Jammu, Feb. 23 -- The government has approved J&K Start-up Policy 2024-27 in supersession to the Start-up policy notified in the year 2018, an official spokesperson informed Thursday.

He said the policy has the objective of setting up 2000 new Start-up in Jammu & Kashmir in the next five years.

The Administrative Council (AC) which met here under the chairmanship of Lieutenant Governor, Manoj Sinha, approved the new policy, for which the Government of Jammu & Kashmir will set up a Venture Capital Fund of Rs 250 crores and will infuse a maximum of Rs 25 crores as an initial fund to this fund.

Rajeev Rai Bhatnagar, Advisor to the LG; Atal Dulloo, Chief Secretary; Mandeep Kumar Bhandari, Principal Secretary to LG attended the meeting.

Th...