Innovate Now
6 Startups Era Organizing the unorganized Every challenge is an opportunity. A start-up is also an opportunity to meet the challenge of finding solutions to problems. The problems are aplenty for the unorganised employment sector in India. Organising this sector can reap many benefits for the country. We will discuss the unorganised farm and textile sectors in the coming chapters. Let us focus on this chapter on endless possibilities for start-ups in other unorganised sectors. The start-up culture is picking up in India. We can expect a massive transformation in the start-up ecosystem of the country in the next 5 years. The unorganised sector, that still forms the bulk of India’s trade, has immense possibilities for new start-ups. Today, many new ideas don’t move forward as they hit against the realities of lack of resources and infrastructure. Here lies a big possibility in the idea of organising India’s massive unorganised sector. The cab aggregator apps are one such example. Similar models can be emulated in other unorganised sectors as well. Let us first try to understand what is the unorganised sector and its state in the Indian economy. What is the unorganised sector? The National Commission for Enterprises in Unorganised Sector (NCEUS) has defined the unorganised sector based on circumstances and the levels of livelihood. As per this definition, any venture consisting of all unincorporated private enterprises owned by individuals or households engaged in the sale or production of
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