---
title: "Which union ministry has launched the Start-up-India ranking framework?"  
description: "Which union ministry has launched the Start-up-India ranking framework?"  
author: "Ranbir Sharma"  
published: 2018-03-11  
canonical: https://answers.mindstick.com/qa/39347/which-union-ministry-has-launched-the-start-up-india-ranking-framework  
category: "current affair"  
tags: ["current affair"]  
reading_time: 2 minutes  

---

# Which union ministry has launched the Start-up-India ranking framework?

Which union [ministry has launched](https://answers.mindstick.com/qa/34111/which-union-ministry-has-launched-stree-swabhiman-initiative) the Start-up-[India](https://www.mindstick.com/articles/336618/top-10-electric-bicycles-in-india-in-2024-to-improve-your-health) [ranking](https://www.mindstick.com/articles/339372/10-tips-to-boost-your-local-search-rankings) [framework](https://www.mindstick.com/blog/12/dot-net-framework)?\
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## Answers

### Answer by UTKARSHA SINGHROUL

In **New Delhi “The [Union Ministry](https://answers.mindstick.com/qa/72379/which-union-ministry-has-instituted-the-vayoshreshtha-samman-2019) of Commerce and Industry” has launched the ‘Start-up-India’ ranking framework on January 16, 2016.**

![Which union ministry has launched the Start-up-India ranking framework?](https://answers.mindstick.com/questionanswer/2e869804-5900-4646-b538-5dfd1e06ca28/images/4e5b1f29-4fb7-4d56-ab21-1966b4bc04f1.jpeg)\
It is an initiative to **promote Start-up and drive [Economic Growth](https://answers.mindstick.com/qa/30818/what-is-economic-growth) of the Country**. The Start-up-India ranking framework was introduced **by ‘Suresh Prabhu’**. He said, India is a home for about 20,000 Startups, and 1,400 startups beginning every year. It will also improve the innovation in [technologies](https://yourviews.mindstick.com/view/250/technology-making-us-more-alone) as well as the generation of [employment](https://answers.mindstick.com/qa/45350/who-is-the-minister-of-labour-employment-independent-charge-ministry) every year in the many States of India. The government is taking measures to encourage and help the startups to establish themselves in the market in a proper manner. There are many States as well as Union Territories in India which focus towards promoting startup [environment](https://yourviews.mindstick.com/view/308/need-to-create-a-supportive-work-environment-for-women) and have ease for business to start their new venture. The Start-up-India ranking framework is following the **three tools i.e. The State and [Union Territory](https://answers.mindstick.com/qa/34021/in-india-which-state-or-union-territory-has-french-as-an-official-language) Startup Ranking Framework, the Compendium of Good Practices for Promoting Start-ups in India, and the Startup India Kit**. The main objective of Start-up India is to **encourage States and Union Territories to take proper steps to promote and strengthen the Startup ecosystem at the local level in the whole country**. The Key points followed by the Start-up-India framework is to, provide 10,000 Crore amount for the start-ups as the funding pool. It will promote India as a Start-up hub across the world. It will also encourage entrepreneurship within the Country. **The startups don’t have to pay the tax for the 3 years from the date of commencement. The increase in the number of Start-ups will create an [Innovative](https://answers.mindstick.com/qa/34638/why-is-apple-the-world-s-most-innovative-company) hub in the Atal Innovation Mission.** The Start-up-India has been **categorized into 7 areas of intervention which includes, Seed Funding, Incubation Support, Angel & Venture Funding, Startup policy & Implementation, Simplified Regulation, Easing Public Procurement.**


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