Current Affairs Government Schemes

Puducherry government unveils start-up policy

Category : Government Schemes

 The Puducherry government unveiled a start-up policy. The policy, launched by Minister for Industries M.O.H.F Shahjahan, aims to create a corpus fund of ?10 crores to support the setting up of start-up incubators and to develop co-working spaces. The department plans to provide a grant of ?3 lakh to projects recommended by incubators established by the government/private sector/academic institutions as a start-up grant. The committee of experts constituted by the government under the Innovation and Entrepreneurship Development Committee will approve of the projects and monitor their progress.
Source: The Hindu

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