MP Sees 81% Rise In Startups, Incubators After Policy Launch

Bhopal, Aug 7 (KNN) Since the launch of the Madhya Pradesh Startup Policy last year the state has witnessed a growth of 81% in startups and incubators for entrepreneurship.

The Madhya Pradesh Startup Policy of the Department of MSME was launched by Chief Minister Shivraj Singh Chouhan on February 23, 2022.

Speaking with Millennium Post, principal secretary of the MSME Ministry of MP and commissioner of the Department of MSME P Narahari has said that the department has taken several steps to boost innovation-driven entrepreneurial culture in the state, and to inoculate its spirit among the immensely talented youth.

“Since the policy launched, a thumping boom has been witnessed in entrepreneurship, within a short span, 81% of startups and incubators are increased in the state. Notably, a 93% spurt is reported in the women-led startups”, Narahari said.

On March 31, 2022, there were 1,890 recognised startups and 32 incubators, as an outcome of the initiatives taken by the department, they were increased to 3425 and 50 as on July 31 this year respectively, the commissioner informed. women-led startups increased to 1550 from 800, he also said.

“Aiming to facilitate startups, the department has introduced MP startup portal which was launched by the honourable Prime Minister virtually last year,” Narahari further said.

He added that several other initiatives have also been taken for promoting entrepreneurs such as organising startup conclave and expo to benefit and support them (over 2000), setting up startup centre to efficiently implement the startup policy, executing of MoUs with 12 leading organizations etc.  (KNN Bureau)