Startup Jharkhand to get Rs 50 cr from state govt as a part of Startup India campaign

On the pattern of Central government's Startup India campaign, the Jharkhand government has introduced Start-Up Jharkhand , earmarking Rs 50 crore to encourage entrepreneurs in different sectors, Chief Minister Raghubar Das said at a meeting at Ranchi.

Innovation and Incubation Centres were being set up at a cost of Rs 10 crore and entrepreneurs were being encouraged in the sectors like Information Technology, Health, Tourism, Agriculture, Biotechnology and alternative energy, he said, adding an innovation lab would also be set up with the help of IIM Ahmedabad.

Also read : Jharkhand to focus on IT growth and entrepreneurship

Informing this at the Think India 2016 Convention , Das said a policy on Startup Jharkhand would be coming up soon. Think India has been hosting National level convention every year – a conglomerate gathering of students, researchers, faculty members, alumni of finest of institutes of India and social icons from various walks of life. Some of the premiere institutions like IISc Bengaluru, IIM Ahmedabad has been the host for this pan India convention since its inception.

This year’s convention was held at Ranchi. This convention envisages deliberation on the research environment and plans to hold interactions with innovators and young startup geeks along with thematic sessions how well do we understand India in this 21st century, while meeting the real life role models who have been contributing at the grass root levels of the society.

On the lines of the Startup India campaign which is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start ups with jobs creation. The campaign was first announced by Prime Minister Narendra Modi in his 15th August, address from the Red Fort. It is focused on to restrict role of States in policy domain and to get rid of "license raj" and hindrances like in land permissions, foreign investment proposal, environmental clearances. It was organized by Department of Industrial Policy and Promotion (DIPP)