How Many Entities Are Registered Under the ‘Startup’ Category on the BHASKAR Platform?
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Synopsis
Discover how the BHASKAR platform is reshaping the startup landscape in India! With nearly 200,000 entities registered, this initiative aims to enhance collaboration and support innovation. Learn about the government’s outreach efforts and investment commitments that promise to empower the entrepreneurial ecosystem.
Key Takeaways
- 197,932 entities registered under BHASKAR.
- BHASKAR aims to enhance collaboration among startups.
- Financial support through FFS, SISFS, and CGSS.
- Government outreach for small enterprises.
- Partnerships with incubators and accelerators.
New Delhi, Aug 2 (NationPress) The government has revealed that 197,932 entities are currently registered under the ‘startup’ category on the BHASKAR platform as of June 30.
The Bharat Startup Knowledge Access Registry (BHASKAR) fosters collaboration within the entrepreneurial ecosystem, connecting startups and various stakeholders.
Currently, BHASKAR is in its pilot phase, where essential features are being evaluated. These include peer-to-peer interactions, forming partnerships, establishing collaborative engagements, creating unique personalized identifications for different stakeholders, and integrating micro-sites for executing various schemes under ‘Startup India’.
The government is actively conducting outreach and awareness programs for BHASKAR across States/UTs to gauge the needs and experiences of key user stakeholders, including small and micro-enterprises. This was articulated by Minister of State for Commerce and Industry, Jitin Prasada, in a written statement to the Rajya Sabha.
“These initiatives encompass targeted outreach to States/UTs, informational sessions at workshops and events, and dissemination through various social media channels. Collaborations with State Startup Nodal Agencies and other ecosystem partners, such as incubators, accelerators, colleges, and universities, have been instrumental,” the minister highlighted.
Additionally, last week, the government announced a net commitment of Rs 9,994 crore to 141 Alternative Investment Funds (AIFs) under the Fund of Funds for Startups (FFS) scheme as of June 30. This initiative aims to create a robust ecosystem for fostering innovation.
Under the ‘Startup India’ initiative, the government is implementing three flagship schemes: FFS, Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS) to assist startups at various stages of their business journey.
FFS has been designed to stimulate venture capital investments and is managed by the Small Industries Development Bank of India (SIDBI), which provides capital to Securities and Exchange Board of India (SEBI)-registered AIFs that invest in startups. The SISFS offers financial support to seed-stage startups through incubators, with Rs 945 crore approved for 219 selected incubators as of June 30, according to the minister.
Point of View
I observe that the government’s proactive measures in supporting startups through the BHASKAR platform exemplify its commitment to fostering innovation. Such initiatives are crucial for enhancing the entrepreneurial ecosystem in India and addressing the needs of small enterprises, ensuring a balanced and inclusive growth trajectory.
NationPress
05/10/2025
Frequently Asked Questions
What is the BHASKAR platform?
The BHASKAR platform is the Bharat Startup Knowledge Access Registry, aimed at facilitating collaboration within the entrepreneurial ecosystem.
How many entities are registered under the startup category?
As of June 30, 197,932 entities are registered under the startup category on the BHASKAR platform.
What outreach measures is the government implementing for BHASKAR?
The government is conducting targeted outreach, information sessions, and social media propagation to engage key stakeholders involved in the startup ecosystem.
What financial support is available for startups?
The government provides financial assistance through various schemes including the Fund of Funds for Startups, Startup India Seed Fund Scheme, and Credit Guarantee Scheme for Startups.
Who manages the Fund of Funds for Startups?
The Fund of Funds for Startups is managed by the Small Industries Development Bank of India (SIDBI).
