{"id":4142,"date":"2023-03-13T01:16:09","date_gmt":"2023-03-12T19:46:09","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=4142"},"modified":"2025-03-26T22:06:19","modified_gmt":"2025-03-26T16:36:19","slug":"what-is-national-startup-advisory-council-nsac","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-is-national-startup-advisory-council-nsac\/","title":{"rendered":"What is National Startup Advisory Council (NSAC)?"},"content":{"rendered":"<h2><strong>About National Startup Advisory Council:<\/strong><\/h2>\n<ul>\n<li>It was constituted by the \u00a0 Department for Promotion of Industry and Internal Trade (DPIIT) under <strong>the Union Ministry of Commerce and Industry<\/strong>.\n<ul>\n<li><strong>Objective:<\/strong> To advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large-scale employment opportunities.<\/li>\n<li><strong>Composition of the council<\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Chairman:<\/strong> Minister for Commerce &amp; Industry.<\/li>\n<li><strong>Ex-officio Members:<\/strong> Nominees of the concerned Ministries\/Departments\/Organisations not below the rank of Joint Secretary.<\/li>\n<li>Besides the ex-officio members, the council has non-official members, representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India\n<ul>\n<li>NSAC is playing an important role in identifying areas of intervention for the expansion of the startup ecosystem and ideating and nurturing national programs under the Startup India initiative.\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>What is the Startup India initiative?<\/strong><\/h3>\n<ul>\n<li>Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.\u00a0<\/li>\n<li>It was launched in 2016.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3><strong>Q1) Who is an Entrepreneur?<\/strong><\/h3>\n<p>An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/newsonair.gov.in\/News?title=Commerce-%26-Industry-Minister-Piyush-Goyal-to-chair-sixth-meeting-of-National-Startup-Advisory-Council-in-New-Delhi&amp;id=457201\" target=\"_blank\" rel=\"nofollow noopener\"><u>Commerce &amp; Industry Minister Piyush Goyal to chair sixth meeting of National Startup Advisory Council in New Delhi<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Startup Advisory Council aims to advise Government for building a strong ecosystem for startups.<\/p>\n","protected":false},"author":5,"featured_media":4143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4142","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/4142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=4142"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/4142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/4143"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=4142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=4142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=4142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}