New Delhi: India has the potential to create more than 30 million new women-owned enterprises, KPMG said at the TiE Global Summit 2024. The report further stated that boosting venture capital (VC) funding in women-led startups in India can help in enhancing gender equality. This would also enable women entrepreneurs to expand their businesses, create employment, and contribute to the economy.
“More than 20 per cent of India’s MSME startups were by women-led ventures and 45 per cent of these came from tier II and III cities,” said Akhilesh Tuteja, Client’s and Market Partner, KPMG, at the TiE Global Summit 2024 in Bengaluru.
The report of KPMG stated the ‘democratisation of entrepreneurship in India’ can help generate 150 to 170 million more jobs in the country. Meanwhile, the Union Ministry of Commerce and Industry data states that the government has supported around 1,52,139 startups and half of these now have at least one woman director.
Startup India Action Plan, Startup India, Startup India Seed Fund Scheme, Fund of Funds for Startups (FFS) Scheme, Credit Guarantee Scheme for Startups, Self-Certification under Labour and Environmental laws, Income Tax Exemption for 3 years, Support for Intellectual Property Protection, International Market Access to Indian Startups, National Startup Advisory Council, National Startup Awards, States’ Startup Ranking Framework
The details of various programs under taken by the Government to promote startups across the country are: Startup India Action Plan, Startup India, Startup India Seed Fund Scheme, Fund of Funds for Startups (FFS) Scheme, Credit Guarantee Scheme for Startups, Self-Certification under Labour and Environmental laws, Income Tax Exemption for 3 years, Support for Intellectual Property Protection, International Market Access to Indian Startups, National Startup Advisory Council, National Startup Awards, States’ Startup Ranking Framework and other initiatives.
The State/UT- wise number of DPIIT recognised startups during the past two years viz. 2022 and 2023 are as under:
S.No.
State/UT
2022
2023
1
AndamanandNicobarIslands
9
13
2
AndhraPradesh
381
586
3
ArunachalPradesh
9
17
4
Assam
285
362
5
Bihar
525
812
6
Chandigarh
81
126
7
Chhattisgarh
237
362
8
DadraandNagarHaveliandDamanandDiu
12
11
9
Delhi
2580
3162
10
Goa
107
98
11
Gujarat
2282
3295
12
Haryana
1334
1742
13
HimachalPradesh
120
144
14
JammuandKashmir
170
246
15
Jharkhand
239
337
16
Karnataka
2568
3036
17
Kerala
1078
1296
18
Ladakh
5
5
19
Lakshadweep
0
2
20
MadhyaPradesh
898
1267
21
Maharashtra
4813
5816
22
Manipur
31
26
23
Meghalaya
10
18
24
Mizoram
6
13
25
Nagaland
7
22
26
Odisha
451
620
27
Puducherry
30
43
28
Punjab
294
443
29
Rajasthan
992
1445
30
Sikkim
2
2
31
TamilNadu
1811
2816
32
Telangana
1381
1760
33
Tripura
27
23
34
UttarPradesh
2583
3431
35
Uttarakhand
236
271
36
WestBengal
1002
1174
GrandTotal
26596
34842
KPMG’s report, presented at the TiE Global Summit 2024, highlights India’s potential to generate over 30 million new women-owned enterprises. Increased venture capital funding for women-led startups is crucial for fostering gender equality, job creation, and economic growth. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
