In the past 15 years, the government of Chhattisgarh has been relentlessly working towards creating an eco-system aids and encourages the growth of entrepreneurship. With initiatives like 36inc and Start-up Chhattisgarh, the state is helping nurture the spirit of innovation and entrepreneurship within not just the state but also across the country.
Chhattisgarh is among the few Indian states to have its own Innovation and Entrepreneurship Policy.
The state government has sanctioned Rs.5 crores for Start-up Chhattisgarh
Ranked 6th best state in India on the Ease of Doing Business Index by the World Bank
To help start-ups grow, CM Raman Singh inaugurated 36inc - a state-run incubator for local start-ups.
Start-up Chhattisgarh – Under this initiative, the state government aims to nurture start-ups companies in Chhattisgarh, with special preference given to priority sectors like healthcare, animal husbandry and value-addition of core sector products.
14 camps set up across Chhattisgarh
3,858 ideas were submitted
36 innovative start-up ideas were chosen to be developed at 36inc
Benefits:
75% subsidy to budding entrepreneurs on term loans amounting up to Rs.70 lakhs for six years
Fixed capital subsidy of 35-40% on a maximum amount of Rs.3.5 Cr
Electricity duty exempted for 10 years
Exempted stamp duty for the purchase or lease of land for start-up companies
Other initiatives
The government plans to set up a Startup Village in Atal Nagar (formerly named Naya Raipur), modelled after Kerala’s successful Startup Village initiative.
Sanchar Kranti Yojana, the biggest mobile phone distribution scheme in India, is promoting entrepreneurship among the youth – 50 lakh phones to be distributed, 1600 mobile towers to be set-up across the state.
Chhattisgarh also hosts events like Frugal Innovation Summit, with the aim of becoming the “Frugal Innovation Hub” of India and promote Make in Chhattisgarh.
Other factors that make Chhattisgarh the ideal start-up location
Leading producer of minerals like iron ore, dolomite and coal
Produces 15% of India’s steel and 100% of its aluminium
Also rich in bauxite, limestone, quartzite and tin concentrates, all key resources for construction as well as heavy industry
Chhattisgarh is a power surplus state, one of the very few in the country
A vast resource of skilled workforce thanks to Chhattisgarh’s focus on Right to Skills’ Development