Punjab CM Bhagwant Mann disburses ₹1.07 Cr to 31 Startups, increases Seed Grant

Punjab Chief Minister Bhagwant Mann announced that the state is emerging as a startup hub, distributing ₹1.07 crore in seed grants to 31 startups. Seven startups received ₹5 lakh each, while 24 received ₹3 lakh each. This is part of the 'Punjab Startup and Industrial Policy-2026', which increased the seed grant from ₹3 lakh to ₹5 lakh. The initiative aims to foster entrepreneurship, create jobs within Punjab, and reduce the trend of youth seeking opportunities abroad. Mann highlighted the government's commitment to providing financial assistance and promoting innovation through various schemes like free electricity and daytime power supply for farmers.

6/9/2026