To give a fillip to Prime Ministers
vision of Startup India, the state government launched Start-up
Chhattisgarh initiative here to foster entrepreneurship and promote innovation.
vision of Startup India, the state government launched Start-up
Chhattisgarh initiative here to foster entrepreneurship and promote innovation.
Youths have no dearth of ideas. Lots
of creative ideas take shape in their mind. They should convert them into
business ideas according to the need of market to provide facilities to people
at lower rates in a convenient manner,” Chief Minister Raman Singh said
after the event.
of creative ideas take shape in their mind. They should convert them into
business ideas according to the need of market to provide facilities to people
at lower rates in a convenient manner,” Chief Minister Raman Singh said
after the event.
“They need to be fearless to
bring their ideas into commercial products,” he said.
bring their ideas into commercial products,” he said.
The function was held at Shri Shankaracharya Institute of
Professional Management & Technology in Sejbahar area, which was
attended by a large number of entrepreneurs and youths.
Professional Management & Technology in Sejbahar area, which was
attended by a large number of entrepreneurs and youths.
As part of the initiative, 14 special camps will be set
up in Chhattisgarh, which would be used as a platform to present ideas and the
best out of them would be selected for incubation, he said.
up in Chhattisgarh, which would be used as a platform to present ideas and the
best out of them would be selected for incubation, he said.
“At least 3000 ideas would be collected through
these camps and in the first phase, 36 start-up units selected of these ideas
will be developed in next four months,” the CM said.
these camps and in the first phase, 36 start-up units selected of these ideas
will be developed in next four months,” the CM said.
Singh also announced a slew of measures to nurture and
support start-ups.
support start-ups.
“First 36 start-ups established in the state
would be reimbursed (with) all state govt taxes paid by them for first three
years. Apart from this, assistance will be given in preparing the
project report, quality certifications, technical patent costs,” he
said.
would be reimbursed (with) all state govt taxes paid by them for first three
years. Apart from this, assistance will be given in preparing the
project report, quality certifications, technical patent costs,” he
said.
While the MSMEs (micro, small and medium enterprises)
startups shall be eligible for 60% subsidy on land premium in government
industrial parks, all start-ups shall be given facility to do
self-certifications for various state laws, Singh added.
startups shall be eligible for 60% subsidy on land premium in government
industrial parks, all start-ups shall be given facility to do
self-certifications for various state laws, Singh added.
The CM said subsidy of 75 per cent would be given on term
loan up to Rs 70 lakh for six years.
loan up to Rs 70 lakh for six years.
He also announced the fixed capital subsidy of
35-40% up to Rs 3.5 crore, electricity duty exemption for 10 years
and stamp duty exemption for land purchase or lease.
35-40% up to Rs 3.5 crore, electricity duty exemption for 10 years
and stamp duty exemption for land purchase or lease.
(Courtesy: PTI)
