69 startups registered in J&K under Startup India scheme

Srinagar: Sixty-nine startups have been registered in Jammu and Kashmir under the Startup India scheme, officials said. According to data from the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI), 69 startups have been registered in the Union Territory, officials said here.

As of now, the J&K government is focussing on sectors such as food processing, agriculture, renewable energy, handicrafts and handloom for promoting startups, they said.

To enable the startup ecosystem and create awareness, outreach and scouting of startups,Startupjk.com has also been made live, they added.

The Government of India has announced a Rs 945-crore Startup India Seed Fund Scheme (SISFS), which will be operational from April 1, 2021, to 2025 to promote and boost the startup ecosystem across the country.

In the same light, the Jammu & Kashmir administration is working to encourage startups and foster innovation, thereby creating jobs and boost economy, they said.