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Bhopal : Chief Minister Dr. Mohan Yadav has said that since ancient times, we have full understanding of trade and business, because hard work, entrepreneurship, innovation and business are in the values ​​of us Indians. He said that Madhya Pradesh is a state of new opportunities. It is the youth who lead the country towards new thinking and new direction. Their innovations become the basis of development. Therefore, we have made our resolve to encourage innovations. There are more than 6 crore MSMEs in India, which contribute more than 30 percent to the country’s GDP. The share of MSMEs in total exports is up to 45 percent. Chief Minister Dr. Yadav said that the contribution of start-ups in strengthening the Indian economy is incomparable. India has become the third largest start-up eco-system in the world. Chief Minister Dr. Yadav said that today our country has become the fourth largest economy in the world. Under the leadership of Prime Minister Narendra Modi, with the cooperation of everyone in the country, India will soon become the third largest economy in the world. Chief Minister Dr. Yadav was addressing the 2-day Madhya Pradesh Start-up Summit-2026 organized at Ravindra Bhawan on Monday.
During the summit, Chief Minister Dr. Yadav transferred incentive amount of more than Rs 2.5 crore to 156 start-ups and loan amount of more than Rs 8.17 crore to 21 start-ups under Mukhyamantri Udyam Kranti Yojana through a single click. Chief Minister Dr. Yadav honored the founders and incubators of various successful and developing start-ups. Memorandums of Understanding (MoUs) were also signed at the summit between the Central Bank of India, Karvy Start-up Labs and Start-up Middle East, along with a five-year MoU with the Federation of India Export Organization along with the Department of Micro, Small and Medium Enterprises. Chief Minister Dr. Yadav also released a booklet focusing on successful start-ups established in Madhya Pradesh. Chief Minister Dr. Yadav presented the Chief Minister Udyam Kranti Yojana and M.P. to the founders of 4 start-ups from the stage. Provided bank loan and investment assistance respectively under Start-up Policy and Implementation Plan-2025.
Chief Minister Dr. Yadav has said that this 2-day event is wonderful for encouraging start-ups of young people. India has achieved a new position today on the strength of its capacity and capability. All the intelligent youth have a big contribution in this. He said that the country’s great scientist Dr. Jagadish Chandra Bose first told the world that plants have life. He revealed many mysteries related to plant life through gastrography. Scientist Dr. Bose demonstrated the discovery of waves in Calcutta in the year 1895. After this, Marconi received the Nobel Prize for this discovery, although this discovery was made by Dr. Bose. The only difference was that their start-up was not recognized by our people. His work was followed by two scientists each. But now under the guidance of Prime Minister Modi, all types of start-ups and research are being encouraged across the country. A portal for this work was launched from Indore in the year 2022. Policies to encourage innovations and start-ups are implemented in Madhya Pradesh. Today, more than 2200 start-ups are working in Indore alone.
Chief Minister Dr. Yadav said that the youth of the state are continuously innovating. Along with solving the basic problems of life, the state government is also encouraging all kinds of innovations. Along with the Central Government, the State Governments are also making continuous efforts to make India economically prosperous. Expressing hope, he said that on the strength of youth, we will very soon become the third and then number-1 economy of the world.
Micro, Small and Medium Enterprises Minister Chaitanya Kashyap said that youth power can change the world on the strength of its abilities. Swami Vivekananda was a saint who recognized the power of youth and inspired them for the development of the nation. We learn about the future from the victories and defeats we experience in childhood. The state government has initiated the Start-up Policy 2025 to encourage innovations. An initial assistance of Rs 10,000 is being provided through the incubation center to entrepreneurs starting start-ups with new ideas. The state government is always standing with new start-ups and new ideas. Innovations in agriculture, entrepreneurship and urban bodies are being encouraged in the state. Madhya Pradesh has now become a state of innovations and opportunities.
Chief Secretary Anurag Jain said that Swami Vivekananda was an inspiration for the youth. Today the youth of Gen-G and Gen-Alpha world are setting up start-ups. Prime Minister Modi launched Start-up India, Stand-up India for the first time in India on 16 January 2016. Now the policies of the state government are such that all the problems of start-ups have been included in them. He said that along with various types of grants being given to start-ups, support is also provided in company establishment. Now a company can be started in the state in one day, whereas in a developed country like Germany it takes 22 days. Start-ups have done the work of shaping the imagination of the youth of the country. The dreams of the youth have got new wings and they have become job creators. India now has the third largest start-up eco-system in the world. Start-ups have given a new impetus to India’s economy. Only the innovative entrepreneurs among us can understand our problems. Young entrepreneurs identify the problems of the society and solve them through start-ups. Always keep yourself updated with technology. Never be afraid of failure. The state government is always ready to work with the youth on innovative ideas.
Principal Secretary, Industrial Policy and Investment Promotion Raghavendra Kumar Singh said that India has now become the third largest start-up eco-system in the world. More than 1.59 lakh DPIIT start-ups are registered here. There are also more than 100 unicorns with a turnover of more than one billion dollars. The youth are getting more than 16 lakh direct employment. He said that more than 6500 registered start-ups are operating in Madhya Pradesh. Of these, more than 3100 start-ups are led by women. The state government has implemented a new start-up policy last year. Madhya Pradesh is a leader state in the start-up sector. The state government wants to increase the number of start-ups to 10 thousand with innovative thinking. Start-ups are being given grant of funds and incentive subsidy. The leadership of 47 percent of start-ups operating in Madhya Pradesh is in the hands of women. Our women can also become good entrepreneurs. Today, the youth of the state are becoming entrepreneurs who provide employment rather than seeking jobs. Start-ups are being provided support through incubation centres. Along with strengthening the digital infrastructure in the state, awareness is also being created about Intellectual Property Rights (IPR).
Young entrepreneur Ankit Aggarwal, Founder and CEO of “Insurance Dekho” start-up said that the current young entrepreneur focuses on solving all the problems of the country. If young entrepreneurs come up with ideas, the central and state governments will provide all possible help. Chief Minister Udyam Kranti Yojana shows the youth the way to move forward.
Vineet Rai, founder of Avishkar Group start-up, said that he has returned to Bhopal after 30 years after studying at IIFM. He told that he started his business with Rs 5000. Success and failure always happen in the field of business. He called upon the youth to not only think about making money, but also to always keep their life values ​​together. This is the key to success.
A large number of young entrepreneurs including Commissioner MSME Dilip Kumar, Anju Gupta, Anurag Asati, Aditya Chaurasia, Dr. Mayur Sethi, Mahavir Pratap Sharma, Khushwant Jain, Pradeep Karambelkar, Archana Jahangirdar were present in the start-up summit.
Visited the exhibition
Chief Minister Dr. Yadav inaugurated the huge exhibition of start-ups organized by the Department of Micro, Small and Medium Enterprises by cutting the ribbon in the Rabindra Bhawan complex. Chief Minister Dr. Yadav visited all the stalls and took information about the start-ups and congratulated the founders for their innovations.
Madhya Pradesh Start-up State Level Award Winner
Best Young Entrepreneur Category: Ishita Modi, Varun Raheja, Tejas Jain,
Best Female Entrepreneur Category: Rashi Bahl Mehra, Dr. Himansha Singh, Urvashi Porwal
Best Growth Start-up Category: Arif Qureshi, Sawan Ladda, Aarti and Govind Aggarwal.
Early States Start-up Category: Pulla Krajwani, Yash Sethia, Shruti Garg
Best Innovation Start-up Category: Bharat Kritwani, Shubham Singh, Prateek Vats, Deepesh Srivastava
Best Rural Start-up Category: Vandana Mishra, Aashi Bithare, Dr. Vishesh Kasliwal
Best Incubators Category: Ronald Fernandes, Dr. Akash Rai, Dr. Chris Paul, Dr. Anurag Rai
He received the Hackathon Award
Code It Category: Winner Rahul Rai, Runner-up Jayesh Totley
Build It Category: Winner Muskaan Khare, Runner-up Palak Raghuvanshi
Ship It Category: Winner Dr. Nilay Sharma, Runner-up Sunita Raghuvanshi
