The Ministry of Commerce and Industry has taken various initiatives to improve the quality standards of products manufactured under the AatmaNirbhar Bharat Campaign.
The following schemes and steps has been taken by the government in improving the industrial manufacturing sector.
· To provide a major boost to manufacturing, Government has launched the Production Linked Incentive (PLI) Scheme for 13 sectors with an outlay of Rs 1.97 lakh crore over the next five years.
· The Government has taken up Fund of Funds for Startups (FFS) Scheme and Startup India Seed Fund Scheme (SISFS) to uplift the startups in the country. The objectives of Fund of Funds scheme include accelerating innovation-driven entrepreneurship and business creation, mobilizing larger equity-like resources for startups.
· Government e-Marketplace (GeM) is set up for providing an online platform for procurement of common use goods and services by government organizations. Any entity including DPIIT ( Department for Promotion of Industry and Internal Trade) recognized startups can register on GeM as sellers and sell their products and services directly to government entities.
. Startup Runway is developed by GeM in collaboration with DPIIT, which is a unique initiative for promoting entrepreneurship through innovation. It has been developed as a dedicated platform for startups to list their products and services for government procurement with relaxed procurement norms and regulations.
