In May, we reported that Delhi’s neighboring state Haryana had carved out its own draft policy which aims to transform the state into a startup hub by providing support to entrepreneurial talents and new-age innovators present in the state. Now its being reported that the state government is all set to announce the launch of its startup policy at the Digital Haryana Summit that will be held on 15 September.
The announcement of launch will be made in summit which is scheduled to be held on September 15 in Gurgaon. The government had earlier planned to launch the policy in 2015, and then later in 2016. But on both occasions, it suffered unparalleled delays.
Haryana’s start-up policy will be an attempt to make it easier for entrepreneurs to launch and run businesses in the state.
The state government’s IT department has worked with with KPMG and Nasscom on the policy for over two years.
“For a while now, the state government wanted to launch a state policy on the lines of Karnataka. It will be finally be launched in the presence of chief minister Manohar Lal Khattar next month, at the Digital Haryana Summit,” said a senior IT department official of Haryana state govt. “Nasscom has been working with the government on a number of initiatives over the years. The start-up policy will provide anchor support for the state’s entrepreneurs. Nasscom is committed to working with the local ecosystem to strengthen it further,” said Sumit Swarup of Nasscom.
By launching startup policy of its own, Haryana will join the list of several other Indian states that have their own startup policies to encourage entrepreneurship and businesses in their region.
Although most of the startup traction of Haryana is limited to Gurgaon only it is expected that after the announcement of start-up policy the state will push the entrepreneurship in other cities of the state. Gurgaon, on other hand, is set to become an even bigger startup hub than it already is. The fine print of the policy is yet to be made public, but startups are expecting the state government to come up with provisions for cheap finance, easier processes and incentives for industry.
A year back, the state government had also launched collateral-free loan up to Rs 1 crore to startups in the state. However, after almost a year its unclear how many startups got benefited from same