Karnataka Cabinet approves policy to help set up 25,000 start

The Hindu
The Hindu
1M ago
30 views
The Karnataka Cabinet approved a new startup policy aiming to establish 25,000 startups in five years, which is significant for boosting innovation and economic growth in the state.
Karnataka Cabinet approves policy to help set up 25,000 start
A What happened
On November 6, 2025, the Karnataka Cabinet approved the Karnataka Startup Policy 2025-30, which aims to facilitate the establishment of 25,000 startups within five years. The policy allocates a budget of ₹518.27 crore to provide financial support for these startups. A key aspect of the initiative is to ensure that at least 10,000 of the new startups are set up outside Bengaluru, promoting regional development. The policy also emphasizes creating a conducive ecosystem, enhancing infrastructure, and ensuring the availability of skilled manpower necessary for startup growth. In addition to the startup policy, the Cabinet approved several other proposals, including modifications to the INDIRA food kit and administrative approvals for various infrastructure projects.

Key insights

  • 1

    Focus on Regional Development: The policy aims to establish startups outside Bengaluru, promoting balanced growth.

  • 2

    Significant Financial Commitment: A budget of ₹518.27 crore is allocated to support startup initiatives.

  • 3

    Ecosystem Enhancement: The initiative focuses on building infrastructure and skilled manpower.

Takeaways

The Karnataka Startup Policy 2025-30 represents a strategic move to enhance innovation and economic development in the state, particularly by fostering startup growth outside the capital city.

Topics

Business & Markets Economy

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