Categories: Tech & Society

Kerala announced a Rs. 500 Crores Assistance for Entrepreneurs in State

Kerala chief minister Oommen Chandy has announced that his government will earmark Rs 500 crore as budgetary assistance for young entrepreneurs in the state. Addressing over two million school and college students via a Google+ Hangout, Chandy also mentioned that the fund will be provided to young talents who take up entrepreneurship in sectors like agriculture, tourism, entertainment, IT and telecom sectors. The fund will account for 1 per cent of the state’s total budgetary expenditure.

The government is also forming a clear-cut policy document to help budding entrepreneurs translate their dreams into reality. All colleges have been asked to begin entrepreneurship development clubs. Last month, the government had charted out a plan of action to support young entrepreneurs by conducting an online screening programme for students in the VII to XII standards.

In September 2012, the government had also announced a Student Entrepreneurship Policy with an aim to support students taking up entrepreneurship. Under this programme, those working to innovate, create knowledge, wealth and jobs in the society through any Indian government recognised incubators will be given 20 per cent attendance with an additional 4 percent grace marks in academics.

Via: TechCircle

 

Team TechPanda

Recent Posts

The AI Editor has arrived: What Human-in-the-Loop publishing & ecommerce really looks like

Artificial Intelligence is no longer just a futuristic concept in publishing and e-commerce. It’s here,…

2 days ago

After the artist & the writer it’s the developer’s turn to rethink careers as AI starts coding

The artist and the writer have been living in fear of AI taking over their…

3 days ago

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

4 days ago

With top engineers from India in hot demand globally, Ness Digital Engineering champions internal pathways to leadership  

India’s tech and IT sector continues to grow, expected to top $300 billion in fiscal…

4 days ago

NTT debuts ultra-fast IOWN network with cross-border Kabuki performance

Japanese tech giant NTT showcased the latest in Innovative Optical and Wireless Network (IOWN) technology…

6 days ago

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

1 week ago