Self-Employment and Talent Utilisation (SETU)
SETU will be a Techno-Financial, Incubation and Facilitation Programme to support all aspects of start-up businesses, and other self-employment activities, particularly in technology-driven areas.
SETU will be a techno-financial, incubation, and facilitation programme to support all facets of new firms and other forms of self-employment, especially in technology-driven fields. Through new businesses, it hopes to generate about 100,000 jobs.
Scheme Benefits & Highlights:
To support the startup ecosystem in the nation and increase the business environment, NITI Aayog is initially setting up INR 1,000 crore for SETU to establish incubation centres and improve skill development.
By providing incubation services and expanding other benefits, this scheme seeks to increase the number of companies and lower the nation's unemployment rate.
This scheme is for aspiring business owners who will be able to receive incubation and other support while starting out.