The Assam Government aims to create an ecosystem for start-ups in Assam and to establish Assam as the entrepreneurial hub of Northeast India. The Assam Startup policy primarily focuses on generating employment, nurturing start-ups in the initial stage, and stimulating Startup culture in the state.
The key highlights of the Assam Startup Policy Draft 2017 include four pillars:
Digital Startup Ecosystem: This includes the development of a Startup portal and app which will facilitate information aggregation and infrastructure booking. The portal shall also include online learning and development programs. A dedicated helpline will also be made operational.
Development of Infrastructure: Creation of Startup incubator space will take place in Guwahati in the first phase and then in Dibrugarh and Silchar along with the establishment of ESDM (Electronic Systems and Design Manufacturing) innovation center.
Funding and Other Incentives: Registered start-ups shall get fiscal incentives and benefits along with loan schemes with interest subsidy among other reimbursements.
Human Capital and Skill Development: In order to boost innovation, the government plans to create a conducive environment at the school and college level. Compulsory EDCs (Entrepreneurship Development Cells) shall also be established in every college.
Ease of Doing Business in Assam aims to create a platform for providing the best support towards the prospective and existing business community in the state and drives forward the state's vision of prosperity for all - by employing technology, innovation, inclusivity, and sustainability as key factors for development. It provides objective measures of business regulations.
Ease of Doing Business in Assam encourages economies to compete towards more efficient regulation; it looks at domestic small and medium-sized companies and measures the regulations applying to them through their life cycle.