Addressing the nation from the ramparts of the Red Fort on the occasion of India's 69th Independence Day, the Prime Minister Narendra Modi announced the "Start-Up India" initiative, which would encourage entrepreneurship among the youth of India.
He said each of the 1.25 lakh bank branches, should encourage at least one Dalit or Adivasi entrepreneur, and at least one woman entrepreneur. "Start-Up India, Stand-Up India".
Commenting on PM's initiative, FICCI President, Jyotsna Suri said, "Prime Minister's announcements on Start-up India Stand up India and for providing employment linked incentives to industry are welcome steps as these will boost entrepreneurship and create the much needed employment opportunities for our nation's youth.
"Creating a few million entrepreneurs across the country will not only create many more million jobs but also provide livelihood opportunities for the poor in remote corners of the country. Strengthening merit based employment eco-system by doing away of interviews for low-end jobs is a step in the right direction, inculcating a sense of confidence and empowerment for all citizens", said Suri.