Goyal: India now has over 2 lakh recognized startups, record year

• India now hosts over 2 lakh government-recognised startups, with 44,000+ recognised this year, the highest since the Startup India initiative began in 2016.
• Nearly 48% of these startups have at least one woman director/partner, contributing to over 21 lakh direct jobs.
• The Startup India initiative, launched in 2016, offers incentives such as income tax relief to recognised units.
• Over Rs 25,320 crore capital invested by AIFs under the Fund of Funds for Startups Scheme, with Rs 775 crore granted via the Credit Guarantee Scheme.
• More than 16,400 new patent applications were filed by startups this year, and over Rs 585 crore approved under the Startup India Seed Fund Scheme.

Why It Matters: India's startup growth creates jobs and economic opportunities for many.