Narendra Modi goes live on Na Mo app addressing young entrepreneurs in India

Innovate or stagnate: says Indian prime minister Narendra Modi in a live interaction on Na Mo app.

Published: 06th June 2018 04:18 PM  |   Last Updated: 08th September 2018 01:09 PM   |  A+A-

Prime Minister Narendra Modi

Prime Minister Narendra Modi (File | PTI)

NEW DELHI: Prime minister Narendra Modi interacted with innovators and entrepreneurs from across the nation over the Na Mo app on Wednesday.

In his speech of encouragement, he promised that the government is taking several steps to promote young entrepreneurs and it is not confined to big cities. Smaller towns and villages are also emerging as vibrant start-up centres. 

PM Modi said, “We in the Government understand that youngsters may face shortage of funds for their startups. That is why a ‘fund of funds’ has been started by the Government to facilitate more youngsters to innovate and ideate.”

He also said that the Government e-Marketplace (GeM) platform has been linked to startup India. GeM was suggested by the Group of Secretaries and aims to facilitate online procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs.

"We have started an Agriculture Grand Challenge. We invite more youngsters to ideate on how to transform our agriculture sector," he added

Commenting on the issue of funding, Modi said the government has created a Rs 10,000 crore Fund of Funds to facilitate start-ups. 

Easing the process for entrepreneurs the number of forms to be filled has been reduced from 75 to 8. Start-ups have also been exempted from tax for the first three years.

Modi further spoke to school children who were a part of the Atal Tinkering Labs, a government initiative to empower school kids with technology and innovation. 





Stay up to date on all the latest Nation news with The New Indian Express App. Download now
Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.