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Delhi : Exciting News For Entrepreneurs

The Logical Indian

November 24th, 2014

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Outlining some of her party’s manifesto promises for the Capital, Aam Aadmi Party leader Meera Sanyal said that AAP, if voted to power in the Capital, will strive to create a “friendly and wholesome ecosystem” for businesses, startups especially.

“When Sandeep Bhikchandani of Naukri.com wanted to start a business he had to go to his garage to do it. You can’t afford space at that stage. We are committing to set up a large incubation centre spanning 30 lakh square feet in the Capital where you can run your start up for the first few years for a nominal fee of Rs 5,000 a month. Basic facilities such as cubicles, WiFi, electricity, water will all be available for a nominal monthly rent,” she said.

According to Sanyal, AAP’s promise is close to the Shoreditch model, where a rundown inner city district of East London was converted into a startup hub with the creation on incubators with help of private players.

AAP will also start a higher education guarantee scheme which will offer education loans to all applicants without any eligibility criteria. “There is a great desire in our country for higher education. The affordability of that is a great issue. We believe that every child irrespective of his or her financial background should be able to access higher education,” she said. An applicant should only be a domicile of Delhi and should have also secured admission in a college to apply for the loan. Students can start paying back the loan after six years.

The Logical Indian lauds the Aam Aadmi Party’s progressive ideas. We sincerely hope it will not remain empty rhetoric. We look forward to a similarly progressive manifesto from the Congress and the BJP in Delhi.

-Via The Economic Times

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