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Labour Laws Jammu & kashmir Ministry of Commerce and Industry Jammu and Kashmir Shops and Establishments Act, 1966

Government of Jammu and Kashmir notifies Start-up Policy, 2024-27.

11-Apr-2024 | Government Order No. 29-JK (IND) of 2024

The Government of Jammu and Kashmir has notified the Jammu and Kashmir Start-up Policy, 2024-27. The policy is being implemented in suppression of the previous policy of 2018 and will be effective from 11th April 2024.

By virtue of this policy, the government aims to transform the start-up ecosystem in Jammu and Kashmir by 2027.
Highlights of this policy are:
1. Establishment of tinkering and incubation labs in Jammu and Kashmir.
2. Policy aims to facilitate setting up of 2000 new Start-ups in Jammu and Kashmir in the next 5 years.
3. Establishment of venture capital funds by the government valuing upto Rs. 250 Crores.
4. Seed funding of upto Rs. 20 lakhs to startups recognized by Jammu & Kashmir Entrepreneurship Development Institute.
5. Establish simplified regulatory framework for startups.
6. Market assistance to new startups, self-certification of legal compliances and encouragement to entrepreneurs by awarding selected candidates based on performance and innovations.

For more information, please refer to the attached document.

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