Haryana cabinet approves new state startup policy

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The Haryana cabinet chaired by CM Manohar Lal Khattar on Monday approved anew Haryana State Startup Policy 2022formulated by the Department of Information Technology, Electronics and Communication, Haryana.

Through this policy, aims to boost and nurture the vibrant startup ecosystem in Haryana to stimulate independent thinking and innovative ideas and help budding startups at different stages of their entrepreneurial journey.

Haryana government claims to have followed a proactive approach to facilitate Ease of Doing Business for startups in the state. State has carried out

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extensive policy interventions to position Haryana as a pre-eminent Investment destination.

There are 3910 Haryana-based startups as of June 15, 2022 stand recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India. A Startup Haryana Cell is being established in the Department of Information Technology, Electronics and Communication to oversee the implementation and other institutional activities of this revised policy.

It is expected that at least 5,000 new startups would be established in Haryana over the next 05 years (within policy period) providing direct & indirect EMPLOYMENT to 75,000 persons.