Key Points
In a keynote address at the India Today Conclave in the national capital on Saturday, PM Modi said, "Whenever I come to a conclave like this, those in the audience expect me to say things that will make loads of headlines..
He said there are an estimated 1.25 lakh registered startups in India and the most remarkable feature about them is that they are spread evenly across 600 districts of the country...
The aspect that stands out is that these startups are distributed evenly in more than 600 districts, which account for 90 per cent of the country's geographical expanse," PM Modi said.. Seeking to dispel the notion that startups in India are largely based in Bengaluru, a city known as the country's IT capital, PM Modi said the even distribution of the startup ecosystem is a pointer to the fact that smalltown youths are driving the country's startup boom...
In a veiled swipe at the Congress, PM Modi said, "A political party, which seldom found it worthwhile earlier to even speak of startups, is forced to talk about them today."..
Expanding on the Centre's flagship MUDRA Yojana, under which loans up to Rs 10 lakh are provided by banks to non-corporate, non-farm small or micro-enterprises, PM Modi said the scheme has opened up newer avenues of self-employment in the country and youths, who previously had nothing to mortgage, can now avail cheap credit facilities easily...
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