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Karnataka Govt Signs up 21 Firms to Turn ST/SC Youth into Entrepreneurs

31Oct By Gauri SinghNo Comments

INDIA

Karnataka Govt Signs up 21 Firms to Turn ST/SC Youth into Entrepreneurs

In a bid to help startups grow and expand, the Karnataka state government has signed up 21 firms including Uber, Ola, Swiggy and Bata for its ambitious programme called Samruddhi. The programme aims at creating 10,000 entrepreneurs annually over the next three years from among the SC/ST youth. Under this, once the youth is skilled and certified by the partner enterprises, he will be free either to opt for a job or start their own venture with seed funding from the Social Welfare Department. The funding support will go up to Rs 10 lakh. For Samruddhi, the stated government has set aside Rs 800 crore. The seed fund approach is a step away from the traditional business loans as the government saw a potential for misuse of these loans. “What we are doing is India’s most aspirational ski...

Karnataka Launches Programme to Fund SC/ST Entrepreneurs

8Oct By Gauri SinghNo Comments

INDIA

Karnataka Launches Programme to Fund SC/ST Entrepreneurs

India has been coming up with various programmes for startups for a long time. The Karnataka State Government has now launched its ambitious programme called Unnati. This programme is basically focused on promoting technology startups steered by SC/ST entrepreneurs as well as those that are developing a product or a solution with a strong rural-focus. “We will support these startups by way of funding which can go up to Rs 50 lakh,” Social Welfare Minister Priyank Kharge said. The programme has been divided into two categories so as to provide benefits. These include: - The startups where an SC/ST entrepreneur has a substantial stake with a hands-on role in the management. For this, the only criterion is the idea has to be good enough regardless of the sector. ...

ISRO to Launch Incubators for Grooming Space Startups

13Aug By Gauri SinghNo Comments

BUSINESS

ISRO to Launch Incubators for Grooming Space Startups

Indian Space Research Organisation (ISRO) is planning to launch incubators across the country for the purpose of grooming the startups that build fresh solutions in rocketry, communication satellites and applications from remote sensing data. The basic motive is to assist the space startups to establish themselves and also create a strong local commercial space ecosystem in the country. As of now, ISRO has got involved with various startups through its commercial arm Antrix Corp. Some of these companies include Bellatrix Aerospace, Aniara Communications and Exseed Space. At present, the research organization is looking forward to incubate startups that would set up applications, offer services and products which it can use internally and help them grow. “We are looking at multipl...

Karnataka Government Issues Violation Notice To Uber,Ola

4Jun By Lavina TolaniNo Comments

News

Karnataka Government Issues Violation Notice To Uber,Ola

A new tussle between Karnataka government and major cab aggregators Ola and Uber have come into play, where the state government has issued a notice to the ride-hailing companies for violating against rules for charging the time-based fare. As per new traffic rules stated under Rule 11(a) of the Karnataka On-demand Transportation Technology Aggregators, cab companies cannot charge on the basis of time and hence the notice has been issued to the companies seeking an explanation for their policy of charging based on an average of Rs 1 per minute. According to a statement cited by sources, "Licence holders have to collect hire charges from passengers as per fares fixed by the government. But companies are violating the rules. Appropriate action will be initiated against the errant cabs....

Karnataka Govt Signed MoUs With Eight Companies, Including Google and PwC

31Aug By Press Trust of IndiaNo Comments

INDIA

Karnataka Govt Signed MoUs With Eight Companies, Including Google and PwC

The Karnataka government today signed MoUs with eight companies including Google and PwC to cater to the needs of the identified 100 startups under the state's 'Elevate 100 programme.' "Google which will provide $3000 worth of cloud credits for startups registered with Startup Cell and $20,000 worth of cloud credit for startups who are winners of Elevate100," said state IT Minister Priyank Kharge. Elevate 100 is a government project which will help elevate selected 100 startups by providing them funds and mentors to help them turn their ideas into successful businesses. PwC will provide mentoring and consulting services for sustainable growth of startups and Yes Bank will give banking services, API Integration and customized solutions for these startups. Kotak Bank will provide hel...

Amid Stayzilla Controversy, Karnataka IT Minister Said No Startups, Vendors Are Above The Law

26Mar By AnkitaNo Comments

INDIA, News

Amid Stayzilla Controversy, Karnataka IT Minister Said No Startups, Vendors Are Above The Law

Amid the raging Stayzilla controversy, Karnataka IT Minister Priyank Kharge today said no industry, including startups and vendors, are above law and should function within the parameters and anybody raising money should pay up. Yogendra Vasupal, co-founder of Stayzilla, was arrested on March 14 for alleged cheating and criminal intimidation. "Stayzilla controversy has been blown out of proportion. However the advise I would give in this whole episode is that there are rules and regulations for everyone - whether it is for SMEs, startups or big corporations."If you have raised or taken money, you have to pay up. You cannot say I will not pay," Minister told Pixr8. Asked whether advertising firm Jigsaw alone should be blamed for the entire Stayzilla episode, as alleged by Vasupal, ...

Karnataka HC Extends Relax on Interim Ban of Ola, Uber Cabs

21Jun By Press Trust of IndiaNo Comments

INDIA

Karnataka HC Extends Relax on Interim Ban of Ola, Uber Cabs

The Karnataka High Court today extended till June 23 its interim order directing the state transport department not to seize cabs affiliated to Ola and Uber for allegedly plying without licence, and restraining cab aggregators from demanding surge price from commuters. Extending the interim order, Justice Aravind Kumar said "since the date of the interim order ends today, this court extends it till June 23." The order had directed the cab operators not to demand surge price from commuters and asked the Karnataka Transport department not to impound cabs affiliated to Uber and Ola for plying without licence. The High Court also admitted an application filed by Radio Taxi Operators, seeking permission to implead in the case, in a move to defend the governments on-demand transportation te...

29Jan By AdityaNo Comments

INDIA

Malpe Becomes First Beach In India to Get Free Wi-Fi

Udupi: Malpe beach based in Karnataka has become the first beach in India to get free Wi-Fi connectivity. Local MLA Mr. Pramod Madhwaraj launched the 24x7 Wi-Fi connectivity at Malpe beach. After launching the facility, Madhwaraj said, "Malpe beach is a good place for spending time with friends and family. The Malpe beach committee is focusing on providing quality service in terms of sanitation facilities, parking system for tourists, maintaining cleanliness and so on." "The committee has spent Rs 80 lac on beach development works. The beach committee constructed a watchtower recently for beach viewers. It has appointed six lifeguards, four workers for keeping the beach clean and three have been appointed to keep St Mary's Island neat and clean. "The committee has also spent Rs 4 cror...