Uttar Pradesh govt sets aside Rs 4,000 crore as state's start-up corpus

Underscoring the importance of start-ups for employment generation and economic activity, the Uttar Pradesh government is set to inject Rs 4,000 crore into the state’s start-up corpus. The fresh infusion of capital has been made to constitute the maiden ‘UP Innovation Fund’ that will be mandated to provide seed capital to start-ups.

UP chief minister Yogi Adityanath has directed officials to create the fund to cater to the needs of start-up ventures proposed by the state’s youth.
 

“The UP Innovation Fund would promote such start-ups, which are predominantly focussed on the state,” Adityanath said. He added that initial funding was