A scheme announced by the government last year as a facilitator for supporting start-up businesses has been described as a no-show by a parliamentary panel, which also rapped the Niti Aayog for having
A scheme announced by the government last year as a facilitator for supporting start-up businesses has been described as a no-show by a parliamentary panel, which also rapped the Niti Aayog for having “nothing to show as performance” for the scheme titled self-employment and talent utilisation (Setu) programme.
The observations by the parliamentary panel are significant as they have come at a time when the Narendra Modi-led government has recently announced its ambitious “Stand-Up India” to lend support to start-up businesses and announced a substantial budgetary allocation for them in the Union Budget for 2016-17.
Setu was announced in the Budget for 2015-16 with a corpus of '1,000 crore to be implemented by Niti Aayog. The scheme was positioned as a techno-financial, incubation and facilitation programme to support all aspects of start-up business and other self-employment activity, particularly in technology-driven areas.
In its report pertaining to the ministry of micro, small and medium enterprises, presented in Parliament on Tuesday, the parliamentary standing committee on industry said, “The committee expresses its reservations over the fact that even after passage of one year, Niti Aayog has nothing to show as performance.”
