Indore, May 14 (KNN) Launching the Madhya Pradesh Startup Policy on Friday, Prime Minister Narendra Modi urged startups to work with the informal sector and bring them at par with the formal sector. 

The startup policy was launched in Indore at the Madhya Pradesh Startup Conclave.

PM Modi said that India had nearly 70,000 recognised startups with one startup turning into a unicorn every eight to 10 days. 

In his address at the conclave, Chief Minister Shivraj Singh Chouhan said that the state is working on making stamp duty competitive with that of other states. 

CM Chouhan also hinted a Electric Vehicles policy currently in progress. 

The state government selected six beneficiaries for financial assistance as part of the MP Startup Policy and Implementation Scheme 2022.  (KNN Bureau)