Srinagar, Feb. 23 -- The Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor Manoj Sinha on Thursday, approved J&K start-up policy 2024-27 in supersession to the Start-up Policy notified in 2018.

The policy has the objective of setting up 2000 new Start-ups in Jammu & Kashmir in the next 5 years.Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor; Atal Dulloo, Chief Secretary; Mandeep Kumar Bhandari, Principal Secretary to Lieutenant Governor attended the meeting.The Government will set up a Venture Capital Fund of Rs. 250 Crores and will infuse a maximum of Rs. 25 Crores as an initial fund to this venture capital fund.The venture capital fund so created shall invest primarily in recognized start...