Turning UP into a land of start-ups: 3,000 units opened in 3 years, plan to set-up 10,000 more

New Delhi: In line with Centre’s plan of creating an ecosystem of start-ups and entrepreneurs, Yogi Adityanath government has focussed on building a web of start-ups which would take Uttar Pradesh on the path of prosperity.

Since taking charge of the state, CM Yogi has taken interest in exploring and promoting entrepreneurship spirit in youth as this unravels the hidden instinct within, eventually benefitting the state in long run.

UP government is encouraging youth to set up new start-ups under the Start-Up Policy 2020. As a result of this, where only 200 startups could be established in the state before 2017, a whopping 3,406 start-ups have been set up in just 3 years. This has also provided employment to more than 22,000 people.

Additional Chief Secretary, IT and Electronics, Alok Kumar said, “Start-ups established in 73 districts have provided direct employment to 10,000 people and indirect employment to 12,000 people. Soon, 100 new incubators will be set up in every district of the state. Currently, 18 incubators are functioning.

“By providing management training or other essential services through these incubators, new startup companies will be developed. After this, approx 10,000 new start-ups will be established which will provide direct employment to over 50,000 people and indirect employment to over 1 lakh people,” he said.

At present, 1,154 startups have been established in Noida and a total of 1,219 start-ups have been established in Ghaziabad (533), Lucknow (500), and in the districts of Bundelkhand region and Purvanchal region of the state, he added.

Notably, state’s new Start-up Policy 2020 is focussed at promoting an efficient business environment and establish a state-of-the-art center of excellence. First instalment of Rs 15 crore has also been provided by government.