Puducherry government unveils start-up policy

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.

Static/Current Takeaways Important For IBPS SO 2019:

  • Lt. Governors Puducherry: Dr Kiran Bedi.

Source: The Hindu

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