J&K administration has framed a new Start-up Policy with an aim to enhance the scope for the youth to get self employed.
Recently LG Manoj Sinha launched ‘New Jammu & Kashmir Start-up Policy- 2024-27’.
New Start-up Policy aims to establish J&K as one of the leading start-up ecosystems by 2027.
He said that policy has been meticulously drafted to establish 2,000 startups in UT by 2027, underscoring our commitment to foster a dynamic entrepreneurial ecosystem.
He further said that it is a giant leap for startups and innovators of Jammu Kashmir. Rs. 250 Crore Venture Capital Fund to be set up, with an initial infusion of Rs. 25 Crores from J&K Administration.
This fund will provide crucial support for growth, early-stage financial handholding and it will encourage growth of viable business models.
He called for collective action to build dynamic economic environment in the UT where business can thrive, investment can prosper and entrepreneurs can actualise their aspirations
New J&K Start-up Policy to establish and empower new incubation centres, seed funding through JKEDI for developing the prototype of innovative products and provide additional support to female entrepreneurs.
Start-up Policy added by Muslim Kashmir on
View all posts by Muslim Kashmir →