STATE TIMES NEWS
NEW DELHI: On the eve of two years of completion of the Modi Government, MoS PMO, Dr Jitendra Singh said here today that Government will offer incentives to young Start-ups and entrepreneurs.
Addressing a meeting of the Department of Youth Affairs, Dr Jitendra Singh said that, since by coincidence he simultaneously holds the charge of both Northeast as well as Youth Affairs, he will try to coordinate between the two Ministries to supplement each other’s efforts for encouraging youth from all over the country to set up entrepreneurship in Northeast. Since Northeast has huge unexplored potential for organic products, he said, on behalf of the DoNER Ministry, it has been decided to create a “Venture Capital Fund” for any youth who decides to initiate an enterprise in that region.
Dr Jitendra Singh recalled that during the launch of Start-up India initiative on 16th January, Prime Minister Narendra Modi had announced some of the most incredible incentives including the provision of exit period of three months during which a youngster will have the option to decide whether to go ahead or to switch over to other alternative option. In addition, Start-up India programme also provides for a tax holiday for initial period, he said and suggested that the Youth Affairs Ministry should hold country-wide awareness camps and workshops to make the youngsters aware of all these provisions.
The Start-up India Mission will be led by the youth of the country who will finally usher India into a world power in the next few years, he added.
