50 Startups Secure Funding Through State Skills University MoU
50 Startups Secure Funding Through State Skills University MoU
5 August 2024
The Maharashtra State Skill University has launched a unique program for future business owners and has agreed with the state government to carry out the Academy of Maharashtra Research Upliftment and Training (AMRUT). The program will provide Rs 3 lakh in financial aid to 50 chosen entrepreneurs, as stated by the Skill University. According to the MoU, the University will pick 50 new entrepreneurs annually from the state. Details about the scheme and how to apply can be accessed on the website
“Many times, not having enough funds is a big challenge when starting a new business. With this program, we intend to overcome that barrier. These 50 businesses will receive Rs25,000 monthly for a year, assisting them in the early stages of setting up their businesses,” stated Skills University Vice-Chancellor Apoorva Palkar.
The state government has introduced the Chief Minister’s Youth Work Training Scheme. Aspiring entrepreneurs in the state can benefit from these programs, Palkar mentioned. “In this year’s budget, the Union government has allocated funds and schemes for young entrepreneurs, which will be encouraged in Maharashtra,” the Vice-Chancellor added.
