Chandigarh, April 12 -- In a major boost to Punjab's startup ecosystem, Industry and Commerce Minister Sanjeev Arora on Saturday announced that the state government has removed the upper limit on startup funding approvals for this year, pledging to clear all eligible applicants. "We had disbursed Rs.6 crore to startups last year, and this year there is no upper limit, we shall approve all eligible startups," Arora declared on the second day of TiECON'26

Arora also announced that seed money for startups has been enhanced from Rs.5 lakh to Rs.15 lakh, and underlined Mohali's emergence as the Silicon Valley of Punjab as central to the state's IT ambitions. He flagged AI driven startups for MSME units and affordable public healthcare as the ...