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New startup policy with focus to set up 2,000 startups by 2027 launched in J-K

Economic TimesEconomic Times · 11m
New startup policy with focus to set up 2,000 startups by 2027 launched in J-K

Jammu and Kashmir Lieutenant Governor (LG) Manoj Sinha has launched a new startup policy aimed at establishing 2,000 startups in the Union Territory by 2027. The policy, titled 'New Jammu & Kashmir Start-up Policy- 2024-27', will provide patent-related assistance, financial aid, mentorship, and registration facilitation to recognized startups. Sinha invited investors from across the country to explore the potential in Jammu and Kashmir and contribute to its growth. The policy also includes provisions for supporting entrepreneurship among students and women, as well as setting up a Rs 250 crore Venture Capital Fund. The Union Territory currently boasts 722 registered startups, with a focus on gender inclusivity.

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