the Prime Minister on 05th April, 2016 and has been extended up to the year 2025. The objective of the Stand Up India
Scheme is to facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs. 10 lakh and Rs.1 Crore
to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one woman borrower per bank branch for
setting up a green field enterprise in manufacturing, services or trading sector. As on 28.06.2021, a total of 1,16,266
loans amounting to Rs. 26204.49 crore have been extended under the Scheme since inception.
Pursuant to an announcement made by the Finance Minister in the Budget Speech for F.Y.2021-22, the margin money
requirement for loans under the Scheme has been reduced from 'upto 25%' to `upto 15%' and activities allied to
agriculture have been included in the Scheme. Apart from this, no other change is contemplated in the scheme.
Government does not allocate funds for loans under the Stand Up India Scheme. Loans under the Scheme are
extended by SCBs as per commercial parameters, Board approved policies of respective banks and extant RBI
guidelines. An amount of Rs. 500 crore each was however released by Government in FY 2016-17 and FY 2017-18 and
Rs 100 crore in FY 2020-21 towards the corpus of Credit Guarantee Fund for Stand Up India (CGFSI).
The Government has taken various steps towards effective implementation of the Scheme, these, include provision for
submission for online applications by potential borrowers through www.standupmitra.in portal, hand-holding support,
intensive publicity campaign, simplified loan application form, Credit Guarantee Scheme, convergence with State and
Central government Schemes wherever feasible, reduction in margin money and inclusion of activities allied to
agriculture etc.
START UP INDIA

Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime
Minister, Narendra Modi during his speech in 15 August 2015.
The action plan of this initiative is focussing on three areas:
1. Simplification and Handholding.
2. 2.Funding Support and Incentives.
3. 3.Industry-Academia Partnership and Incubation.
An additional area relating to this initiative is to discard restrictive States Government policies within this domain,
such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was
organized by The Department for promotion of industry and internal trade (DPI&IT).
A startup defined as an entity that is headquartered in India, which was opened less than 10 years ago, and has an
annual turnover less than ₹100 crore (US$13 million). Under this initiative, the government has already launched
the I-MADE program, to help Indian entrepreneurs build 10 lakh (1 million) mobile app start-ups, and the MUDRA
Bank's scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate
loans to entrepreneurs from low socioeconomic backgrounds. Initial capital of ₹20,000 crore (equivalent
to ₹240 billion or US$3.2 billion in 2020) has been allocated for this scheme.
Recently Indian Prime Minister announced "India will celebrate January 16 as ‘National Start-up Day.
MAKE IN INDIA

‘Make in India' is an initiative which was launched on 25th September, 2014 to facilitate investment, foster
innovation, build best in class infrastructure, and make India a hub for manufacturing, design, and innovation. It is
one of the unique 'Vocal for Local' initiatives that promoted India's manufacturing domain to the world. The ‘Make
in India’ initiative is not a State/ district/ city / area specific initiative, rather it is being implemented all over the
country.
'Make in India' initiative has significant achievements and presently focuses on 27 sectors under Make in India 2.0.
Department for Promotion of Industry and Internal Trade (DPIIT) is coordinating action plans for 15 manufacturing
sectors, while Department of Commerce is coordinating 12 service sector plans.
The Government of India is making continuous efforts under Investment Facilitation, including financial assistance
to Invest India, for implementation of Make in India action plans to identify potential investors. Support is being
provided to Indian Missions abroad and State Governments for organizing events, summits, road-shows and other
promotional activities to attract investment in the country under the Make in India banner.
Investment Outreach activities are being carried out for enhancing International co-operation for promoting Foreign
Direct Investment (FDI) and to improve Ease of Doing Business (EoDB) in the country. Steps taken to improve Ease
of Doing Business include simplification and rationalization of existing processes. As a result of the measures
taken to improve the country’s investment climate, India jumped to 63rd place in World Bank’s Ease of Doing
Business ranking as per World Bank’s Doing Business Report (DBR) 2020 from a rank of 142 in 2014.
Government has taken various other steps in addition to ongoing schemes to boost domestic and foreign
investments in India. These include improving the Ease of Doing Business, Reduction in Compliance Burden, the
National Infrastructure Pipeline, Reduction in Corporate Tax, Easing liquidity problems of NBFCs and Banks, Policy
measures to boost domestic manufacturing through Public Procurement Orders, Phased Manufacturing
Programme (PMP), Schemes for Production Linked Incentives (PLI) of various Ministries, India Industrial Land
Bank, Industrial Park Rating System etc. With the announcement of PLI Schemes, significant creation of
production, employment, and economic growth is expected over the next 5 years and more.
Besides the above, activities under the initiative are also undertaken through schemes/ programmes, by several
Central Government Ministries/ Departments and various State Governments from time to time. The details of these
measures are not centrally maintained by Department for Promotion of Industry and Internal Trade (DPIIT)
How we can improve the economy?

Economic growth is driven oftentimes by consumer spending and business investment. Tax cuts and rebates are
used to return money to consumers and boost spending. ... Infrastructure spending is designed to create
construction jobs and increase productivity by enabling businesses to operate more efficiently.

Financial literacy is the most basic and critical skill that everyone should have. But in India, talking about finances
at home is not a common practice, many lack the basics of managing money, whether it’s savings, investing,
buying insurance or emergency funds.
The importance of savings and investment is an important value that must be inculcated from early on. This will
help one understand the golden rule of investment- to start early. Being financially literate is one factor that
determines the economic growth of a developing nation like India.
As per a global survey by Standard & Poor’s Financial Services LLC (S&P), India is home to 17.5 per cent of the
world’s population, but nearly 76 per cent of its adult population does not understand even the basic financial
concepts. It will not only help you build wealth for the long term but also protect you and your family in case of
emergencies.