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UK Sinha committee recommends Telangana startup policy for startups in other states

UK Sinha committee recommends Telangana startup policy for startups in other states

Reserve Bank of India (RBI) backed UK Sinha committee has recommended that Telangana's innovative model for start-ups should be assessed for possible replication in other states.

UK Sinha, the former Chairman of SEBI, led committee submitted its report in June 2019.

The state's various incentives for startups and incubators are the reasons for its mention in the report.

What is Telangana’s Startup Model?

In its report, the committee noted that the Telangana’s startup model is based around five pillars namely:

  • physical infrastructure development
  • program management capabilities
  • sustainable funding models
  • focus on developing human capital and promoting experimentation
  • innovation from early education

Also, the state had introduced various incentives for startups and various initiates for the startup ecosystem in the state.

Some incentives include making the startup incubators’ eligible for 100% stamp duty reimbursement and registration fee paid on sale deeds on first transaction and 50% thereof on the second transaction.

UK Sinha Committee

In June 2019, the Reserve Bank of India (RBI) constituted a committee under former SEBI Chairman UK Sinha to address issues regarding the sustainability of Micro, Small and Medium Enterprises (MSMEs).

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