Chennai, Dec 23 (KNN) To support women-led Startups in Tamil Nadu, the state government will soon unveil a policy for them, said MSME Secretary V. Arun Roy on Thursday.

The policy will also help rural tech startups, Roy said while addressing entrepreneurs at the Confederation of India Industry (CII) Tamil Nadu Start-up Confluence 2022, reported The Hindu.

He briefed about the various initiatives that the state government has taken in the last few months to provide financial support to startups.

Roy further confirmed that the state government would invest in MSME and startups coming up in emerging sectors.

This will be done through an alternative investment fund registered with SEBI called the Tamil Nadu Emerging Sector Seed Fund.

“The first 4-5 investments are ready to be made. We are also looking to start a green climate fund which is awaiting registration with SEBI,” he said.

He also pointed out that the department has shortlisted entrepreneurs for the SC/ST Fund that was announced by the government and this would be doled out soon.  (KNN Bureau)