Himachal Chief Minister Jai Ram Thakur on Saturday said that 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 of the state.
The Chief Minister was speaking at the fourth chapter of the Himalayan Start up Track organised by IIT Mandi through video conference from New Delhi.
He said that Start Up India was the vision of Prime Minister Narendra Modi which has given wings to the dreams of entrepreneurs and the programme is contributing to the economy of the country.
Thakur said that IIT Mandi has contributed significantly during the 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 the state has also been lauded at national level for efforts in this direction.
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 said.
The 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-19.
Industries Minister Bikram Singh said that the State Government is encouraging entrepreneurship on a big scale. He thanked the Chief Minister for setting up a Venture Fund of Rs. 10 crore and starting various innovative schemes for creating self employment avenues for youth.