Explanation:

Rajasthan has emerged as one of the ‘Aspiring Leaders’ of the Indian startup ecosystem, as per the States’ Startup Ranking 2021.

The States’ Startup Ranking 2021, the third edition of the rankings after being introduced in 2018 was announced by the Union Minister of Commerce and Industry.

The States’ Startup Ranking is annual report, presented by the Department for Promotion of Industry and Internal Trade (DPIIT), ranking the country’s states and UTs according to their startup ecosystems.

The report scores a state on a scale of 100 with 26 action points such as funding, mentorship and institutional support. The positions have been awarded based on the percentile a state achieved within these action points.

Chhattisgarh, Delhi, Madhya Pradesh and Rajasthan were declared as Aspiring Leaders among Category A.

Category A contained the states and UTs with a population of more than 10 million, while Category B contained the states and UTs with a population of less than 10 million.

According to the States’ Startup Ranking 2021 report, Rajasthan participated in all 26 action points under the Startup Ranking Framework 2020.

In terms of institutional support, Rajasthan scored the 34th percentile, while in terms of incubation, mentorship and funding support, the state scored zero.

On the other hand, the capacity building of enablers parameter saw India’s largest state by land area score in the 80th percentile. Rajasthan scored 9th percentile and 5th percentile in access to market and fostering innovation and entrepreneurship, respectively.

According to DPIIT, Rajasthan has 5+ incubators and 300+ registered startups, with the funding support of more than INR 2.5 Crore.

The state has more than 50 women-led startups and more than 10 registered startup mentors. The state introduced the Rajasthan Startup policy in 2015 to further the spirit of entrepreneurship.