Assam Govt & SIDBOI to develop joint fund to boost entrepreneurship in the state

With a view to boost entrepreneurship and encourage start-ups, the Assam government and Small Industries Development Bank of India (SIDBOI) have decided to develop a joint fund to promote startup

With a view to boost entrepreneurship and encourage start-ups, the Assam government and Small Industries Development Bank of India (SIDBOI) have decided to develop a joint fund to promote startup entrepreneurs.

The decision was taken during a meeting held in Guwahati on Thursday in presence of Union Finance Minister Nirmala Sitharaman, Assam Chief Minister Dr. Himanta Biswa Sarma, Union Minister of State for Finance Dr. Bhagwat Kishanrao Karad, start-up entrepreneurs among others.

Stressing on ways to develop start-up ecosystems in State, Assam Chief Minister Himanta Biswa Sarma said that the Assam government is planning to set up mid-level startup infra in colleges and universities.

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The Assam Chief Minister further said that both the State government and Small Industries Development Bank of India have stressed on the need to expand the role Indian Institute of Technology in handholding other institutions to boost the start-up sector.

Union Finance Minister Nirmala Sitharaman, who was on a day-long visit to Assam to attend the meeting, had also addressed a post-budget interaction session with the stakeholders from the trade and industry of Assam and other parts of the North-Eastern region in Guwahati.

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