{"id":29533,"date":"2024-09-16T18:26:08","date_gmt":"2024-09-16T12:56:08","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=29533"},"modified":"2024-09-16T18:26:10","modified_gmt":"2024-09-16T12:56:10","slug":"dpiit-to-launch-bhaskar-initiative","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/16-09-2024\/dpiit-to-launch-bhaskar-initiative","title":{"rendered":"DPIIT to launch BHASKAR Initiative"},"content":{"rendered":"\n

Syllabus: GS3\/ Economy<\/strong><\/p>\n\n\n\n

In News<\/strong><\/h2>\n\n\n\n
    \n
  • The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, is set to launch the Bharat Startup Knowledge Access Registry (BHASKAR).<\/strong><\/li>\n<\/ul>\n\n\n\n

    About<\/strong><\/h2>\n\n\n\n
      \n
    • This digital platform is a part of the Startup India program and aims to strengthen India\u2019s startup ecosystem by centralizing resources and enhancing collaboration among startups, investors, mentors, service providers, and government bodies.<\/li>\n\n\n\n
    • To be recognized as a startup under the Startup India initiative, the entity must be a private limited company, LLP, or partnership firm that is less than 10 years old, with an annual turnover not exceeding \u20b9100 crore.<\/li>\n<\/ul>\n\n\n\n

      Key highlights of BHASKAR<\/strong><\/h2>\n\n\n\n
        \n
      • Centralized platform:<\/strong> A one-stop hub for stakeholders to access resources, tools, and knowledge, helping entrepreneurs from ideation to execution.<\/li>\n\n\n\n
      • Networking and collaboration:<\/strong> The platform will facilitate seamless interaction and partnerships within the ecosystem.<\/li>\n\n\n\n
      • Personalized IDs:<\/strong> Each stakeholder will receive a unique BHASKAR ID, enhancing discoverability and tailored experiences.<\/li>\n\n\n\n
      • Global recognition:<\/strong> The initiative will boost India\u2019s reputation as a hub for innovation and encourage cross-border collaborations.<\/li>\n<\/ul>\n\n\n\n

        Significance<\/strong><\/h2>\n\n\n\n
          \n
        • BHASKAR will help unlock the potential of India’s startup ecosystem, fostering innovation, entrepreneurship, and job creation. This initiative aligns with the government’s vision of making India a global leader in innovation and economic growth.<\/li>\n<\/ul>\n\n\n\n

          India\u2019 Startup Ecosystem<\/strong><\/h2>\n\n\n\n
            \n
          • India is the third-largest startup hub globally after the U.S. and China and it has over 1,46,000 recognized startups.<\/li>\n\n\n\n
          • The Department for Promotion of Industry and Internal Trade (DPIIT) recognizes a business as a startup.\u00a0<\/li>\n\n\n\n
          • The adoption of cutting-edge technologies like artificial intelligence (AI), blockchain, and data analytics is helping drive this innovation.<\/li>\n<\/ul>\n\n\n\n

            Government Initiatives for Boosting Startups<\/strong><\/h2>\n\n\n\n
              \n
            • The Startup India initiative, launched in 2016, plays a crucial role in promoting startups by providing benefits like tax exemptions, simplified regulations, and access to funding through Fund of Funds for Startups (FFS).\u00a0<\/li>\n\n\n\n
            • Other initiatives like Atal Innovation Mission (AIM) by NITI Aayog and Make in India Initiative.<\/li>\n<\/ul>\n\n\n\n

              Source: PIB<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

              The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, is set to launch the Bharat Startup Knowledge Access Registry (BHASKAR).<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-29533","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/29533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=29533"}],"version-history":[{"count":1,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/29533\/revisions"}],"predecessor-version":[{"id":29534,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/29533\/revisions\/29534"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=29533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=29533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=29533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}