Karnataka set to play big role in nation’s economy: CM Bommai
News

Karnataka set to play big role in nation’s economy: CM Bommai

January 19, 2022

Bengaluru: Out of 54,000 startups in India, 13,000 are in Karnataka which is set to play a big role in the nation’s economy in the future, Chief Minister Basavaraj Bommai said.

In his online message on the occasion of ‘National Startup Day’ on Jan. 16 Bommai said that the idea of New Karnataka for New India would be made a reality.

In coming days, the Government would provide a big boost for startups, innovation, scientific thinking and entrepreneurship, he said.

Because of PM Modi’s vision, the number of startups have crossed the 54,000 mark from a mere 500, Bommai said. “He has given a big push for innovation and startups by setting up a forum to help them and freeing them from the restrictions of the Government. The Prime Minister has been the inspiration for the highest growth of startups in the State,” he said.

Financial assistance is being provided through programmes like Elevate 100, Elevate Unnati for setting up startups by SC and ST communities, Bommai said.

Under the Amrit Startup programme, financial help is being provided for 75 startups by OBC and minority community members, and similarly 25 startups from women are being provided the assistance, he said.

About Rs. 120 crore has been granted for 482 startups in the State, Bommai said.

The Government is mulling to take startups to various districts of the State under its ‘Beyond Bengaluru’ project, he said.

A new Research and Development Policy would be unveiled to encourage setting up startups from a small garage to big scientific research and industrial units, Bommai said.

READ ALSO  Be people-friendly, forgo ego: Chief Minister’s pep talk to DCs

Karnataka will play a major role in realising PM Modi’s dream of making India a $5 trillion economy, he said.

Through startups, a New Karnataka would make a significant contribution for the economy of New India, he said and congratulated the Prime Minister for encouraging the youths to inculcate scientific thinking to face new challenges.

ABOUT

Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 45 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. With a readership of over 2,50,000 Star of Mysore has been the best connection between it’s readers and their leaders; between advertisers and customers; between Mysuru and Mysureans.

CONTACT

Academy News Papers Private Limited, Publishers, Star of Mysore & Mysuru Mithra, 15-C, Industrial ‘A’ Layout, Bannimantap, Mysuru-570015. Phone no. – 0821 249 6520

To advertise on Star of Mysore, email us at

Online Edition: [email protected]
Print Editon: [email protected]
For News/Press Release: [email protected]