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Maharastra to launch a Rs 200-crore fund to invest in women-led startups

Maharashtra will send off a Rs 200-crore asset to put resources into profound tech startups from the state, which are ideally driven by ladies and socially significant, a senior authority said on Friday.


The "Maharashtra Innovation and Technological Development Fund" will be a Rs 200 crore corpus for beginning phase new businesses in the state, Manisha Verma, the key secretary for abilities, work, business and advancement division, said while tending to a Tiecon occasion here.


"The asset will have an exceptional spotlight on profound/tech, ladies drove organizations and socially significant new companies," she said in her show at the yearly highest point.


Verma said the state is likewise pondering to send off a seed store for new businesses, yet didn't share subtleties of the equivalent.


The state as of now has a large number of vehicles to make value interests in new companies, which have been sent off in relationship with finance players having space skill, she added.


These incorporate the Rs 120-crore Maharashtra Social Venture Fund, oversaw by the Small Industries Development Bank of India (Sidbi), Rs 330-crore Maharashtra State Defense and Aerospace Fund and Rs 80-crore store for business people hailing from minimized networks - - oversaw by IDBI Capital, she said.


The authority, who takes care of the Maharashtra State Innovation Society, said the yearly "Maharashtra Startup week" is on the present moment and encouraged organizations to apply with passages for the equivalent.


She said in the last four versions of the occasion, 96 new companies have gotten requests of over Rs 14 crore through their cooperation.


Verma likewise said that a heft of new companies are coming up in the bunches like Mumbai, Thane, Pune, Aurangabad and Nagpur, and urged business visionaries to go further into different pieces of the state.


She said unique consideration is being paid by the state on skilling to guarantee that the right ability is accessible for organizations where they need it.

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