In a bid to further promote the startup eco-system in the state, Punjab Chief Minister Capt Amarinder Singh on Wednesday approved the Punjab Startup Hub, under which a state-of-the-art incubation center is proposed to be set up in Mohali.

The incubation center will be called as 'Startup Hub'.

The Chief Minister also gave the nod to the constitution of a high level committee to draft a proposal for resettlement and rehabilitation of those who would be affected in the process of eviction from panchayati land for setting up of industrial hubs across the state. The committee will comprise Financial Commissioner Revenue, Principal Secretary Rural Development and Panchayats and Principal Secretary Finance.

The directives were issued by the Chief Minster while chairing the maiden meeting of Punjab Industrial and Business Development Board, which has been set up to ensure smooth and effective implementation of the new industrial policy.

Earlier in 2015, the previous state government of Punjab had announced the ₹100 crore fund for startups and small entrepreneurs in the state.

Most recently, the state government, in September, had signed an MoU with Ola to create entrepreneurship opportunities in the state as part of Government’s ‘Apni Gaddi, Apna Rozgar’ scheme.

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.