Center’s startup scheme is a boon for youngsters: CII Chairman Krishna Mohan
The CII-Visakhapatnam Chairman highlighted the benefits of the Union government's Startup India Seed Fund Scheme for young entrepreneurs. The scheme aims to facilitate innovation by providing bank loans without the requirement of collateral security.
Why it matters
This initiative lowers financial barriers for young entrepreneurs, potentially accelerating startup growth and innovation in India.
Confederation of Indian Industries-Visakhapatnam Chairman G.Krishna Mohan on Friday that the Union government's Startup India Seed Fund Scheme would help youngsters to launch their own Startups and implement their innovation ideas very quickly. Along with Apitoria Pharma Limited’ Pydibhimavaram plant head K.Sambireddy, he inaugurated '’Vikasit Bharat-Human Capital Conclave'’ in Centurion University of Technology and Management in Vizianagaram on Friday. Speaking on the occasion, he said that the new scheme would enable youngsters to get bank loans without any collateral security.
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