In a significant development, the Industries Department of the Delhi government has completed the formulation of its innovative startup policy. This visionary strategy sets a remarkable goal of nurturing and supporting at least 15,000 startups by the year 2030.
Under this pioneering initiative, the government is committed to offering collateral-free loans to these budding enterprises and providing them access to a panel of expert professionals, including chartered accountants who will extend their guidance free of charge. Additionally, the government has plans to assist college students embarking on entrepreneurial journeys and is gearing up to launch a dedicated startup portal once the policy receives official approval.
Breaking new ground, the Delhi government is on the verge of introducing the “Dilli Bazar” portal, a one-of-a-kind digital platform designed to connect vendors with customers not just across the country but globally as well. In its initial phase, this revolutionary portal will feature approximately 10,000 vendors.
Looking ahead, the government envisions onboarding over 100,000 Delhi-based shops onto the Dilli Bazaar portal within the first six months, allowing these businesses to maintain a digital storefront accessible 24/7. This visionary endeavor aims to create a unique virtual shopping experience, enabling users to explore Delhi’s iconic local markets, benefiting both consumers and startups alike.
Furthermore, the government is actively engaged in the development of the Shahdara district, which is renowned for its grain market. This development aligns with the “District as Export Hub Scheme,” which seeks to identify, brand, and promote a distinctive product from each district. Under this program, products with export potential will be selected to promote manufacturing and exports from urban areas, ultimately stimulating economic activity within sectors related to the chosen product.
