Uttar Pradesh
Women Lead Over Half of Startups in Uttar Pradesh
- 06 Dec 2024
- 2 min read
Why in News?
Over half of the registered startups in Uttar Pradesh are now led by women, showcasing the state's progressive business landscape.
Key Points
- According to the Department for Promotion of Industry and Internal Trade (DPIIT), out of more than 13,370 startups in the state, over 6,812, almost 51%, are led by women entrepreneurs.
- The state's startup policy, initially introduced in 2020 and amended in 2022, aims to establish 100 incubators across all 75 districts, providing a robust infrastructure for new ventures.
- The policy also includes financial incentives and support systems specifically designed to encourage women entrepreneurs.
- The startups in Uttar Pradesh have collectively created over 100,000 jobs, contributing significantly to the state's economy.
- Initiatives like the single window clearance system, 'Nivesh Mitra', have been instrumental in creating a business-friendly environment.
- It boasts a disposal rate of 97.22%, earning recognition with an award from the central government.
- Looking ahead, Uttar Pradesh plans to develop India's first artificial intelligence city in Lucknow and establish an exclusive fund to boost the AI ecosystem.
- These initiatives are expected to further enhance the state's appeal as a hub for tech startups and innovation.
