Startup India is a flagship initiative of the Government of India, intended to catalyze startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Launched on 16th January, 2016, the Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers.

The MSME Atmanirbhar Loan Scheme is announced to support businesses amidst unprecedented financial distress caused due to COVID-19. The loan will provide credit cushion to businesses in meeting their operational liabilities and restart their operations after the lockdown.