“I believe in youth power, youth power is my strength… Our policies are giving more power to youth strength… The youth of the world are getting amazed by seeing the strength of Indian youth,” PM Modi said from the ramparts of the Red Fort.
Prime Minister Narendra Modi praised the youth of India in a passionate speech delivered from the famous Red Fort, claiming that they were the inspiration behind the country’s quick development. He praised their tenacity and credited it to the government’s constant support as well as a number of initiatives that had pushed India into the third-largest start-up ecosystem in the world. This article explores the innovative programmes the Indian government has started to promote entrepreneurship, encourage innovation, and spark economic growth.
Unleashing the Start-up Revolution:
Prime Minister Modi emphasised India’s major achievements in creating a strong start-up ecosystem with zeal and passion. The government has recognised and supported over 98,000 businesses as startups, backed by a strong framework of incentives, igniting a vast and varied innovation environment. The government’s determination to make India a haven for job creators is demonstrated by the Startup India programme, which was launched in 2016.
A Multifaceted Approach:
Along with streamlining administrative procedures, the Start-up India programme cleared the way for a wide array of support systems. Other helpful programmes, such as the Credit Guarantee Scheme, Startup India Seed Fund Scheme, and Fund of Funds for Firms, have strengthened support at different points in the business cycle aside from tax benefits. Together, these initiatives foster a climate of growth, fostering India’s creativity and development.
Simplifying the Journey:
The Startup India program’s emphasis on streamlining the entrepreneurship path is one of its key features. The programme facilitates legal procedures, speeds up patent applications, and guarantees easier exit and compliance procedures. Additionally, it makes it easier to access lucrative industry expert collaborations, grants, competitions, and innovation laboratories, allowing companies to thrive in a supportive ecosystem.
A Glimpse into the Future:
The long-term approach of Prime Minister Modi includes a firm commitment to making India a developed country by 2047. He sees India as having one of the top three economies in the world and being a strong force. This tremendous undertaking is supported by his steadfast dedication to eliminate corruption, nepotism, and appeasement as well as his deep faith in India’s potential.
PM Modi in his speech said “Analysing the past 75 years, We see absolutely no lack of potential in India! The country known to be ‘Sone ki Chidiya‘ (Golden Bird) can once again stand up. It’s my firm belief that by 2047, India will emerge as a developed country.”
Prime Minister Modi detailed a number of transformative actions while highlighting the government’s relentless efforts towards equitable development. PM Modi claimed that his administration increased funding for the States from ₹30-lakh crore to ₹100-lakh crore, increased allocations for urban local bodies from ₹70,000 crore to ₹3-lakh crore, increased spending on housing for poor by four times from ₹90,000 crore to over ₹4-lakh crore, increased urea subsidy for farmers to ₹10-lakh crore, extended Mudra Yojana benefits of over ₹20-lakh crore and extended financial support of ₹3.5-lakh crore to MSMEs during Covid
The Road Ahead:
India is on the verge of an important journey with the motto “reform, perform, and transform.” Every hope for the country could come true if Prime Minister Modi’s plan to use the “Triveni” of demographics, democracy, and diversity is successful. The nation’s trajectory towards innovation, progress, and worldwide importance is becoming more and more apparent as India’s youth emerges as a powerful force for change, supported by forward-thinking government programmes.
The passionate speech delivered by Prime Minister Narendra Modi from the Red Fort captures the dynamic story of India’s increasing entrepreneurial spirit and unflinching dedication to progress. The Startup India programme, which encapsulates the government’s several efforts, has sparked a transformational journey that is expected to take the country to new heights of creativity and economic development. The youth-led movement is prepared to pen an uplifting tale of empowerment and triumph thanks to its unwavering resolve, unwavering support, and unwavering faith in India’s potential.