The state government will also stand guarantee for a part of the loans issued to the start-up units. Photo: HTMumbai: The Maharashtra state cabinet on Wednesday approved a Maharashtra State Innovation and Start-Up Policy, targeting an investment of Rs5,000 crore in the start-up space by 2022 and creating 500,000 direct and indirect jobs. An industry department official said the policy targets setting of at least 15 incubation centres for start-ups in the state. ft of incubation space in the state over a period of five years,” he said. The policy provides for government facilitation in incentivizing private equity funds to support the start-up sector.

Source: Mint January 17, 2018 18:45 UTC