Summary
Almost half of the recognised new companies are not just in big cities.
Young people are starting their own ideas and making jobs for others.
The government is helping with a big plan to give jobs to many young people.
Key Points
4 points1
About half of all recognised new businesses are in second‑level and third‑level cities.
2
The country has the third biggest collection of new businesses in the world.
3
The government plan aims to give jobs to about 20 million young people.
4
New workers can get up to 15,000 rupees as a welcome gift.
New Words to Learn
14 wordsstartup
a new company that is just beginning
ecosystem
all the people and places that help businesses grow
entrepreneurship
starting and running a new business
innovation
new ideas or ways of doing things
recognised
officially counted or accepted
Tier‑2 city
a smaller city that is not the biggest in the country
Tier‑3 city
an even smaller city or large town
outlay
the amount of money planned to be spent
crore
ten million (a big number used in India)
incentive
a reward or extra money to encourage something
capacity‑building
helping people learn more skills
civil servant
a person who works for the government
Rozgar Mela
a big fair where people get job letters
mission
a special plan or project
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