Technology Centre Network to be Established

The Union Finance Minister Shri Arun Jaitley while presenting the General Budget 2014-15 in Parliament today announced proposal to establish Technology Centre Network to promote innovation, entrepreneurship and agro-industry. He proposed in the Budget to set-up a corpus fund of Rs. 200 crore. The Finance Minister has announced to develop an entrepreneur friendly legal bankruptcy framework for SMEs to enable easy exit. He said that a nationwide "District level Incubation and Accelerator Programme" would be taken up for incubation of new ideas and providing necessary support for accelerating entrepreneurship.

Source : Press Information Bureau

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