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Under this initiative, the ministry will select 100 start-ups which will be provided Rs 20 lakhs as funding support as well as mentorship
Photo Credit : PIB
Union Minister of Housing and Urban Affairs (MoHUAl) Hardeep Singh Puri on Saturday launched the ‘India Water Pitch-Pilot-Scale Start-up Challenge’ under the ministry's atal mission for rejuvenation and urban transformation (AMRUT) 2.0.
The Ministry of Housing and Urban Affairs in a press statement said that in line with the vision of PM Modi, the technology sub-mission to engage startups as ‘technology partner’ has been approved by the cabinet under AMRUT 2.0.
The mission aims to empower startups in the water and used-water sector to grow through innovation and design that will drive sustainable economic growth and generate employment opportunities, according to the ministry.
Under this initiative, the ministry will select 100 start-ups which will be provided Rs 20 lakhs as funding support as well as mentorship.
Puri emphasised the important role being played by the startups and assured them of full and active support from the government. He said that the startups are the flavour of the season, as the number of Unicorns in the country has jumped, by leaps and bounds.
Puri said that AMRUT 2.0 is a transformative and unique scheme, with a huge outlay of over Rs 2.77 lakh crore. He said that the scheme will ensure water security in the country, reduce its transportation costs, reduce groundwater contamination, and increase water utilisation capacity.