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Government Takes Innovation To The Village With 13,000 Crore Startup Fund
The IT and Industries Minister unveiled the big plan for the entire state except Hyderabad to boost the innovation of the state and accommodate more startups
K
Kevin Dausi
Hyderabad
Fri Sep 17 2021
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Government Takes Innovation To The Village With 13,000 Crore Startup Fund
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The state government is filled with plans that boost the startup scene and bring everything no state in India has. The state has multiple plans and programs, all working for a more significant and singular motive of growth that matches international standards.


 The IT and Industries Minister KT Rama Rao, in an exclusive function, revealed that the government is working on a mega plan of setting up  12,000 Digital Telangana Centres at the gram panchayat level to reach every village possible. The technology graduates who haven't been able to do much due to multiple factors will now be equipped in Artificial Intelligence, all set to reach a peak and start a wave of employment in the state and country. 


This big plan is a part of the second five-year Information Communication Technology Policy, which aims to establish a huge startup fund of 13,000 crores and fund close to 8,000 startups that will put Telangana on top. A special Government Investment Committee will soon be in place to ensure that the plan is running and the startups are being funded.


Jobs in electronics and its allied fields will act as magnets to the state's growth and will attract EV industries, battery storage systems, consumer electronics, medical devices, and automobile sectors and get a massive 75,000 crore investment and create over 3 Lakh job opportunities for people. The state's average GDP and Per capita income have been better than the national average, and that the state, which is one of the youngest, will soon become the fastest-growing state in all aspects.


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Government Takes Innovation To The Village With 13,000 Crore Startup Fund
Government Takes Innovation To The Village With 13,000 Crore Startup Fund
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