Startup India initiative created over 560,000 jobs since 2016, says govt

More than Rs 2,500 crore has been disbursed for investments into start-ups

The Startup India initiative has created an estimated 187,004 direct jobs since its inception in 2016, with the number of related indirect jobs taking the total tally to more than 560,000, the government has claimed.

“Start-ups create valuable jobs. 187,004 jobs have been reported by 16,105 Department for Promotion of Industry and Internal Trade (DPIIT)-recognised start-ups, i.e., more than 11 direct jobs per start-up. With each direct job leading to 3x indirect jobs, the total jobs created by these start-ups are estimated at more than 560,000,” Ramesh Abhishek, DPIIT secretary, said on Tuesday.

However, the figures are self-reported by start-ups