The Industries Department of the Delhi government has completed the formulation of its innovative startup policy, with a bold objective of nurturing and backing at least 15,000 startups by the year 2030.
This initiative is designed to facilitate collateral-free loans for these startups and provide them access to a panel of experts, including chartered accountants, who will offer guidance free of charge. Additionally, the government is planning to support college students engaged in entrepreneurial endeavors and will launch a dedicated startup portal once the policy is officially approved.
In a pioneering move, the Delhi government is on the brink of introducing the Dilli Bazar portal, a unique digital platform aimed at connecting vendors with customers nationwide and globally. The initial phase of this innovative portal will feature approximately 10,000 vendors.
The government’s long-term vision is to onboard more than 100,000 shops in Delhi onto the Dilli Bazaar portal within the first six months, enabling them to maintain a digital storefront accessible 24/7. This initiative is set to create a distinctive virtual shopping experience, allowing users to explore Delhi’s famous local markets, benefiting both consumers and startups.
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Furthermore, the government is actively working on the development of the Shahdara district, renowned for its grain market, in line with the ‘District as Export Hub Scheme.’ This program aims to select, brand, and promote a unique product from each district. It will identify products with export potential to encourage manufacturing and exports from urban areas, ultimately stimulating economic activity in sectors related to the chosen product.
