Mega state plan to create 25,000 more innovative companies View(s):The Government, in a joint Ministry of National Policies and Economic Affairs and Central Bank initiative, on Thursday announced a massive programme to fund start-ups with the potential of creating 25,000 new innovative companies. As part of the ‘One Million Jobs Programme, an official announcement said potential start-up companies will be offered grants and cheap loans upto Rs. Under this scheme, a new start-up will receive a grant of up to Rs. 10,000 in lieu of initial expenses while the entrepreneur is expected to match this with an equal contribution. The discussion, planned much earlier, comes alongside a national programme announced on Thursday by the government offering cheap loans to the start-up community.

Source: Sunday Times February 11, 2017 19:07 UTC