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UP Cabinet approves startup policy 2026

UP Cabinet approves startup policy 2026

In UP, the Yogi Aadityanath Cabinet on Monday approved the Uttar Pradesh Startup Policy 2026 and the Uttar Pradesh Startup Mission to boost innovation, entrepreneurship and investment in the state. The new policy aims to make Uttar Pradesh a leading startup hub by providing financial support, incentives and infrastructure to new ventures, with a special focus on artificial intelligence (AI) and deep-tech startups. The government said the initiative will create new employment opportunities for youth and support the state’s goal of becoming a one trillion-dollar economy. Under the new policy, seed funding support for startups has been increased from Rs 7.5 lakh to Rs 15 lakh. In special cases, the assistance can be increased up to Rs 50 lakh. The monthly sustenance allowance has also been raised from Rs 17,500 for one year to Rs 20,000 for two years.

The Cabinet also approved the Uttar Pradesh Startup Mission, which will work under the Department of IT & Electronics as the nodal agency for startup-related activities. The mission will focus on improving coordination between startups, investors, academic institutions, incubators and industry partners. It will also support incubation, mentorship and acceleration programmes across the state.

 


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