National Start-up Advisory Council

  • August 17, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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National Start-up Advisory Council

Subject: Economy

Context :  Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri PiyushGoyal chaired the virtual meeting of  “National Startup Advisory Council here today.

Concept:

  • National Start-up Advisory Council is constituted by the ‘Department for Promotion of Industry and Internal Trade (DPIIT).
  • Its role is to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and start-ups in the country to drive sustainable economic growth and generate large scale employment opportunities.
  • NSAC will nurture Start-ups to aim for higher Competitiveness & make India the Start-up Capital
  • The National Start-up Advisory Council will be chaired by the Minster for Commerce & Industry.
  • The Council will consist of the non-official members, to be nominated by the Central Government.
  • The nominees of the concerned Ministries/Departments/Organisations, not below the rank of Joint Secretary to the Government of India, will be ex-officio members of the Council
economy National Start-up Advisory Council