Chandigarh : Deputy Chief Minister also holding the charge of industries and commerce minister Dushyant Chautala said that youngsters having ideas for startups which require funds to set up industry will be benefited under venture capital fund scheme introduced by Haryana state who will start offering employment to others, rather seeking employment for them. He said, the banks generally hesitate in funding giving loans for new ventures.

Chautala said that the Haryana government has taken an initiative to support young entrepreneurs and boost startups by facilitating assistance to help them convert new business ideas into reality. Industries and commerce minister said that Rs 200 crore corpus announced by chief minister Manohar Lal Khattar in the 2023-24 budget estimates for setting up a venture capital fund in association with banks and financial institutions to provide financial support through loans and equity to startup entrepreneurs, especially women or come from families with an annual income of up to Rs 1.80 lakh or belong to the scheduled castes or backward classes, will produce young entrepreneurs which evaluates and invests in businesses. Chautala said that youngsters having ideas for startups which require funding will benefit from this as the banks generally hesitate in funding giving loans for new ventures and make youth self dependent.