Chandigarh, September 12 – In a major push to Haryana’s rapidly growing startup ecosystem, Chief Minister, Sh. Nayab Singh Saini, on Saturday reviewed progress towards operationalising the proposed Haryana Startup Fund of Funds (FoF) with a corpus of Rs. 2,000 crore. The Fund is envisaged as a robust financial mechanism to support startups at different stages of growth, attract private capital and give further impetus to innovation and entrepreneurship in the State.

 

Chairing a high-level review meeting at the Secretariat, the Chief Minister said that in view of Haryana’s consistent progress in innovation and entrepreneurship, it is essential to put in place a strong financial mechanism to provide financial support to startups at various stages of their growth.

 

He said that timely access to capital is a key factor in the success of startups and directed that the process for the establishment and operationalisation of the Haryana Startup Fund of Funds be taken forward in a time-bound manner.

 

Sh. Nayab Singh Saini said that the Fund would play an important role in promoting investment and innovation in the State, attracting private capital and supporting high-potential startups emerging from Haryana.

 

 

He reiterated the State Government’s commitment to promoting entrepreneurship and innovation and emphasised the need to operationalise the Fund at the earliest and effectively achieve its stated objectives. Various aspects related to the Haryana Venture Capital Fund were also discussed during the meeting.

 

Chief Secretary, Sh. Anurag Rastogi,  Principal Secretary to Chief Minister, Sh. Arun Gupta, Director General, Industries and Commerce Department, Dr. Yash Garg, CA, Smt. Rashmi Khetarpal and other senior officers were present at the meeting.

 

No.IPRDH/2026

 

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(Release ID: 5878)