The Government, with the objective of building a strong ecosystem for nurturing innovation, start-ups and encouraging investments in the startup ecosystem of the country, launched the Startup India initiative on16^thJanuary2016.

As per eligibility conditions prescribed under G.S.R. notification 127 (E) dated19th February 2019, entities are recognized as ‘startups’ under the startup India initiative by the Department for Promotion of Industry and Internal Trade (DPIIT). As on 30^thJune2024,DPIIT has recognized 1,40,803 entities as startups. Since the launch of Startup India initiative in 2016, the recognised startups have reportedly created over15.53lakh direct jobs.

The year-wise number of direct jobs (self-reported) created by DPIIT-recognised startups as on 30^thJune2024are provided below:

Year	Number of Direct Jobs Created by DPIIT Recognised Startups
2016	306
2017	51,980
2018	1,00,646
2019	1,63,463
2020	1,81,404
2021	2,10,545
2022	2,74,685
2023	3,91,943
2024*	1,78,316
Total*	15,53,288

 

*As on 30^th   June 2024

This information has been provided by the Union Minister of State for Commerce and Industry, Shri Jitin Prasada in a written reply in the Lok Sabha today.

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DPIIT recognition for startups links administrative eligibility to reported direct job creation by recognized entities. Recognition under the Startup India initiative follows eligibility in G.S.R. notification 127(E) dated 19 February 2019; as of 30 June 2024, 1,40,803 entities are recognized. DPIIT-recognized startups have self-reported cumulative direct employment of 15,53,288 jobs through year-wise reporting from 2016 to 2024, reflecting reported job creation within the recognized cohort.