Electronic Development Fund For Start-Ups Soon: Prasad


KOCHI: Recommending replication of Kerala's Startup Village model in other states in India to boost entrepreneurship, union Communication and Information Technology Minister Ravi Shankar Prasad said the government will set up an electronic development fund for start-ups across the country.

"I am very happy that Kerala has done good work. We need to replicate it. In order to promote entrepreneurship in IT, the central government has come up with the concept of electronic development fund with the government partnering with angel funds to fund startups in IT, electronics and manufacturing," said Prasad during a visit to the Village.

Terming the Modi government's 'Digital India' campaign as a revolutionary plan to bridge the gap between the digital haves and have-nots, he said the entire profile of India will change in the next four to five years.

"We propose to connect 2,50,000 gram panchayats across the country with a national optical fibre network in the next three years. Kerala is doing very well in this. By the end of this financial year, all gram panchayats in the state will have the national optical fibre network. E-education, e-commerce and e-health will ride on that," he noted.

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Source: IANS