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To boost start-ups, Raje govt inks pact with SBBJ

The MoU, believed to be the first of its kind in the country, aims to boost employment generation and creation of skilled jobs in Rajasthan.

By: Express News Service | Jaipur |
June 2, 2016 5:13:19 am

The Rajasthan government Wednesday signed a memorandum of understanding (MoU) with the State Bank of Bikaner and Jaipur (SBBJ) to boost the start-up ecosystem in the state.

The MoU was signed between the Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) and SBBJ in presence of Raje, who had last year unveiled the state’s first start-up policy to promote sustainable entrepreneurship.

The MoU, believed to be the first of its kind in the country, aims to boost employment generation and creation of skilled jobs in Rajasthan.

Principal Secretary, Industries, Rajasthan and Managing Director of RIICO Veenu Gupta signed the pact with SBBJ Managing Director Jyoti Ghosh.

The state government hopes the deal will help create a common platform for beneficiaries availing assistance under the various state and Centre-run schemes.

“It will boost innovative entrepreneurship in the state and (make available) single window financial solutions…to new entrepreneurs to establish their businesses in minimal time,” said Raje after the agreement was signed.

Besides getting assistance for startups and incubation centres under the Rajasthan Startup Policy-2015, entrepreneurs would also be eligible to avail “collateral free” finance up to Rs 1 crore under the Credit Guarantee Trust for Micro Small Enterprises (CGTMSE) and upto Rs 10 lakh under Prime Minister Narendra Modi’s flagship MUDRA Yojana from SBBJ.

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