Financial Issues

  1.  The State Financial Institutions and the Banks, in line with the approved policy of Government of India, treat IT Software and IT Services as priority sector.

  2. State Financial Institutions and the banks are allowed to invest in this industry in the form of equity in line with the approved policy of Government of India.

  3. The State Govt. will facilitate the creation of a Venture Capital fund of Rs. 20 crore in association with the State Co-operative bank, SIDBI and other Financial Institutions to meet the equity requirements of the Small and Medium Enterprises/IT Startups.