INDORE: Prime Minister Narendra Modi on Friday launched the Madhya Pradesh authorities’s Begin-Up Coverage 2022 and a start-up portal by means of video hyperlink within the presence of younger entrepreneurs right here.
Underneath the brand new coverage, start-ups would get subsidies in the direction of hire and salaries of staff.
Modi additionally interacted with a couple of entrepreneurs on this event to find out about their start-ups, and suggested them about how they might profit individuals.
In 2014, there have been 300 to 400 start-ups within the nation, however in eight years their quantity rose and now there are 70,000 recognised start-ups, the prime minister mentioned.
Chief Minister Shivraj Singh Chouhan additionally spoke on the operate in Indore.
Underneath the brand new coverage, the state authorities will give subsidy to start-ups in the direction of hire for the office, salaries and product patents. There can even be a quota for start-ups in authorities purchases, an official mentioned.
If a start-up is working from a rented place, Rs 5,000 monthly can be paid for hire. It’ll additionally get Rs 5,000 monthly per head for wage of as much as 25 staff, the official added.