The Rajasthan government’s iStart scheme is going to be a plus point for start-ups in the state. Rajasthan has been one of the leading states in the country to start the start-up programme.
The state government created a web portal that serves as a one-stop shop for all start-up policy promotions. The goal of iStart Rajasthan is to encourage innovation, create jobs, and facilitate investment in the state.
According to senior officials, “iStart Rajasthan is the main programme of the state government to promote innovation, generate employment and facilitate investment in the state. So far, there are over 3,110 registrations and more than 2,100 approved start-ups are associated with this.”
Further, more than 22,800 jobs have been created through these start-ups and around Rs 267 crore has been invested and including the state government’s financing, he said.
After focusing on the nature of start-ups, the state government is providing Rs 20,000 per month for one year in the prototype phase as a subsistence allowance. It is also giving Rs 25,000 per month to start-ups of women entrepreneurs.
Also, an assistance of Rs 5 lakh was provided as a Covid relief seed subsidy and an around Rs 4.15 crore has been given as a subsidy to 83 start-ups.
To boon their development, Rs 32 lakh will be given as viability seed funding this year to 16 start-ups. Apart from this, other financial subsidies and assistance are being offered, such as help in marketing and scale-up funds, to the start-ups under the iStart programme.
Start-ups will be given assistance up to Rs 35 lakh. Moreover, subsidies of up to Rs 15 lakh will be given under this policy to state government schools and colleges for opening e-cells in the start-up policy which is announced by the government. Also, facilities such as free space, connectivity, mentorship, market connect, VC and investor connect, and exposure to national and international forums will be provided to the incubation programmes.
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