{"id":10185,"date":"2024-06-14T14:37:03","date_gmt":"2024-06-14T14:37:03","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=10185"},"modified":"2024-06-14T14:37:03","modified_gmt":"2024-06-14T14:37:03","slug":"madhya-pradesh-is-becoming-a-start-up-hub","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/madhya-pradesh-is-becoming-a-start-up-hub\/","title":{"rendered":"Madhya Pradesh is becoming a start-up hub"},"content":{"rendered":"

Due to the start-up friendly policies of Madhya Pradesh government, the state is becoming a hub of start-ups. Madhya Pradesh is one of the leading states in the country which provides a world-class ecosystem for start-ups. According to the Start-up Blink report, Indore is on the 14th position and Bhopal is at 29th position in the country. More than 2500 start-ups of Madhya Pradesh are registered with the Department for Promotion of and Internal Trade, Government of India. Out of these, more than 1100 start-ups are run by Women<\/a> entrepreneurs. Apart from this, more than 45 incubators are continuously working in the state to develop early stage start-ups. The incubation center of the Ministry of Textiles and Apparel of the Central Government is in Gwalior.<\/p>\n

To give momentum to the start-up movement in the country and to meet the objectives of the Atma-nirbhar Madhya Pradesh Roadmap 2023, the State Government<\/a> has launched the MP Start-up Policy and Implementation Plan 2022. With this, the spirit of Entrepreneurship<\/a> and innovation is being promoted among the public along with further improving the existing ecosystem of Madhya Pradesh. The objective of the scheme is to make the state a leader in the ‘Start-up Ranking. For this, MP Start-up Center (Mpsc<\/a>)’ has been set up, while setting up a single window agency for start-ups and incubators. MPSC provides mentorship to start-ups and helps them get approvals and raise capital. Any start-up can get help directly from them. MPSC aggregates market intelligence from multiple sources to provide valuable information about the ecosystem players. Market intelligence is used to re-evaluate the activities of the government, which will prove useful for the upcoming policies of the state.<\/p>\n

The state government is also planning to invest Rs 10 crore in 5 Indian AIFs (Alternative Investment<\/a> Funds), which will invest manifold in the states start-ups. The state encourages incubators and start-ups through several schemes. Start-ups are given assistance up to Rs 60 lakh. The state also provides additional support to women-led start-ups to empower women. Apart from general incentives, special incentives are being given to product based start-ups.<\/p>\n

The approach of the State is in line with the need of the start-ups today. Madhya Pradesh serves as a unique opportunity for domestic and international start-ups with skilled talent pool, sizable domestic consumer market and state-of-the-art Infrastructure<\/a>.<\/p>\n

During the Invest Madhya Pradesh, Global Investors Summit-2023 to be held in Indore on January 11 and 12, 2023, a special session on MP Start-up Ecosystem will be organized, in which detailed information about the governments policies and plans will be given.<\/p>\n","protected":false},"excerpt":{"rendered":"

Due to the start-up friendly policies of Madhya Pradesh government, the state is becoming a hub of start-ups. Madhya Pradesh is one of the leading states in the country which provides a world-class ecosystem for start-ups. According to the Start-up Blink report, Indore is on the 14th position and Bhopal is at 29th position in … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[861],"class_list":["post-10185","post","type-post","status-publish","format-standard","hentry","category-madhya-pradesh","tag-16-12-22"],"yoast_head":"\nMadhya Pradesh is becoming a start-up hub - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/madhya-pradesh-is-becoming-a-start-up-hub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madhya Pradesh is becoming a start-up hub\" \/>\n<meta property=\"og:description\" content=\"Due to the start-up friendly policies of Madhya Pradesh government, the state is becoming a hub of start-ups. 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