Start Up India – An Analysis of the Indian Entrepreneurial Landscape
- The ‘Start up India, Stand-up India’ campaign was announced by the honourable Prime Minister on 15th August, 2015 seeking to provide an impetus to the entrepreneurial landscape of India. One of the key issues highlighted in the Independence Day speech was the need to promote entrepreneurship amongst women, Dalits and tribals.
- As per the 4th MSME Census (2006-07), only 5.2% of the total enterprises in unregistered sector are owned by STs. This figure comes down to 2.9% in the registered sector. The corresponding figures for women owned enterprises are 9.1% and 13.7%
- According to the World Bank’s ‘Doing Business 2014’ report, India is ranked 134 out of 189 countries in the overall ease of doing business which takes into account indicators such as, getting credit, getting electricity, paying taxes and trading across borders, amongst others.
- The supply of credit to the MSME sector in 2012-13 has been short of the total demand by about 59%. The Fourth Census on MSMEs points out that only roughly 5% of total enterprises availed credit from financial institutions.