New Delhi, Oct 27 (KNN) As part of its commitment to the startup ecosystem, the Delhi government is on the verge of launching the 'Delhi Bazaar Portal.'

The digital platform will be an initiative designed to connect vendors with customers across the nation and around the world. Initially, in the first six months, the portal will feature about 10,000 vendors.

This strategic move by the state government aims to provide these businesses with a digital storefront, accessible 24/7, to enhance their market reach.

The platform will offers a unique virtual shopping experience that allows users to explore Delhi's renowned local markets, benefiting both consumers and startups.

The Industries Department also unveiled the startup policy designed to support the growth of 15,000 startups by 2030, offering collateral-free loans and expert guidance.

One of the key provisions of the policy is the facilitation of collateral-free loans for startups, a move that is expected to provide a significant boost to emerging businesses. Also, the policy involves engagement with empanelled experts, including chartered accountants, who will offer valuable guidance to startups without any associated charges.

The policy also includes provisions for extending support to students working on entrepreneurial ventures. By creating a helping environment for student-led startups, Delhi’s government hopes to shape the next generation of innovative entrepreneurs.

(KNN Bureau)