Prime Minister Narendra Modi announced a new campaign 'Start-up India; Stand up India' to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation.PM Modi also promised to do away with the current practice of interview-based selections for low-skilled government jobs.The Prime Minister announced the 'Start-Up India' initiative, which would encourage entrepreneurship among the youth of India.
From the Red Fort, he said each of the 1.25 lakh bank branches should encourage at least one Dalit or Adivasi entrepreneur and at least one woman entrepreneur.
As part of the Skill India and Digital India initiative, the Prime Minister said a package of incentives will be given to manufacturing units for generating jobs.
Modi also questioned the practice of "interviews" for recruitments even at relatively junior levels and asked departments concerned to end this practice at the earliest and promote merit by recruiting only through transparent, online processes.The Prime Minister reiterated his government's resolve to make India a developed nation by 2022, with a house and access to basic services like electricity to all.Talking about the financial inclusive programme Jan Dhan, he said 17 crore bank accounts were opened. Although these were to be zero-balance accounts, people deposited a whopping Rs 20,000 crore in them, reflecting the "richness of India's poor", he added.