JAMMU, Feb. 22 -- Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, Manoj Sinha, approved J&K start-up policy 2024-27 in supersession to the Start-up Policy notified in the year 2018. The policy has the objective of setting up 2000 new startups 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 the Lieutenant Governor attended the meeting.

The Government of Jammu &Kashmir 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...