hello I am karan, i am a student pursuing engineering
As part of e.v.s. project we were researching various government policies like rural development policy, dhan yojna etc
I noticed setting up a manufacturing unit has several subsideries in rural area than the ones in urban areas,
Are there any more advantages of having a start up in rural area?
- karan asked 12 months ago
yes, The government has modified the Start Up India innitiative to reach the rural areas as ‘Deen Dayal Upadhyay Swaniyojan Yojna’
This is done in order to attract investors in the rural side and develop it
Under this scheme basic skill set for employment training will be provided by the government
This is also backed by MUDRA bank loans, innovative credit link to people and self help groups.
The biggest advantage of startup in rural area is abundant cheap labor that can be taught about operating machines and technology easily