The Punjab government has been thinking to tie up with banks and other financial companies to offer loans to the startups across the state. This initiative will help startups to establish their businesses and grow. He has made this announcement during a two-day exhibition-cum-convention on Rural Entrepreneurship and Innovation conducted by the Industries Department in association with PHD Chamber. Capt. Amarinder Singh’s government is trying to focus on the fast emerging trend of startups and how can they be supported to earn great revenues for the betterment of entrepreneurship in Punjab.
The state is anticipating both national and private banks to come forward for this collaboration for the startups based out of Punjab. The loans provided by these associated banks will offer maximum possible loan to the startups at the minimal rate of interest. This initiative will create more job avenues for the people of the state. By helping the Punjab based startups, the CM is also trying to brain drain to other states and other business avenues.
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