Monday, January 18, 2021


Himachal sets up venture fund of Rs 10 crore under him start up Yojna

PUNJAB NEWS EXPRESS | December 12, 2020 06:43 PM

SHIMLA: The state government has set up a venture fund of Rs 10 crore under Him Start-
up Yojna to promote and encourage the new entrepreneurs in the state. It was disclosed by
the chief minister Jai Ram Thakur while speaking on the occasion of fourth chapter of the
Himalayan Start Up Track organized by the IIT Mandi through video conference from New
Delhi on Saturday.

He said that the Start Up India was the vision of the prime minister
Narendra Modi which has provided wings to the dreams of entrepreneurs. The programme
has been contributing to the economy of the country.
He said that IIT Mandi is contributing significantly during last four years in this
direction and more than 100 Start ups in the country are getting benefitted through Catalyst
Incubation Programme being executed by IIT Mandi. It is also a matter of great pride that the
prestigious institution ranked 7th on the Entrepreneurship and Startup Index in the country,
he added. He said that state has also been lauded at national level for efforts in this direction.
He said that in order to create self employment opportunities, Mukhyamantri Startup
Yojna has been started and Rs. 25000 per month were being given for a period of one year to
youth coming up with innovative ideas under the programme besides providing a grant of
maximum ten lakhs for executing, implementing and marketing the idea. He added that Rs.
two lakh financial assistance for filing patent of start up at national level and Rs. 10 lakh for
doing it at international level is being provided to the entrepreneurs.
The programme is providing great boost to talented youth who are exploring self
employment ventures, he added. The scheme has a provision of creating awareness under
various sectors by setting up of incubation centres in prestigious institutions of state like IIT
Mandi, NIT Hamirpur, various government and private universities in the state. He said that
an assistance of Rs. 30 lakhs for three years through these centres were being provided and
added that out of received 818 applications, Incubation Centres have selected 132 Start ups
and out of them 54 have been completed. He added that 78 Startups are in Incubation
whereas 30 Startups are ready.
Chief Minister stressed upon developing technology and strengthening the existing
technology as it is the backbone of development and growth . He said that it is due to
technological advancement that we are able to carry out our activities through virtual mode
amidst the challenges posed by Covid. He said that we are seeing the results of Digital India
in our lives today and thanked the vision of our Prime Minister.
Industries Minister Bikram Singh said that state government is encouraging
entrepreneurship on a big scale. He thanked the Chief Minister for setting up of Venture Fund
of Rs. 10 crore and starting various innovative schemes for creating self employment avenues
for youth. He detailed out various incentives being given to entrepreneurs in the state.
Director IIT Mandi A. K.  Chaturvedi welcomed the Chief Minister.

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