Rajasthan Govt. Releases Framework For $77.3 Mn Startup Promotion Fund

The State CM Had Launched The Startup Promotion Fund During Kota Digifest Last Year

“We hold startups very close to our heart.” Rajasthan CM Vasundhara Raje stated this while announcing the launch of a $77.3 Mn (INR 500 Cr) startup promotion fund during the Kota Digifest in August 2017. In line with the CM’s commitment towards startups, state officials have now come up with the final guidelines to utilize the said fund.

As stipulated, the fund corpus will include components for women-led and green solutions startups and has earmarked $15.4 Mn (INR 100 Cr) and $7.73 Mn (INR 50 Cr) for both respectively. The funds for green startups will be payable from the funds available with Rajasthan State Pollution Control Board.