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These days, we hear a lot about startups being launched. It could be in the field of technology, health care, food, virtual
reality, or something else.
Let us learn more about startups:
• Startups can be launched with a small amount of capital. Many startups succeed by focusing on ideas that incorporate
technology or deliver technology-driven solutions. Many businesses like Swiggy and Zomato, for example, have
begun to offer online food delivery.
• They collaborate with food service providers or
restaurants to aid with home delivery of food using a
comprehensive app.
• Startups and small businesses differ in their approach
to financial investment. Startups generally turn to
angel investors or venture capital firms for capital,
whereas small businesses typically use loans and
grants. A significant number of Indian startups have
obtained funding from global investors.
• Startups are built on innovative ideas. At the same
time, they prefer to receive advice and mentoring
from an expert. Most company founders join numerous
groups on a local and worldwide scale to receive ongoing help from experienced mentors and investors. The
Government of India's flagship initiative, ‘Startup India,’ aims to create an ecosystem for the growth of startup
businesses.
• The Indian states have developed startup policies. If they meet the criteria, new businesses in India
can benefit from regulatory and tax perks, capital gain exemption, and access to government funding
under this scheme. (For more information on Startups, visit (http://www.startupindia.gov.in/).

4.7 BARRIERS TO ENTREPRENEURSHIP

Entrepreneurs confront numerous obstacles on their journey to success. There are several barriers that can prohibit one
from pursuing one's passion for entrepreneurship, whether it is lack of education or lack of financing. Here are few of
the most prevalent barriers.

4.7.1 Environmental Barriers
Environmental factors are one of the most significant roadblocks for businesses. There might be a variety of environmental
influences. The following are the most common ones:

Inadequate resources Inadequate skilled Inadequate machinery Inadequate monetary
or raw materials labour and other infrastructure resources on time

These obstacles are easily solved by thoroughly researching the market prior to making a business decision. Such
roadblocks can be overcome via research, market surveys, and mentorship. The Indian government has devised a
number of programmes to assist small business owners in obtaining finance. Among them are the following:

• Mudra Yojana of the Government of India — https://www.mudra.org.in/

• Credit Guarantee Scheme — https://www.cgtmse.in/

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