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Jammu & Kashmir Introduces Fresh Startup Policy Aiming to Foster 2,000 Startup Ventures by 2027.

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Jammu & Kashmir has unveiled a new startup policy aimed at establishing 2,000 startups by 2027, offering patent assistance, financial aid, and more across various sectors. The Lieutenant Governor, Manoj Sinha, launched the 'New Jammu & Kashmir Start-up Policy- 2024-27' with a focus on fostering entrepreneurship and supporting startups through mentorship, DPIIT registration, and tailored assistance. Sinha encouraged investors to explore opportunities in the region, emphasizing the policy's commitment to creating a vibrant entrepreneurial ecosystem. The policy includes provisions for supporting student and women entrepreneurs and collaborating with government, private, and high net-worth individuals to facilitate startup setup. It also outlines the establishment of a Rs 250 crore Venture Capital Fund to provide financial support and nurture viable business models. Sinha highlighted the role of incubation centers and seed funding in developing innovative products, particularly supporting female entrepreneurs. The policy aims to address sector-specific challenges and capitalize on growth opportunities, leveraging the diverse landscape of startups in the Union Territory. Collaboration with incubators and institutions is emphasized to enhance support and resources for startups.


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