Haryana govt signs Rs 100 crore agreement with SVCL for Atmanirbhar Startup Venture Fund

The Haryana Industries and Commerce Department and SIDBI Venture Capital Ltd. (SVCL) signed an agreement on Friday to invest ₹100 crore in the Atmanirbhar Startup Venture Fund.

In September, Chief Minister Nayab Singh Saini met with startups and industrialists and reiterated the government’s commitment to fully support startups. He said Haryana aims to become a global innovation hub and drive growth through entrepreneurship, according to an official statement.

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In line with this vision, the agreement was signed by Amit Kumar Agrawal, Commissioner and Secretary of the Industries and Commerce Department, representing the Haryana government and Arup Kumar, Managing Director and CEO of SIDBI Venture Capital Ltd. (SVCL).

This initiative aligns with Haryana’s budget plan to set up a dedicated venture capital fund that promotes entrepreneurship, helps youth start businesses, offers financial support, and builds market connections.

The fund will focus on scalable and sustainable startups across various sectors such as AI, health-tech, agri-tech, clean energy, and others.

The fund will help startups in Haryana gain market access, grow their businesses, and adopt new technologies while encouraging private-sector and institutional investments, the statement said.

It added that this partnership is a major step toward making Haryana a leading hub for innovation and entrepreneurship, reflects the government’s commitment to building a strong startup ecosystem in the state.

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