The central government has announced that over 1.5 lakh enterprises have been recognized as startups as of October this year.

With the objective of building a robust ecosystem to promote innovation, startups, and private investments within the country's startup ecosystem, the government launched the Startup India Initiative in January 2016.

Under the Startup India Initiative, the government has implemented three major schemes to support startups at various stages of their journey: the Fund of Funds for Startups (FFS), the Startup India Seed Fund Scheme (SISFS), and the Credit Guarantee Scheme (CGSS).