The Karnataka Cabinet Friday decided to amend the Karnataka Startup Policy 2015-2020 in line with the national policy.
Claiming that Karnataka was the first State to bring in the startup policy, Rural development minister Krishna Byre Gowda said "the central policy is much detailed than the state policy.
According to our policy to consider as startup, it should not have exceeded four years, while the central policy says 10 years.
Our policy says the turnover should not exceed Rs 50 crore, while central policy limits at Rs 100 crore."
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