Economic Times ( 22 June 2016 ) , carries a report ,
which says :
# In last 5
months , since launch of Start Up India initiative , only 200
applications have been received
# Of these ,
only 30
got
" short-listed "
# Of these 30 ,
only ONE got approved
!
Not surprising if you consider the "
ELIGIBILITY CRITERIA " laid down
for approval ( see my blog below ) !
The news report goes on to list a few " measures
" that DIPP is planning to take to encourage many more Start Ups to come
forward and apply
These are unlikely to make much of an impact !
It is not yet too late to consider my following blog /
suggestion :
------------------------------------------------------------------------------------------------------------------------------
Wednesday, 20
January 2016
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
No doubt , you have read the " DEFINITION of a START UP
" in the " Start Up Action Plan Document "
I have tried to envisage below, how that might look on that
Mobile App for Registration :
* Is yours a Private Ltd Co / LLP /
Partnership ?........................................... Yes
/ No
* Is your Company more than 5 years old
?....................................................Yes / No
* Is your Start Up formed by splitting an existing
business ?............................ Yes / No
* In last 5 yrs, has your turnover exceeded Rs 25
Crores ?............................. Yes / No
* Is your product/service " DIFFERENTIATED
" ?............................................ Yes / No
* Is your product / service " COMMERCIAL
" ?............................................... Yes /
No
* Is your product / service " INNOVATIVE "
?................................................ Yes / No
* Is your product / service driven by ,
" TECHNOLOGY / INTELLECTUAL
PROPERTY " ? ............................................Yes /
No
* Is your product/service ,
" NEW / SIGNIFICANTLY IMPROVED "
version " ?.................... ...................... Yes /
No
* Does your product/service add " VALUE " to
customers ?................................ Yes / No
* Does your product/service add " VALUE " to
" WORKFLOW " ?......................... Yes / No
* Have you got certification from Inter-Ministerial
Board ?................................ Yes
/ No
* Have you got recommendation from Incubator in Post Grad
Indian College ?....... Yes / No
MY TAKE :
# Each year 12 million persons join India's work force
# Of these , 3.5 million are Graduates
# Rest ( 8.5 million ) are 10th / 12th Standard pass or
less
# No more than 1,000 persons will fulfill above mentioned " ELIGIBILITY CRITERIA " for Start
Up
# There will be endless debates on the correct meaning of
words in CAPITAL letters above !
WHY SUCH
STRINGENT " ELIGIBILITY CRITERIA " ?
# At Rs 2.5 cr loan per Start Up, Govt Fund of Rs 2500 Cr
can help only 1,000 Start Ups !
# Any relaxation in " Eligibility Criteria " ,
may result in MILLIONs of persons queue-up !
WHAT IS THE
IMPLICATION ?
# Funds are just insufficient to help 12 million persons
to become " Self Employed "
MY SUGGESTION :
In India , we are talking of getting " Unemployed " to
launch " Start Ups "
Anywhere between 100 million to 400 million " Unemployed
" for whom neither Public Sector nor Private Sector , is in any position
to create jobs
We want them to become " Self Employed " - what Shri
Narendra Modi described in USA , as our " PERSONAL SECTOR "
They are unlikely to launch technology driven , Web-based
businesses , even if their businesses require them to have a Smart phone , on
which , their customers can reach them !
They aspire to become ( list can run into 200 trades ! ) :
* Street-side Vendors ( Vegetables / Shoes / Purses /
Fruits / Trinkets )
* Craftsmen ( Plumber / Electrician / Carpenter /
Repairer )
* Dhobi / Barber / Pan Beedi shop-owner / Tailor / Mochi
* Doodh-wala / Ruddi Paper-wala / Gajra-wala / Delivery
Boy
* Cook / Maid / Courier / Tuition Teacher / Beautician /
Taxi Driver
* Home-cooked Tiffin Service / Car wash /
Gardening ......
How can we help millions of JOBLESS to set up such
MICRO - BUSINESSES ?
By Government ( Central / State / Municipal ) getting out of
their way !
HOW ?
* No licenses / permits / approvals / conditions /
criteria
* Simple online registration on proposed Web site of DIPP
for Start Ups
* No personal Income tax for Individuals
* No Corporate Income tax for Start Ups for 10 years ( no
chance of profit in first 3 years )
* Amnesty Scheme for enabling Rs 10 million*crores of
BLACK MONEY to flow into such
Self Employment
It is still not too late for our Policy Makers will think
" Out of Box " and implement :
www.hemenparekh.in > Blogs > A New Economic Order - Start
Up Act - 2015
Anything less just won't make much of a difference !
-------------------------------------------------------------------------------------------------------------------------
26 June 2016
www.hemenparekh.in / blogs
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