Government Role in this New Startup Policy
Venture Capital Fund: The government’s Rs. 250 Crore Venture Capital Fund, with an initial infusion of Rs. 25 Crores, provides crucial seed funding to promising startups. This demonstrates their commitment to nurturing innovation and entrepreneurship in the region.
Supportive Ecosystem: The policy facilitates the establishment of incubation centers, seed funding, and additional support for startups working in diverse fields.
New startup policy launched in J&K, focus to set up 2,000 startups by 2027
The newly launched “New Jammu & Kashmir Start-up Policy- 2024-27” signifies a major step forward for J&K. This policy outlines a comprehensive framework to empower aspiring entrepreneurs and propel the region towards becoming a thriving startup hub. Let’s delve deeper into this policy and explore the government’s multifaceted role in its success.
In Short:
- J&K’s new startup policy aims to establish 2,000 startups by 2027.
- The government will set up a Venture Capital Fund of Rs. 250 Crores.
- The policy provides entrepreneurship facilities to students and women.