UP to promote start-up ventures of women, transgender entrepreneurs

The state has created a Rs 1,000 crore start-up fund to be managed by Sidbi

The Uttar Pradesh government will promote start-up ventures of women, transgender and ‘divyangjan’ (differently-abled) entrepreneurs under the new UP Startup Policy 2020 with additional incentives and institutional support.

“This is one of its kind initiatives by any state government in India to bring these communities into the mainstream of the business world through startup ecosystem,” a state government spokesperson said here today.

Under the new Policy, the government is targetting to set up 100 incubators covering all the 75 districts in UP with the goal of generating 150,000 employment and self employment opportunities, including 50,000 direct jobs in the state.

The new Policy