At least 44 people were killed and injured. Part of the training was reported to have taken place on the Mangla Dam reservoir.
This event was held at Vigyan Bhawan on Saturday.
Prime minster Narendra Modi was very keen to introduce the Startup India, Standup India initiative in order to make the youth of the country stand in their own feet and create job opportunities for others. Speak to the initial conference of the entrepreneurs of start-up India, Modi declared an execution plan to advance such ventures that are witnessed as the key for employment generation as well as wealth creation.
Top Points from the Speech of the Prime Minister The Government of India has been supporting farmers by providing them different kinds of loans for their farming practice and even allowing Debt relief on account of the harvested crops.
Previous year PM Modi declared this scheme and said that the Indian youth have to focus on to create jobs and start their own businesses. They have designed in supporting 2. One just needs to fill an online application form. The filling of form through this app reduces the tedious procedure of Registering.
Efforts are currently going on to reduce the time spent in registering procedure of the Startups.
As well a fast system is to be introduced to fill applications for patents for the startups, assured by the Prime Minister Narendra Modi. Prime Minister Modi plans to decrease the attachment of the state governments in the initiatives of startups so that the entrepreneurs are able to enjoy liberty.
No tax will be charged from any startup up to 3 years after its start. A Short Glimpse on the Startup India Standup India Compliance system based on the self certification The purpose of compliance system based on the self certification or authorization is to diminish the regulatory load on the startups.
This process of self-certification will make the startups to work in their own without the fear that somebody will interfere in their business. Hub for Startup India A hub for startup India will be made as the only contact point for the whole startup bionetwork to enable data exchange and to access funding assistance.
Simplifying the process of startup Filling a small form through an app or web portal will make the startup venture to start as soon as possible.
A mobile application will be introduced on 1st April through which new ventures can be registered easily. There will as be a web portal for approvals, registrations and clearances.
Protection of Patents The union government is as well working on an authorized backing for the fast-track patent assessment at less cost. This financial system will have 10, crore rupees to support the new ventures.
The CRF for the startups will assist the flow of project debt from banking system to the start-ups through providing guarantee against any risk. At the moment, the same will be expanded to the investments done by the incubators in the startups. Tax exemption of startups Exemption of income tax to the startups was declared for 3 years.
Startup Carnivals Programs of innovation core for students in five lakh schools. Launching of AIM AIM started to provide a momentum to advancement and encouraging the talents among the common people.
Setting of 35 incubators in different institutions The central government will set up thirty five new incubators in the different national institutes. Setting of seven research parks The central government will be setting up 7 research parks for the startups i.
Promoting entrepreneurship in the field of biotechnology To promote entrepreneurship in the field of biotechnology, the central government is planning to invest good amount of money.
The main aim is to encourage youths of the country to make career in the field of biotechnology entrepreneurship. A board will be available which will assist in filing application for patent. Faster exits will be given for the startups i.
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Under This loan scheme a loan amount of rs 10 Lakhs to Rs Lakhs would be given to SC ST and women entrepreneurs. The startup ecology of India got its full pace soon, as the PM Modi revealed the Action Plan of Startup India Scheme this Saturday and it was done at an invitation only event of the Start Up India, Stand Up India.
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