In order to encourage and support 15,000 startups by 2030, the Industries Department of the Delhi government has recently finalized a draft of its startup policy.
Government Supporting 15000 Startups By 2030
Basically, this policy is having collateral-free loans, guidance from experts, and support for college students, according to a media report.
The Delhi Startup Policy seeks to establish the city as a global innovation hub and the preferred location for startups by 2030.
With this implementation, the government plans to establish a supportive ecosystem for innovation-driven economic growth and nurture entrepreneurship through robust support mechanisms.
In this policy, the Delhi Chief Minister Arvind Kejriwal underscored that the Delhi Startup Policy not only offers financial assistance but also provides a comprehensive range of support to entrepreneurs.
In order to understand the context, the research team at The Dialogue and Development Commission (DDC) of Delhi began its in-depth, in-person, one-on-one meetings with startup founders in the NCR region to better understand the challenges faced by them in their journey.
It helps in understanding the potential role of policy interventions in promoting entrepreneurship in the region and existing advantages that Delhi offers to startups.
Besides this, the department has also filed an action-taken report.
Dilli Bazar Portal
Presently, they are in the process of finalizing a proposal for the Dilli Bazar portal, a digital platform designed to connect with customers both nationally and globally.
Moving ahead, they plan to develop Shahdara under the ‘One District One Product – District as Export Hubs’ scheme.
The portal will feature 10,000 vendors in its initial phase.
Under the Dilli Bazaar portal, the Delhi government aims to onboard more than 100,000 city shops within six months, thereby offering a round-the-clock digital storefront.
With this, the government intends to offer a unique virtual experience that allows users to explore markets in Delhi.
Earlier, Arvind Kejriwal, the Chief Minister, NCT of Delhi, unveiled the Delhi Startup Policy on X in 2022.
This policy is having a series of initiatives designed to streamline entrepreneurship in the nation’s capital and to position Delhi as India’s premier hub for startups.
“We have implemented numerous measures to cultivate a business-friendly environment in Delhi NCR. We have introduced several provisions to foster entrepreneurship in the capital,” said Kejriwal, while giving more information about the policy.
