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31/05/2022 12:27pm

Arunachal Pradesh cabinet approves Startup Policy

image Arunachal Pradesh cabinet approves Startup Policy

Itanagar, May 31 (KNN) The state cabinet of Arunachal Pradesh chaired by Chief Minister Pema Khandu gave a green signal to the ‘Arunachal Pradesh Startup Policy’ on Monday which has created a roadmap to facilitate growth of about 250 new startups over the next five years.

The development of 250 startups is expected to create significant direct and indirect employment opportunities in the state.

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The chief aim behind the formulation of the policy is to promote start-ups and to provide necessary stimulus to the entrepreneurial ecosystem in the state.

As per a statement from the Chief Minister’s Office, by providing holistic support to local startups through proactive policy intervention and creation of a network of key ecosystem stakeholders the policy aims to transform Arunachal Pradesh into a global hub for innovation and entrepreneurship.

With greater impetus to the ‘Atmanirbhar Bharat’ and ‘Atmanirbhar Arunachal’, the state government is on a mission path to boost up the start-up ecosystem with various programmes and initiatives.

With passing of this policy, the government is aiming to boost innovation and research and development (R&D) capability of the state, develop institutionalized mechanisms to provide funding support, regulatory easing and preference in public procurement to startups, bolster entrepreneurship and innovation to support the state in achieving its development goals and make startups a key component of the state’s commercial fabric in the next five years.

The cabinet also approved the proposal regarding implementation of Modified Assured Career Progression (MACP) for government school teachers and regularization of erstwhile Rashtriya Madhaymik Shiksha TGTs under Directorate of Secondary Education.

MACP would be implemented for all school teachers at par with other state government employees, by switching over from existing scheme of time bound promotion scheme to MACP scheme.

Deliberating on a plan to reduce river pollution and land degradation, the cabinet issued directives for preparation of a time bound comprehensive action plan to make Arunachal plastic free.  (KNN Bureau)

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