UP cabinet clears Startup Policy 2020, targets 10,000 new ventures

Recently, UP had created a Rs 1,000 crore Startup Fund managed by Sidbi

Targetting to break into India’s top three start-up-congenial states, the Uttar Pradesh cabinet has cleared the UP Startup Policy 2020 to nurture fresh business ideas.

The state cabinet meeting chaired by chief minister Yogi Adityanath last evening put its seal of approval to the policy, which also aims at setting up 100 incubators covering all the 75 districts in UP. It is expected to generate 150,000 employment and self employment opportunities, including 50,000 direct jobs.

This comes less than 50 days after chief minister Yogi Adityanath had on May 20 launched the UP Startup Fund to be managed by the Small Industries