Chandigarh, Dec. 21 -- Come January 1, the city's young innovators will be able to avail subsidies under the Chandigarh startup policy, which was rolled out in April this year. UT chief secretary H Rajesh Prasad has approved the working guidelines, which have now been sent to UT administrator Gulab Chand Kataria for notification.

The startup policy, which came into effect on April 29, was introduced nearly seven years behind schedule and was projected as a major catalyst for nurturing the city's entrepreneurial ecosystem. The policy will remain in force for five years from the date of notification.

Nishant Kumar Yadav, deputy commissioner and secretary (industries), Chandigarh, confirmed that the chief secretary has approved the guideli...