CM Raman Singh launches ‘Start Up Chhattisgarh’ for boosting entrepreneurship

The Chhattisgarh government on Tuesday launched a programme called ‘Start Up Chhattisgarh’ to encourage entrepreneurs in the state, in line with the Central government’s ‘Start Up India’ push.

Chief minister Raman Singh said that the state government officials would reach out to colleges across the state, even as he announced a slew of incentives for startups.

According to the state government, a dedicated start up centre will be set up in Chhattisgarh. The government will offer a 75 per cent subsidy of up to Rs 7 lakh per annum for six years.

Additionally, a 35 to 40 per cent subsidy on fixed capital will be made available up to Rs 3.5 crore, with a hundred per cent subsidy on land purchase or lease.

The chief minister also announced that these startups could avail of free electricity for the first ten years and 100 per cent reimbursement of all state taxes paid in the first three years, to the first 36 start-ups that are registered. There will also be a self-certification process for these start ups.

The CM said that ‘Start Up Chhattisgarh’ will serve as a basis for new ideas in the state among the youth, and 14 special camps will now be set up, and 3,000 ideas from them assessed by the state government.

In the first phase, 36 companies will be given the go ahead.

“The youth of Chhattisgarh can use their ideas to alleviate the problems of people in the state. With this programme, if there is a new idea in your mind, then there should be no hesitation in developing it, and no fear of criticism. Your ideas will one day show the way for the society and the world,” Singh told an audience largely comprising youngsters at the inaugural function of the start-up programme in Raipur Tuesday.

Source: IE

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