With reference to "Start-up questions" (January 18), there is not a single initiative or scheme of the government that is foolproof. Each is bound to have its own flaws, which can be corrected over a period. Yes, the government needs to monitor the progress of this initiative closely. But we need not be too critical at this stage, because the 19-point action plan unveiled by Prime Minister Narendra Modi to boost start-up businesses in India has the potential to take the entrepreneurship game to a different level altogether.
As PM himself has cleared the air by saying start-ups are not only about information technology or e-commerce, he has emphasised on various biotechnology verticals that can be tapped by the initiative. Some of the key features of Start-up and Stand-Up India are the PM asking entrepreneurs what they think the government should not do and a smooth exit policy for the firms which are unable to succeed. Besides, a three-year tax holiday and one-window clearance will give a major boost to start-ups.
Since it is another brainchild of Modi, I am sure all ministries will put their weight behind it and give priority to ease of doing business, faster land clearances, uninterrupted power supply and judicious use of the Rs 10,000-crore corpus. This scheme is all about encouraging the risk taking capacity of our young generation, and giving them all the freedom to think out of the box to create unique products or services to help India become a better nation.
Bal Govind Noida
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