As of October this year, more than 1.5 lakh firms have been recognised as start-ups.

The government launched the Startup India initiative in January 2016 with an aim to build a strong ecosystem to promote innovation, start-ups and private investments in the country's start-up ecosystem.

Under the Startup India initiative, the government is implementing three major schemes - Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme (CGSS) to support start-ups at various stages.