CURRENT AFFAIRS

Detailed explanation-1: -Narendra Modi virtually launched the Dynamic Startup Policy 2022 of Madhya Pradesh with a startup portal in the presence of Chief Minister, Shivraj Singh Chouhan. This major initiative to nurture budding entrepreneurs was announced during the MP Startup Conclave held in Indore.

Detailed explanation-2: -Bhopal: Prime minister Narendra Modi will on May 13 virtually launch the Madhya Pradesh government’s Startup Policy and Implementation Plan-2022, aimed at encouraging budding entrepreneurs in the state, an official said on Monday.

Detailed explanation-3: -The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech on 15 August 2015. The action plan of this initiative is focussing on three areas: Simplification and Handholding.

Detailed explanation-4: -The Delhi Startup Policy envisages the emergence of Delhi as a Global Innovation Hub and the most preferred destination for Startups by 2030.

Detailed explanation-5: -The government of India introduced the Startup India Seed Fund Scheme on January 16, 2021, for relatively early-stage enterprises. The Indian government allotted a total budget of ₹945 Crores. It was anticipated that it would provide financing to 3600 businesses and 300 incubators.