Punjab Aims to Become Indias Startup Hub, Announces CM Mann; Seed Grants of ₹1.07 Crore Distributed

The Punjab government has increased the seed grant assistance under the Punjab Startup & Industrial Policy 2026 from ₹3 lakh to ₹5 lakh. This enhancement aims to provide increased financial support for emerging startups in the region, facilitating their growth and innovation.

The Punjab Startup & Industrial Policy, established to nurture entrepreneurial initiatives, includes various measures to foster a conducive environment for businesses. This increase in grant assistance reflects the government’s commitment to promoting entrepreneurship and attracting investment in the state.

Startups will now benefit from additional funding to develop their products and services, which could lead to more job creation and economic development within Punjab. Stakeholders in the entrepreneurial ecosystem in Punjab, including investors and business leaders, have welcomed this initiative as a step towards bolstering the startup landscape in the region.