Indore, May 10 (KNN) The Madhya Pradesh government has set an aim to boost sustainable startup ideas throughout this year, said State Micro, Small, Medium Enterprises (MSME) Minister, Omprakash Saklecha encouraging entrepreneurs and innovators.

Unveiling the curtain raiser of Madhya Pradesh Startup Policy on Monday, he said that recognized business ideas will be provided financial assistance of up to Rs 15 lakh for four times in its incubation period along with grant for rent and salary of the staff.

The MP Startup Policy will be virtually launched by Prime Minister Narendra Modi on May 13 while chief minister Shivraj Singh Chouhan will mark his presence as special guest.

Indore will be made the state’s headquarter and a Startup Hub will be developed in 22 acres of land on the Economic Corridor.

MP Startup Policy will have new features, which were earlier not available for nurturing of new business ideas, said MSME Commissioner P Narahari.

The state government will provide additional support to startups that have already managed to attract some investment and are recognized and registered at the central government’s Startup India Portal. (KNN Bureau)