PM Modi to launch Madhya Pradesh start-up policy this week


PM Modi to launch Madhya Pradesh start-up policy this week

Prime Minister Narendra Modi will virtually launch Madhya Pradesh's Startup Policy and Implementation Plan 2022 at the Brilliant Convention Center in Indore on 13 May.


The Madhya Pradesh government is launching its “Startup Policy and Implementation Plan – 2022” to promote startups and encourage budding entrepreneurs in Madhya Pradesh. Under the start-up policy, the government will set up a start-up centre to support entrepreneurs.


This startup policy has been specially developed to strengthen and bring to reality the entrepreneurial ideas of the youth of the state. Concurrently, about 18 startups are being incubated under Smart City in the Gwalior district.


P. Narhari, Secretary MSME Department of the Government of Madhya Pradesh said, “The new Startup Policy is quite different from the old policy. One important feature being added in the MP Startup Policy 2022 is the concept of 'MP Startup Centre'. Earlier, only one policy was being implemented by the department, but now this will be implemented in tandem with the MP Startup Centre. The startup centre will have a dedicated office, a head/mentor for every startup and experts from the relevant field, who will help the startup community.”


The government has selected several ideas from around 50 start-ups in the region for which a special workshop will be organized on May 11, to help understand the needs and to ensure that these ideas come to reality under the new start-up policy.


The centre explained, “The Sagar Smart City Incubation Centre, SPARK has made rapid strides towards promoting Madhya Pradesh Startup Policy 2022. A series of policy awareness boot camps and workshops have been organized in various educational institutions, businesses, and startup communities, including Government ITI College, Edina Institute of Science, in Sagar. Not only this but also a live webinar has been organized on May 8, 2022, where startup policy experts and consultants will discuss the key features of MP Startup Policy. This webinar will be telecast on all social media handles of Sagar Smart City.”


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