Delhi Govt Aims to Back 15,000 Startups By 2030

SUMMARY

The Delhi Startup Policy aims to position Delhi as a global innovation hub and the top choice for startups by 2030

The policy includes collateral-free loans, guidance from experts, and support for college students

The Delhi Government is also close to launching the Delhi Bazaar Portal, a digital platform to reach customers across the country and worldwide

The Industries Department of the Delhi government has recently finalised a draft of its startup policy with the goal of encouraging and supporting 15,000 startups by 2030. 

The policy includes collateral-free loans, guidance from experts, and support for college students, according to a TOI report.

By 2030, the Delhi Startup Policy seeks to establish the city as a global innovation hub and the preferred location for startups.

The idea is to establish a supportive ecosystem for innovation-driven economic growth and nurture entrepreneurship through robust support mechanisms. Additionally, Delhi Chief Minister Arvind Kejriwal underscored that the Delhi Startup Policy not only offers financial assistance but also provides a comprehensive range of support to entrepreneurs.

The research team at The Dialogue and Development Commission (DDC) of Delhi began its in-depth, in-person, one-on-one meetings with startup founders in the NCR region to better understand the challenges faced by them in their journey so far, the potential role of policy interventions in promoting entrepreneurship in the region and existing advantages that Delhi offers to startups.

The department has also filed an action-taken report and is also in the process of finalising a proposal for the Dilli Bazar portal, a digital platform designed to connect with customers both nationally and globally. It plans to develop Shahdara under the ‘One District One Product – District as Export Hubs’ scheme. In its initial phase, the portal will feature 10,000 vendors.

The Delhi government aims to onboard more than 100,000 city shops to the Dilli Bazaar portal within six months, thereby offering a round-the-clock digital storefront. The government intends to offer a unique virtual experience that allows users to explore markets in Delhi.

In 2022, Arvind Kejriwal, the Chief Minister, NCT of Delhi, unveiled the Delhi Startup Policy on X. The policy encompasses a series of initiatives designed to streamline entrepreneurship in the nation’s capital and to position Delhi as India’s premier hub for startups.

At the time, Kejriwal said, “We have implemented numerous measures to cultivate a business-friendly environment in Delhi NCR. We have introduced several provisions to foster entrepreneurship in the capital.”

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Delhi Govt Aims to Back 15,000 Startups By 2030-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Delhi Govt Aims to Back 15,000 Startups By 2030-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Delhi Govt Aims to Back 15,000 Startups By 2030-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Delhi Govt Aims to Back 15,000 Startups By 2030-Inc42 Media
Delhi Govt Aims to Back 15,000 Startups By 2030-Inc42 Media
You’re in Good company