For making the State more conducive for Startups, the State Cabinet of the Uttar Pradesh Government has given its approval to an independent and comprehensive ‘Startup Policy 2020’ on 8th July 2020. Until the Startup Policy 2020, Uttar Pradesh did not have an independent and comprehensive Policy for the Startups in the state, policy for Startups was governed under the- Uttar Pradesh Information Technology and Startup Policy 2017.
The Uttar Pradesh ‘Startup Policy’ was prepared by the State Government with the help of NITI Aayog back in 2018. The Policy got the approval of the State Cabinet on 8th July 2020.
Startup Policy 2020
- From the date of notification by the State Government, the Startup Policy 2020 will be applicable for a period of 5 years.
- The aim will be of the corporatization of more than 10,000 startups across the state in these 5 years.
- For achieving the aim, 100 incubators will be set up across all the 75 districts of the state by making sure at least one incubator in a district has been set up.
- As per Government estimates, this Startup Policy will generate 50,000 direct and 1,00,000 indirect jobs across the state.
- Other Major Goals under the Policy are: To establish the largest incubator of India in the state and also to establish the first dedicated Incubator for the Defence Sector in the country.
Startup Fund
- On 20th May 2020, Chief Minister of Uttar Pradesh Yogi Adityanath had launched the Uttar Pradesh ‘Startup Fund’.
- This Startup Fund will be managed by SIDBI (Small Industries Development Bank of India).
No comments:
Post a Comment