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Department for Promotion of Industry and Internal Trade (DPIIT) recognizes over 50 thousand entities as startups in the last 5 yearsDepartment for Promotion of Industry and Internal Trade (DPIIT) recognizes over 50 thousand entities as startups in the last 5 years

Department for Promotion of Industry and Internal Trade (DPIIT) recognizes over 50 thousand entities as startups in the last 5 years

December 11, 2022

In the last five years (years 2017, 2018, 2019, 2020 and 2021) 59,787 entities were recognised as startups by the DPIIT, Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash said in reply to a parliament question.

Under Startup India Initiative, entities are recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) as startups as per eligibility conditions prescribed under G.S.R. notification 127 (E) dated 19th February, 2019. As on 30th November 2022, 84,102 entities have been recognised as startups by the DPIIT.