Measures for promoting entrepreneurship from "summary" of Oswaal NCERT One For All for UPSC & State PSC's Indian Economy Classes-9 to 12 (Old & New NCERT Edition) (For 2023 Exam) by Oswaal Editorial Board
Entrepreneurship plays a crucial role in the economic development of a country. It is considered as the backbone of a vibrant economy as it leads to job creation, innovation, and overall growth. To promote entrepreneurship, various measures can be undertaken by the government and other stakeholders. One of the key measures for promoting entrepreneurship is providing easy access to finance. Lack of capital is often cited as a major hurdle for aspiring entrepreneurs. Therefore, schemes such as Mudra Yojana and Stand-up India have been launched to provide financial assistance to small and medium enterprises. Another important measure is the simplification of regulatory procedures. Complex regulations and bureaucratic red tape can discourage individuals from starting their own business...
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