Delhi Government Approves Implementation of Startup Policy With this, the youth can avail of financial assistance provided by the government in setting up companies

By S Shanthi

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Press conference screenshot

The Delhi Cabinet has approved the implementation of the Delhi Startup Policy. With this, the youth can avail of financial assistance provided by the government in setting up companies. The policy also aims to make Delhi the startup destination of the world.

"Entrepreneurship classes and Business Blasters Program to be introduced at the college level after its grand success in schools. Delhi Government will support college students working on business ideas in all possible ways it can," said the chief minister of Delhi, Arvind Kejriwal.

He said the Delhi government will help startups get collateral-free loans which will be interest-free for a year.

"Creating entrepreneurs and business leaders out of our youth is a subject very close to my heart. Our youth has tremendous potential. Given the right opportunities, they can compete with anyone in the world. Not just India, we will see Delhi become the startup destination of the world," added Kejriwal.

Kejriwal said that the Business Blaster program, currently being run in Delhi government schools, will be extended to college students so they could work on their business ideas. "In Delhi's schools, from 9th to 12th, we have launched the "Business Blasters' campaign, under which participants are given small seed capital to create a business," he said.

Further, the students of state-run institutes can take off for 1-2 years to focus on a business."The 20-member task force, having a government officer, academics and business and trade representatives, will decide on registration applications from start-ups," said the Delhi CM.

According to the Economic Survey 2021-22 released in February 2022, the national capital has replaced Bengaluru as the startup capital of India, with over 5,000 recognized startups added in Delhi between April 2019 and December 2021, against 4,514 in Bengaluru during the period.

"I hope the youth of Delhi will create unicorns of their own. I expect to see a boom in startups over the coming years," said Kejriwal, while announcing the implementation of the Delhi Startup Policy.

S Shanthi

Senior Assistant Editor

Shanthi specializes in writing sector-specific trends, interviews and startup profiles. She has worked as a feature writer for over a decade in several print and digital media companies. 


Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Business News

Airbnb Renter Discovers Hidden Door, Says Police Confirm There's a Secret Unit Upstairs With 'Surveillance': 'A Terrifying Experience'

One bride-to-be was in for a not-so-welcome surprise when she discovered a secret door in her Airbnb rental.

News and Trends

How 5G Is Helping Enterprises Scale Their B2B Ventures

Enterprises are coming up with 5G solutions partnering with other companies, which provide fast and more dependable connectivity, proving advantageous for sectors, such as financial services, technology, life sciences, healthcare, telecom, media and entertainment

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Cryptographic Security Startup Silence Laboratories Secures USD 4.1 Mn Led by Pi Ventures and Others

Silence Laboratories aims to use the funding in scaling the technology and business teams to lead global market penetration and establish a robust R&D pipeline.

Business News

Klarna Says Its AI Assistant Does the Work of 700 People. The Company Laid Off the Same Number of Employees 2 Years Ago.

The AI bot has taken on 75% of Klarna's customer service chats, or about 2.3 million conversations, within a month of launch.