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

Misinformation & deepfakes help weaponize AI: Should AI be as open as the internet then?

The ability for AI to spread misinformation has been reaching hair-raising lengths, another and possibly…

1 day ago

What employees want: Not everyone feels ready to flow with AI at the workplace

Artificial Intelligence is everywhere now. It’s safe to say that organizations have either fully adopted…

4 days ago

Are business markets safe from Grok AI?

With the rise of advanced AI models such as Grok AI developed by Elon Musk's…

5 days ago

Geek Appeal: New gadgets & apps on the block

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

6 days ago

Beyond points: How tokenized rewards are revolutionizing customer engagement

With the modern-day competitive business world, customers' engagement stands on the top agenda of every…

6 days ago

Indian Air Force obtains BLE tool tracking system to enhance airbase safety

In a significant move to modernize airbase operations, the Indian Air Force (IAF) is going…

1 week ago