look news india
Chief Minister Yogi Adityanath’s government has taken a very historic decision towards the goal of making Uttar Pradesh a One Trillion Dollar Economy. UP Cabinet made the state ‘New Startup Policy 2026’ and a new ‘Independent Startup Mission’ Has been given official approval. Under this new policy, the budget ranging from monthly allowance to seed funding has been doubled to make the youth of the state entrepreneurs.
The biggest example of the success of grassroots startups in Uttar Pradesh is Anjali Singh, a resident of Bhulbhulpur, a small village in the capital Lucknow. Anjali had started a small startup named ‘Jute for Life’ on her own with a very modest investment of just Rs 10,000. Today his business has reached an annual turnover of ₹5 crore. Anjali not only achieved success, but in her journey has also made more than 250 rural women of the village self-reliant by providing employment. The UP government has drawn up this new and modern policy to promote talented small entrepreneurs like Anjali.
Bumper increase in allowances and seed funding, now youth will get more money
Under the new policy of the Yogi government, the monthly allowance given as initial help to the startups coming with new ideas will be increased from Rs 17,500 to Rs 17,500. Rs 20,000 per month Has been done. Not only this, this financial assistance is now available for the entire year instead of 1 year. up to 2 years Will be given.
Apart from this, there has also been a big increase in other financial project funds for startups:
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Prototype Grant: Directly increasing it from ₹ 5 lakh ₹10 lakh Has been done.
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Seed Funding: Doubling the initial capital from ₹7.5 lakh ₹15 lakh Has been done.
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Help in special circumstances: This fund for best and innovative startups ₹50 lakh Can be increased up to.
Chief Secretary will take command, special startup fund of ₹ 1000 crore will be created
‘UP Electronics Corporation’ has now been replaced as a fully autonomous body to eliminate red tape and promote startups in Uttar Pradesh. ‘UP Startup Mission’ has been formed. The direct command of this high-level mission will be in the hands of the Chief Secretary of Uttar Pradesh.
Under this new policy for the youth of the state ₹1,000 crore startup fund Has been reserved. Apart from this, cloud reimbursement of up to ₹ 2 lakh will also be given to startups every year to strengthen them technically. Anjali Singh, founder of ‘Jute for Life’, believes that this new policy of the Uttar Pradesh government will prove to be a big boon for the entrepreneurs of rural and small towns.
Big help of up to ₹100 crore to deep-tech and AI
The most special thing about this new policy is that it has made special and big provisions for modern deep-tech areas like Artificial Intelligence (AI), Machine Learning (ML), Robotics, Drone Technology and Aerospace. Big and important projects working in these cutting-edge areas are approved by the government. Patient capital up to ₹100 crore (Long term capital) will be provided.
Special discount for women entrepreneurs, Bundelkhand and Purvanchal
Yogi government has also taken full care of social and regional balance in this policy. Under the new policy, the provisions of special concessions and financial incentives for women entrepreneurs, persons with disabilities, transgender entrepreneurs and economically weaker sections (EWS) have been retained. Apart from this, for the development of backward areas of the state, startups established in Purvanchal and Bundelkhand regions will continue to get additional subsidies and government incentives, so that employment can reach every village. The government’s aim is that these startups should prove to be the strongest backbone in making UP a one trillion dollar economy by the year 2030.