More government assistance coming the way of entrepreneurs — at least
in intent. Kerala chief minister Oommen Chandy announced yesterday that
the state government will extend Rs 500 crore (sub-$80 million) or one
per cent of the state’s total budgetary expenditure as financial support
for young entrepreneurial
ventures. Apart from ventures in the information technology and telecom sectors, agriculture, health and tourism will also benefit.
The Kerala government will also come up with a clear-cut policy
document to foster entrepreneurship in the state, said the minister,
while speaking to more than two million school and college students via a
Google Plus hangout yesterday. The government, he said, would take the
lead in forming Entrepreneurship Development Clubs across colleges in
the state.
The Kerala government already has a Student Entrepreneruship Policy in place under which 20 per cent grace on attendance and four per cent on marks is provided to students who come up with innovative ventures while still in college.
Also read about Startup Village, another unique venture supported by the government, that has recently been making news in Kerala’s emerging startup ecosystem.
ventures. Apart from ventures in the information technology and telecom sectors, agriculture, health and tourism will also benefit.
The Kerala government already has a Student Entrepreneruship Policy in place under which 20 per cent grace on attendance and four per cent on marks is provided to students who come up with innovative ventures while still in college.
Also read about Startup Village, another unique venture supported by the government, that has recently been making news in Kerala’s emerging startup ecosystem.
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