UP Startup Yatra kicks off with Rs 1k cr corpus; SIDBI MoU in offing to bolster campaign


MoU to be signed with SIDBI on September 15 to boost Yatra; Rs 25 lakh to be given to 350 leading educational institutions to encourage around 40k students for start-ups


UP Startup Yatra kicks off with Rs 1k cr corpus; SIDBI MoU in offing to bolster campaignChief Minister of Uttar Pradesh Yogi Adityanath has launched a ‘Startup Yatra’ in the State to further advance the regions of UP and provide employment to the youth. He kicked off the Yatra under his government’s ‘Rozgar bhi, Swarozgar bhi’ initiative, at Scientific Convention Center in State capital Lucknow on August 30.

The Chief Minister informed that the state government has setup a corpus of Rs 1000 crore to encourage start-up schemes.

“My government is fully committed to providing means of livelihood to everyone, be it through employment or self-employment. Hence we created a fund of Rs 1000 crore for start-up schemes to facilitate self-employment for the youth,” he said.

The CM emphasised that the Yatra is a result of the inspiration induced by Prime Minister Narendra Modi. He added that a Memorandum of Understanding (MoU) will be signed with Small Industries Development Bank of India (SIDBI) on September 15 to further bolster the campaign.

Furthermore, Rs 25 lakh will be given to 350 leading educational institutions in State to encourage around 40,000 students to take up self-employment through start-up projects.

To tackle with problems pertaining to start-ups, government is also likely to commence a dedicated mobile application, besides the already setup call centre and start-up website, to find and provide solutions.

A very bullish Adityanath claims to generate 70 lakh new jobs in the next five years through government schemes. He is aiming to boost ‘One District, One Product’ scheme to create job opportunities.

Startup Yatra will be organised in two phases covering 15 cities across UP. The event is divided into two categories – One for big scale cities, where panel of speakers will engage on innovational development of UP with start-ups; and two for small scale cities, where the focus will be to build such a start-up ecosystem wherein an economical State emerges. The Yatra will conclude on October 10 in Lucknow.

 

Swastika Tripathi

Two words - Aspirant Storyteller!

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