He also said that while patience was a virtue, it should not stop the youth from coming up with innovative ideas for the benefit of the country and society.
Addressing the students of the Gautam Buddha University in Greater Noida on the occasion of the inaugural programme of the 22nd National Youth Festival, Modi, via video- conferencing, said one had to make the beginning alone and if the person was committed to the path chosen, others would join him.
The prime minister assured them that they would not have to worry abut bank guarantees, loans and a heavy paper work as they would get all the help from the government.
"We will hand-hold you. Then, you are yourself capable of moving ahead," he told the gathering where Uttar Pradesh Chief Minister Yogi Adityanath was also present.
Referring to the Centre's Mudra scheme, Skill India and Startup India funds, Modi said there were enough platforms to help young entrepreneurs think out of the box and begin something new.