With tax exemptions, benefits and help provided by the government, more and more people are creating a company of their own. The most fascinating thing is that a majority of the startups have young founders and owners, which speaks volumes about the incredible creative minds that India has.
Since they did not have the backing of the government earlier and had to do everything on their own, not many people got into it with all their heart. However, ever since the program started, people are now brave knowing that the government will back them in the process and hence are coming up with new ideas.
People do have ideas but many of them have no clue about starting a company or how to convert that idea into a business venture. People do not have an idea about how to register their company as a startup.