Ranking of States on support to Startups

Why in news?

• DPIIT published the “Ranking of States on support to Startups ecosystem” report recently.

About the Rankings:

• The Department for Promotion of Industry and Internal Trade (DPIIT) conducted the ranking exercise.
• This is the second edition of the ranking.
• The States’ Startup Ranking Framework 2019 has 7 broad reform area, consisting of 30 action points including:
  • Institutional Support
  • Easing Compliances
  • Relaxation in Public Procurement norms
  • Incubation support
  • Seed Funding Support
  • Venture Funding Support
  • Awareness & Outreach
• A total of 22 States and 3 Union Territories participated in the exercise.
• States and UTs have been divided into two groups.
• While UTs except Delhi and all States in North East India except Assam are placed in Category ‘Y’. All other States and UT of Delhi are in Category ‘X’.
• For the purposes of Ranking, States are classified into 5 Categories: Best Performers, Top Performers, Leaders, Aspiring Leaders and Emerging Startup Ecosystems.

Results:

• Gujarat retained its top rank as the “best performing state” for startups in the country.
•  Karnataka and Kerala were awarded as the “top performers” and were placed next in the rankings.

PRELIMS QUESTION

Consider the following statements regarding “Ranking of states based on support to Startup ecosystem”:
1.It is published by Department for Promotion of Industry and Internal Trade (DPIIT).
2.Gujarat is ranked as the best performer in the rankings.
Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2

Answer to prelims question