Utilize MPLADS Funds For Star-ups: Nirmala Sitharaman | SupportBiz
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Utilize MPLADS Funds For Star-ups: Nirmala Sitharaman

 
Mangaluru: Commerce and Industry Minister Nirmala Sitharaman has recently urged the Members of Parliament (MPs) to consider setting up co-working spaces or incubators for startups in their constituency.

In a letter to the MPs, the minister has asked utilising the Members of Parliament Local Area Development Scheme (MPLADS) funds for such initiatives. "This step will promote the startup ecosystem in the country and help startups in their constituency make rapid strides towards establishing themselves and also create jobs," a commerce ministry statement said quoting Sitharaman.

Government’s ambitious Startup India initiative seems to be at the heartland of Commerce and Industry Minister Nirmala Sitharaman. The Union Minister has been continuously striving for the promotion and utilization of the scheme to build a strong start-up environment in the nation. Sitharaman, in fact, recently offered a contribution of Rs 1.18 crore from her Member of Parliament Local Area Development Scheme (MPLADS) fund to a start-up incubation centre being set-up in Mangaluru.

She said that Startup India initiative aims to enable and empower the entrepreneurship ecosystem in the country and encourage start-ups to dwell through innovations and designs. The government has been making all-out efforts towards realising the vision of Startup India Mission, she penned in the letter.

The Minister said that the government has been catching up with the requirements of start-ups, and one of the crucial aspects that come up front is a need to provide class-infrastructure. Sitharam concerns that start-ups may not have enough funds to own a workplace of their own, and thus urged MPs to come forward to help these emerging entrepreneurs of tomorrow translate their ideas into a success story.