Tag: National Startup Advisory Council

Uttar Pradesh Government has launched Mukhyamantri Krishak Durghatna Kalyan Yojanawhich will provide financial assistance to family of farmers who die or become handicapped while working in fields. Government has also decided to implement Mukhyamantri Paryatan Samvardhan Yojanato boost tourism in state. Under the ‘Mukhyamantri Krishak Durghatna Kalyan Yojana, if a farmer or any member of his family dies while working in a field then they will be given financial assistance of five lakh rupees. For the first time, the scheme will also include the Bataidars, who work in the field of other persons and share the crop after it is harvested. The scheme will cover farmers and their family members in the age group of 18-70 yearsand will be implemented from 14th September 2019.

The government stated that it has set up a National Startup Advisory Councilto advise the Centre on measures needed to build a strong ecosystem for nurturing innovation and start-ups in the country. The Council will suggest measures to foster a culture of innovation among students and others. It will also suggest measures to facilitate public organisations to assimilate innovation, promote creation, protection and commercialisation of intellectual property rights, make it easier to start, operate, grow and exit businesses by reducing regulatory compliances and costs. Further, the ministry stated the Council will suggest ways to promote ease of access to capital for start-ups, incentivise domestic capital for investments, mobilise global capital for investments, and keep control of start-ups with original promoters.