Uttarakhand government announces Rs 200 crore venture fund to boost startups

Uttarakhand Chief Minister Pushkar Singh Dhami announced on Sunday that the state government has made significant strides to boost the startup ecosystem.

As part of the initiative, the state has established a venture fund of Rs 200 crore aimed at fostering entrepreneurship. CM Dhami highlighted that this fund will provide both financial support and guidance to startups, ensuring the state’s commitment to empowering youth at every step of their entrepreneurial journey.

"The state government has resolved to set up an incubation centre in every district and create 1000 new startups in the next five years. Our aim is to provide new opportunities for employment and self-reliance to the youth by taking innovation and entrepreneurship to the border areas so that Uttarakhand can touch new heights of self-reliance," CM Dhami stated.

The Chief Minister was speaking at the Startup Samvad held under the "Mukhya Sevak Samvad" program in Dehradun. He acknowledged the increasing participation of youth in the state's growing startup sector and the surge in innovative ideas.

Dhami also noted a positive shift in migration trends, as many young people working abroad or in metro cities are now returning to Uttarakhand to contribute to its development through entrepreneurship.

During the event, CM Dhami unveiled the Unnat Uttarakhand booklet and took a tour of various stalls set up by young entrepreneurs. He commended their creativity and determination, further boosting the state’s startup culture.

The event marked a significant moment in the state’s efforts to foster innovation and create an environment conducive to both entrepreneurship and reverse migration.

The initiative reflects a bright future for Uttarakhand’s entrepreneurial landscape, with the government’s policies continuing to play a pivotal role in nurturing innovation.

In another significant event, CM Dhami attended Prime Minister Narendra Modi’s monthly radio program "Mann Ki Baat" at his Dehradun camp office. In the 121st episode, PM Modi condemned the April 22 Pahalgam terror attack, expressing his profound sorrow. He reassured the victims' families that those responsible would face the "harshest response."

PM Modi spoke with deep emotion about the impact of the Pahalgam attack, calling it an act of cowardice that has deeply agitated the entire nation. "Today, as I talk my heart out with you, there is a deep agony in my heart. The Pahalgam terrorist attack of 22 April has left every citizen of the country heartbroken. Every Indian feels deep sympathy for the families of the victims," the Prime Minister said. Modi emphasized that the attack was a desperate attempt by terrorists to disrupt the peace in Kashmir, as the region was witnessing growing stability and development. He vowed to continue the fight against terrorism with unity and resolve, stressing that the strength of the nation lies in its solidarity against such acts of violence.