On March 27 2023, Haryana Government has declared that it will be set up a Venture Capital Fund in ‘Padma’ programme to accelerate development for MSME Advancement which will promote young entrepreneurs and provide boost to startups.
The objective of this initiative is to promote micro and small enterprises at the block level by taking advantage of the cluster approach and promote balanced regional development. The state government has budgeted for a venture capital fund of Rs 200 crores to Rs 5 crores to support young people starting businesses, similarly to encourage ‘Padma’ Venture capital fund will be created.
