Start-up India and Stand-up India are both initiatives by the government to usher entrepreneurship in the country. Stand Up India Scheme is to promote entrepreneurship among SC/ST and Women entrepreneurs. Whereas Start Up India scheme is to promote new ventures/initiatives (Making Legal Registration Process Quick)

Salient features of Stand-Up India:

• The scheme will facilitate two entrepreneurial projects on an average one for each category (Women and SC/ST) of entrepreneurs per bank branch.
• The scheme will provide financial aid through SIDBI with an initial amount of Rs 10,000 crore.
• A credit guarantee system would also be implemented under the scheme through the National Credit Guarantee Trustee Company (NCGTC)

Salient features of Start-Up India:

• Single window clearance with modified and more friendly bankruptcy code to ensure 90-day exit window.
• 10,000 crore fund of funds with 80% reduction in patent registration fee.
• Self-certification compliance Innovation hub under Atal Innovation Mission

Question to Consider: 

1. How is startup India different from standup India?
2. What is the purpose of Stand Up India scheme?
3. Discuss the salient features of Start-up India and Stand-up India scheme.