MP Creates 100cr Venture Fund

Madhya Pradesh government has created a Rs 100 crore venture fund for budding entrepreneurs with innovative ideas for setting up industries.

Madhya Pradesh government will announce its Startup Policy on October 1.

Chief Minister Shivraj Singh Chouhan said that, “We have created a venture capital fund of Rs 100 crore. If somebody with an innovative idea wants to set up an industry, we will invest in the company. After the company becomes successful then we will withdraw the amount and invest in other company”.