The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home Events

Govt rolls out maiden ‘JK Start-Up Policy-2018’

INS Correspondent by INS Correspondent
September 18, 2018
A A
Govt rolls out maiden ‘JK Start-Up Policy-2018’
Share on FacebookShare on TwitterWhatsappTelegramEmail

SRINAGAR: The Industries & Commerce Department today formally rolled out the maiden “J&K Start-up Policy-2018” for the state. The Policy was approved by the State Administrative Council (SAC) headed by Governor Satya Pal Malik last week.

RELATED POSTS

IGP Kashmir extends Navroz greetings

Students of World University of Design Walked the Ramp for Poshan Fashion Show organised by SHARP NGO

Scattered light rains forecast in Kashmir, dry weather in Jammu  

Giving details, Principal Secretary Industries & Commerce, Shailendra Kumar said the Policy aims to nurture and inspire the young and entrepreneurial brains of Jammu and Kashmir to pursue innovation and entrepreneurship by creating a vibrant and conducive Startup ecosystem in the State.

He said the Government through this Policy aims to empower Startups to grow through innovation and design which inter-alia will help in accelerating economic growth and generating employment opportunities.

Kumar said the Policy will facilitate and nurture the growth of new Start-ups through establishment of at least 10 new state-of-the-art incubators, Innovation Labs and Fabrication Labs across all three regions of the State including private sector. A strong institutional framework will be put in place for effective implementation, monitoring and evaluation of this policy.

He said a monthly allowance upto Rs 12,000 (for a period of one year) during incubation and one-time assistance upto Rs 12 lakhs shall be given to a recognized Start-up for Product Research & Development or introduction of an innovative product or service in the market.

A Start-up, he said, shall be eligible for Energy Assistance, International Patent Filing Cost Reimbursement, Tax benefits/ relaxations in Public Procurement processes.

Other interventions proposed in the Policy are creation of Innovation/Skill Development Fund, establishment of Jammu and Kashmir Angel Network (JKAN), Academic Interventions and Awareness and Outreach.

Buy JNews
ADVERTISEMENT

The Policy shall give special attention to Start-ups with disruptive value additions in Food Processing and Allied activities, Agriculture including Horticulture and Floriculture, Textiles, Apparel & Fashion Technology, Renewable Energy, Handicrafts & Handlooms and their design element, Electronics System Design and Manufacturing, Information Technology enabled Services. The Policy shall be valid for a period of ten years or till a new Start-up Policy is framed by the Government.

The Policy shall be valid for a period of ten years or till a new Start-up Policy is framed by the Government.

Previous Post

Srinagar admin to impose restrictions tomorrow to prevent Muharram processions

Next Post

Advisor Kumar to hear public grievances at JKGGC Church Lane tomorrow

INS Correspondent

INS Correspondent

Related Posts

Take stern action against those violating law: IGP
Events

IGP Kashmir extends Navroz greetings

March 21, 2025
Students of World University of Design Walked the Ramp for Poshan Fashion Show organised by SHARP NGO
Events

Students of World University of Design Walked the Ramp for Poshan Fashion Show organised by SHARP NGO

September 28, 2022
Mainly Dry Weather In Store As Mercury Rises In Jammu and Kashmir
Events

Scattered light rains forecast in Kashmir, dry weather in Jammu  

May 19, 2022
Traffic police city Jammu organized Shaheed Sgct Keemat Lal memorial cricket tournament, Dr Koshal Sharma SSP traffic Jammu inaugurates
Events

Traffic police city Jammu organized Shaheed Sgct Keemat Lal memorial cricket tournament, Dr Koshal Sharma SSP traffic Jammu inaugurates

May 7, 2022
3 IAS officers attached to H&ME for assisting in Coronavirus mitigation efforts in J&K
Events

J&K Reports 136 Fresh Covid-19 Cases, 1 Death

December 19, 2021
Events

ACS unveils online module for grant of Retail, Wholesale and Manufacturing Drug License

November 30, 2021
Next Post
Advisor Kumar to hear public grievances at JKGGC Church Lane tomorrow

Advisor Kumar to hear public grievances at JKGGC Church Lane tomorrow

Accused can’t be punished on moral conviction or suspicion: HC 

Establishment of Family Courts: Law Deptt seeks suggestions from stakeholders

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




Over 1200 persons arrested under NDPS Act in 3 years: Bali Baghat

Over 1200 persons arrested under NDPS Act in 3 years: Bali Baghat

February 1, 2018
Senior Police Officers visit martyr Constable Tasweer Ahmad’s residence

Militant surrenders, joins family back: Police

July 24, 2018
Be a well-informed investor (By Irshad Mushtaq)

Did You Know? (By Irshad Mushtaq)

June 1, 2024

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.