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.”