Yogi Adityanath urges Sidbi to set aside Rs 200 cr for start-ups in UP

An incubation centre will be set up at IIT-Lucknow to promote entrepreneurs within the state

The Yogi Adityanath government in Uttar Pradesh has urged the Small Industries Development Bank of India (Sidbi) to institute a start-up fund for promoting micro, small and medium enterprises (MSMEs) within the state.

The proposed fund is likely to have a corpus of about Rs 200 crore; further talks are underway in this regard, Sidbi Deputy Managing Director Ajay Kumar Kapur told Business Standard on Friday.

Earlier this week, the Yogi Adityanath government had announced its new industrial policy for faster industrial and economic development. The policy aims at integrating the state-centric ‘Make in UP’ project with the Centre’s flagship