Start-ups booming in north-eastern states, youth approaching govt: Jitendra Singh

Union Minister of State for Development of North Eastern Region Dr Jitendra Singh said that there is rise in India's young entrepreneurs approaching the union government to set start-ups in the north-eastern regions of the country.

Speaking at the inauguration of ASSOCHAM World Entrepreneurs Day Summit in New Delhi today, the union minister said, "Any youngster who decides to set up startups in north-east will in addition to all the provisions available in the Government of India programme will also get initial venture capital fund from North-East ministry, so that they do not have any financial liability."

He further said that the government wants to promote north-eastern states as a favourite destination of startup ventures in the country.

The minister of state in Prime Minister's Office left to no words to praise the BJP government's initiatives and termed the 'Startup India, Standup India,' programme as the unique programme in the world and said that it offers unprecedented incentives like three years of tax holiday and three months of exit period.