The Delhi government’s Industries Department has concluded the drafting of its startup policy, with an ambitious target of nurturing and supporting the growth of a minimum of 15,000 startups by 2030.

This initiative seeks to facilitate collateral-free loans for these startups and provide access to empanelled experts, including chartered accountants, who will offer guidance without charges. Additionally, the government plans to assist college students working on entrepreneurial ventures and will launch a dedicated startup portal once the policy is officially ratified.

In a groundbreaking move, the Delhi government is on the verge of introducing the Dilli Bazar portal, a first-of-its-kind digital platform aimed at connecting vendors with customers across the country and globally. The initial phase of this innovative portal will feature around 10,000 vendors.

The government’s long-term goal is to onboard over 100,000 shops in Delhi onto the Dilli Bazaar portal within the first six months, allowing them to maintain a digital storefront accessible around the clock. This initiative aims to create a distinctive virtual shopping experience, enabling users to explore Delhi’s renowned local markets, benefitting both consumers and startups.

Furthermore, the government is actively working on developing the Shahdara district, renowned for its grain market, in alignment with the ‘District as Export Hub Scheme.’ This initiative aims to select, brand, and promote a distinctive product from each district. Under this program, products with export potential will be identified to foster manufacturing and exports from urban areas, ultimately stimulating economic activity within sectors linked to the selected product.

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