Govt launches ‘India Water Pitch-Pilot-Scale Start-up Challenge’, to equip brand-new companies
- Under this pilot effort, govt will certainly pick 100 startups, provid with Rs 20 lakh financing per
- Initiative targets at equipping startups in the water field to expand with advancement
- Initiative was released by Union Housing and also Urban Affairs Minister Hardeep Singh Puri
Union Minister Hardeep Singh Puri on Saturday released the ‘India WaterPitch-Pilot-Scale Start- up Challenge’, under which the government will certainly pick 100 startups and also they will certainly be offered with Rs 20 lakh each as financing assistance in addition to mentorship, a declaration claimed.
According to the Ministry of Housing and also Urban Affairs, the brand-new effort targets at equipping startups in the water field to expand with advancement and also layout that will certainly drive lasting financial development and also produce job opportunity.
The effort was gone for an occasion below by Union Housing and also Urban Affairs Minister Hardeep Singh Puri under the ministry’s Atal Mission for Rejuvenation and also Urban Transformation (AMRUT) 2.0.
Puri stressed on the vital function being played by the startups and also ensured them of energetic and also complete assistance from the government, according to a declaration from the ministry.
“Start-ups are the flavour of the season, as the number of ‘unicorns’ in the country has jumped, by leaps and bounds,” the minister claimed.
He claimed that the success of the government’s plans pivots, to a big level, to the function and also payment of stakeholders and also others in the community, including that the stakeholders’ feedbacks in the water field are important for creating government programs.
Puri claimed AMRUT 2.0 is a distinct and also transformative system, with a big expense of over Rs 2.77 lakh crore. He claimed that the system will certainly make certain water security in the country, decrease its transport expenses, decrease groundwater contamination, and also rise water exercise ability.
The Union minister additionally claimed that for the success of the goal, startups will certainly need to play a purposeful function by generating ingenious suggestions, modern technology, unique shipment devices, and so on
At the occasion, a number of startups from different components of the country participated in water offered their discussions with ingenious suggestions and also reducing side modern technologies, the declaration discussed.
The minister and also various other authorities additionally saw the event on the water field, arranged by different stakeholders participated in water administration, it included.