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State News

May 21, 2020
9:51PM

UP govt launches ‘Startup Fund’ to encourage youth for entrepreneurship

@sidbiofficial
Uttar Pradesh government has launched the ‘Uttar Pradesh Startup Fund’ to encourage the youth of the state for entrepreneurship. Chief Minister Yogi Adityanath handed over the first installment of 15 crore rupees to Small Industries Development Bank of India (SIDBI) at a function in Lucknow yesterday.

While launching the fund, Chief Minister said that a new start-up policy is need of the hour for agriculture, health, education, and other important sectors so that youth of state could connect with it. He termed the MoU between the state government and SIDBI as a step in this direction, which will further strengthen the possibilities of job creation in state.

He said that a large number of migrant workers had come to the state and that they needed to be given jobs on the basis of their skills. The current emphasis on startups will not only solve their problems but the benefit of their energy and talent will also be provided to the entire country through state.

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