<h1>Government Recognizes 1.4 Lakh Startups Under Startup India Initiative, Offers Support through Various Schemes and Platforms.</h1> The government has recognized over 1.4 lakh startups as of June 30, 2024, under the Startup India initiative, launched in January 2016 to foster innovation and investment. The Department for Promotion of Industry and Internal Trade (DPIIT) oversees this recognition. Several initiatives support startups, including the Startup India Action Plan, Seed Fund Scheme, and Credit Guarantee Scheme. Additional measures include regulatory reforms, tax exemptions, and intellectual property support. The government also promotes international market access and has established platforms like the Startup India Hub and the National Mentorship Portal to facilitate connections within the startup ecosystem.