Assam Govt & SIDBOI Join Hands To Promote Startups

The CM also said that both the state government and SIDBOI had stressed on the need to expand IIT’s role in leading the way for other institutions to boost the startup sector.
The meeting held was held in Guwahati in Assam | Image: Twitter/ Himanta Biswa Sarma

The meeting held was held in Guwahati in Assam | Image: Twitter/ Himanta Biswa Sarma

The government of Assam and Small Industries Development Bank of India (SIDBOI) on Thursday decided to develop joint fund to promote startup entrepreneurs in the state.

The decision was taken on Thursday in Guwahati during a meeting with Union Finance Minister Nirmala Sitharaman, Chief Minister Dr. Himanta Biswa Sarma, Union Minister of State for Finance Dr. Bhagwat Kishanrao Karad, officials of both central and state government, Director of Indian Institute of Technology (IIT) Guwahati, faculty of Gauhati University and start-up entrepreneurs, reported ANI.

CM Sarma was quoted by ANI as saying, “We are also planning to set up mid-level start-up infra in colleges and universities.”

The CM also said that both the state government and SIDBOI had stressed on the need to expand IIT’s role in leading the way for other institutions to boost the startup sector.

Union Minister Nirmala Sitharaman had earlier addressed a post-budget interaction session in Guwahati with the stakeholders from Assam’s trade and industry and other parts of the Northeastern region.

<div class="paragraphs"><p><em>The meeting held was held in Guwahati in Assam |&nbsp;Image: Twitter/ Himanta Biswa Sarma</em></p></div>
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Taking to Twitter, CM Sarma wrote, “Glad to have attended an interactive session to discuss ways to develop start-up ecosystem in Assam, along with Hon Fin Min Smt @nsitharaman; Hon MoS Sri @DrBhagwatKarad; Central & State Govt officials; Dir @IITGuwahati; faculty of Ghy Univ & start-up entrepreneurs in Guwahati.”

“GoA & @sidbiofficial have decided to develop a joint fund to promote start-up entrepreneurs. We are also planning to set up mid-level start-up infra in colleges & universities. Stressed on the need to expand IIT's role in handholding other institutions to boost start-up sector,” he further wrote.

Notably, the Union Finance Minister had arrived in Guwahati on Wednesday amid counting of votes for the state municipal elections. She took to Twitter to congratulate all BJP workers on the party’s victory massive victory.

She wrote, “Landed in Guwahati to hear of the great support that @BJP4Assam has received from people of #Assam. In the #MunicipalElections @BJP4Assam wins 77 Boards out of the total 80. Thanking everyone for their trust in @BJP4Assam. Congratulations to all karyakarta for their hard work.”

<div class="paragraphs"><p><em>The meeting held was held in Guwahati in Assam |&nbsp;Image: Twitter/ Himanta Biswa Sarma</em></p></div>
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