Mumbai, 05 Aug (HS): The Startup Entrepreneurship and

Innovation Policy 2025 was cleared by the Maharashtra Government during its

Cabinet meeting on Tuesday. The meeting chaired by Chief Minister Devendra

Fadnavis, took seven important decisions.

In a press conference after the meeting, Skill Development

and Employment Minister Mangal Prabhat Lodha said that a loan of Rs 5 lakh to

Rs 10 lakh at 3% interest rate will be given to the entrepreneurs. Any

individual holding a Bachelor’s degree or ITI certificate can avail the

facility. Initially, five lakh people will be selected under the entrepreneurship

development programme.

The Cabinet also cleared the proposal for the Freight

Corridor connecting the Bawdhan Port to the Hinduhriday Samrat Balasaheb

Thackeray Samruddhi Mahamarg; the amendment to the policy to allow commercial

use of additional land by the MSRTC (Maharashtra State Road Transport

Corporation).

Lodha said that 1,124 weavers in Nagpur, associated

with Nagpur Weavers Cooperative Spinning Mill, will be given Rs 50 crore, earned

by the sale of the mill’s land. The Cabinet also decided to change the

reservation of a sports ground in Pachora in Jalgaon district to a residential

plot, and hike in honorarium to the non-government organisations serving the

leprosy patients, from Rs 2,000 to Rs 6,000.

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Hindusthan Samachar / Ajay Vasant Mardikar