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Rajasthan Government unveiled Rajasthan Startup Policy 2015

Oct 10, 2015 12:12 IST

Rajasthan Government on 29 September 2015 unveiled the Rajasthan Startup Policy 2015 to galvanize the start-up ecosystem in the state and provide them required sustenance to the entrepreneurial talent. The start-up policy was unveiled by CM Vasundhara Raje during the Rajasthan Startup Fest 2015.

Key features of Policy
• The policy was launched with an aim to establish 50 incubator organizations in next five years.
• It seeks to support and incubate around 500 innovative start-ups from the state and create 100000 square feet of incubation space.
• It will mobilise angel and venture capital of 500 crore rupees for start-ups in the next five years. They will be provided with sustenance allowance of 10000 rupees per month for a year.
• Start-ups will be also provided with marketing assistance of 10 lakh rupees at launch stage

Other Announcements
The State Government also approved the Micro, Small & Medium Enterprises Policy 2015 with an aim to establish new industries, MSME clusters, Khadi, handloom and handicraft development, cheaper loan, assistance for startups to new entrepreneurs, to provide marketing to products, quality improvement and for rehabilitation of sick industries.

The cabinet also cleared Rajasthan Sick Micro & Small Enterprises (Revival and Rehabilitation) Scheme, 2015. The new scheme has been brought for those sick Micro & Small Industries which have been given revival package. Provision has been made for various concessions for public and enterprises.

The Bio-Technology Policy 2015 was also unveiled along with the approval for the amendment in Rajasthan Engineering Service (Building & Road Branch) Rules, 1954. After the amendment now engineers of mechanical and electrical branches along with civil branch could be promoted as Chief Engineer based on seniority.

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