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Punjab Chief Minister Bhagwant Singh Mann connected Tuesday (June 9, 2026) distributed effect grants worthy ₹1.07 crore to 31 startups and their founders, asserting that State’s adjacent procreation of palmy entrepreneurs should besides physique their companies here, creating jobs and wealthiness wrong Punjab.
Describing startups arsenic a cardinal pillar of Punjab’s aboriginal economical growth, Mr. Mann said the Punjab Government is committed to ensuring that nary promising thought is abandoned owed to deficiency of fiscal support.
The Chief Minister noted that nether the Punjab Startup & Industrial Policy 2026, Seed Grant assistance has been enhanced from ₹3 lakh to ₹5 lakh, with 7 startups receiving grants of ₹5 lakh each and 24 startups receiving ₹3 lakh each. He expressed assurance that these ventures would make thousands of employment opportunities and assistance trim the request for younker to determination overseas successful hunt of jobs.
Emphasising that innovation has go a defining diagnostic of governance successful Punjab, CM Bhagwant Singh Mann said initiatives specified arsenic escaped electricity, daytime powerfulness proviso to farmers and respective different reforms person demonstrated however caller ideas tin present nonstop benefits to people. He said that with sustained enactment for entrepreneurship, innovation and enterprise, Punjab is firmly connected the way to becoming the startup hub of India.
Addressing the gathering during the Startup Punjab Seed Distribution function, CM Mann said, “Today is simply a historical time for Punjab’s industry, particularly for our young entrepreneurs who are opening their concern travel with innovative ideas and a tone of innovation. Seed Grants worthy ₹1.07 crore are being distributed to 31 startups. Seven startups are receiving grants of ₹5 lakh each, portion 24 startups are receiving grants of ₹3 lakh each. These young entrepreneurs are turning their dreams into world done innovative ideas and they genuinely merit this support.”
Drawing a parallel betwixt entrepreneurship and politics, CM Bhagwant Singh Mann said, “The Aam Aadmi Party (AAP) itself was calved from an thought astatine a clip erstwhile dynastic authorities dominated the state and the communal antheral had been sidelined. In galore ways, AAP was besides a startup that cleaned the governmental strategy with its awesome of the broom. In the 2022 Assembly elections, the radical of Punjab rejected 7 erstwhile Chief Ministers and their families and gave an accidental to an honorable government. That determination has transformed Punjab and made it a frontrunner authorities successful the country.”
“Such programmes were ne'er connected the docket of erstwhile regimes that ruined Punjab and plundered its resources. The Punjab Government is making each effort to guarantee that the younker payment from specified initiatives and assistance marque Punjab a starring State successful the country,” helium said, taking a swipe astatine erstwhile governments successful the State.
Highlighting the entrepreneurial tone of Punjabis, Mr. Mann said, “Punjabis are renowned crossed the satellite for their hard work, determination and enterprise. Inspired by the aforesaid spirit, our younker are launching caller ventures and creating opportunities. They are not simply moving businesses, they are shaping the aboriginal of Punjab.”
Citing examples of palmy entrepreneurs with Punjabi roots, helium said, “Many palmy companies successful India and crossed the satellite person been founded oregon co-founded by Punjabis. Companies specified arsenic Zomato, Ola and Flipkart are examples of however Punjabis person proven their capableness globally. Punjab has ever been a onshore of enterprise. Wherever Punjabis go, they make value, physique businesses, make employment and gain respect. Our extremity is that the adjacent procreation of palmy founders should not lone travel from Punjab but should besides physique their companies successful Punjab.”
“At Pangyo Techno Valley successful South Korea, we saw however a planned innovation ecosystem tin alteration an full region. The exemplary demonstrated that erstwhile the ecosystem is designed properly, ideas tin go planetary companies. Similarly, during my sojourn to the World Horti Center successful the Netherlands, I witnessed however innovation tin alteration agriculture and horticulture done testing, objection and commercialisation of caller technologies,” Mr. Mann said, recalling his visits abroad.
Credit: Punjab govt
The Chief Minister said startups would play a large relation successful Punjab’s translation by generating employment and inspiring assurance among young people. “We privation each entrepreneur to go a marque ambassador of Punjab. Wherever you go, transportation the sanction of Punjab with pridefulness and archer the satellite that Punjab is acceptable for innovation, Punjab is acceptable for startups and Punjab is acceptable for the future,” helium said.
Assuring implicit support, helium said, “We volition handhold you, perceive to you, enactment you and resoluteness each trouble you face. Just arsenic a tiny effect requires water, nourishment and attraction to turn into a steadfast plant, an entrepreneur needs archetypal fiscal enactment to alteration an thought into a palmy business. Many superb ideas neglect due to the fact that entrepreneurs deficiency resources successful the aboriginal stages, but the Punjab Government volition not let the dreams of young entrepreneurs to beryllium crushed owed to deficiency of funds.”
“Never deliberation small. Dream big. Set your sights connected gathering planetary companies that tin vie connected the satellite stage. When you succeed, you volition not win alone. You volition bring pridefulness to your parents, your assemblage and Punjab,” helium added.
Cabinet Minister Aman Arora, Vice Chairperson of Punjab Development Commission Seema Bansal, Chief Secretary KAP Sinha and respective different dignitaries were contiguous connected the occasion.
