Categories: Tech & Society

Kerala announced a Rs. 500 Crores Assistance for Entrepreneurs in State

Kerala chief minister Oommen Chandy has announced that his government will earmark Rs 500 crore as budgetary assistance for young entrepreneurs in the state. Addressing over two million school and college students via a Google+ Hangout, Chandy also mentioned that the fund will be provided to young talents who take up entrepreneurship in sectors like agriculture, tourism, entertainment, IT and telecom sectors. The fund will account for 1 per cent of the state’s total budgetary expenditure.

The government is also forming a clear-cut policy document to help budding entrepreneurs translate their dreams into reality. All colleges have been asked to begin entrepreneurship development clubs. Last month, the government had charted out a plan of action to support young entrepreneurs by conducting an online screening programme for students in the VII to XII standards.

In September 2012, the government had also announced a Student Entrepreneurship Policy with an aim to support students taking up entrepreneurship. Under this programme, those working to innovate, create knowledge, wealth and jobs in the society through any Indian government recognised incubators will be given 20 per cent attendance with an additional 4 percent grace marks in academics.

Via: TechCircle

 

Team TechPanda

Recent Posts

DDos damage: Geopolitical events triggered unprecedented DDoS attacks, AI

Distributed Denial-of-Service (DDoS) attacks are no longer just a nuisance of the digital underground, they’ve…

7 hours ago

Inception-style hack: How VR could be the next frontier for cyber attacks

Virtual Reality (VR) promises immersion, but what if that immersion turns against you? A new…

7 hours ago

Outbound & inbound: Indian tie ups with Singapore, Indonesia, & Australia while Philippines meets Indian business group

The Tech Panda takes a look at how Indian companies are partnering with foreign businesses…

2 days ago

Investment temperament: NFO for 5 index funds, health funds for Early to Late-Stage Capital & to transform India’s healthcare landscape

The Tech Panda takes a look at the investment temperament in the Indian startup ecosystem.…

3 days ago

Tweets, tips & trading: X doubles down on payments power play

Big Tech is no longer content with just running user feeds, they want wallets too.…

3 days ago

PayPal World: Swipe right on global shopping

Indian shoppers could be shopping internationally using their UPI accounts sitting at home, thanks to…

6 days ago