Start out-ups produced 4.7 lakh work opportunities until December

diagram: Economic Survey 2021: Start-ups created 4.7 lakh jobs till December

© Priyanka Sahay
Economic Survey 2021: Start off-ups created 4.7 lakh careers till December

Much more than 4.7 lakh work opportunities have been documented by startups in the country till December 2020, the government’s yearly pre-spending budget Financial Survey stated on January 29.

The govt recognised 41,061 startups out of which close to 39,000 startups produced these occupation opportunities. The survey did not specify the names of the organizations or sectors that described these jobs.

It said the nation is now house to 38 unicorns, with at the very least 12 startups receiving additional to the record previous 12 months. The US and China have 243 and 227 businesses that are truly worth far more than a billion greenback.

The study also mentioned SIDBI committed Rs 4,326.95 crore to 60 SEBI registered Alternative Financial investment Resources (AIFs) from the fund of cash for startups (FFS) which has a corpus of Rs. 10,000 crores, as of December 1.

These money have raised a corpus fund of Rs 31,598 crores. A sum of Rs 1,270.46 crores have been drawn from the FFS and Rs 4,509.16 crores have been invested into 384 startups

The fund of resources was introduced by the governing administration as component of its Startup India Motion Approach in 2016.

In accordance to the study, the govt has taken multiple actions to advertise startups in the country. For occasion, until November 2020,  319 startups had been also granted cash flow tax exemptions.