Mobile-Tech Startups Assisting E-Governance To Be Funded By Government


In a first-of-its-kind initiative, the government also launched an e-governance app store last week. It now houses 20 apps, hosted by the National Informatics Centre, which is responsible for maintaining government websites. Union minister for communications and IT Kapil Sibal, who launched the store, said "the app stores will help citizens receive services in a more streamlined manner and improve transparency in governance."

Lately the government is taking active interest in backing emerging ventures. In his budget speech, P Chidambaram, finance minister, said that the government is in the process of  setting up 200-crore fund to scale up scientific innovations. Investors have also committed up to 400 crore for the India Inclusive Innovation Fund that will back ventures that address the needs of low-income communities. The government expects the size of the fund to eventually expand to at least 5,000 crore and it is to receive Cabinet approval later this year. Initiatives are forecasting an excited future for many ventures to take roots and flourish. 

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