Hyderabad: Telangana State Innovation Cell (TSIC) said it will extend incentives for innovations and startups with rural impact. Named as Telangana State Innovations for Rural Impact Incentives (TSIRII) and hosted by TSIC, the incentives aim to augment market-viable innovations and startups with grassroots impact at various stages. The incentives will scale a proof of concept […]
The Niti Aayog in its status quo analysis of electric mobility in India also said the government should include EVs and associated businesses in the priority sector lending category.
The eligible startups can leverage incentives under performance grant, patent expenditure reimbursement, SGST reimbursement and recruitment assistance.
The focus should be on moving towards EVs, but also on moving people and not moving vehicles which can be achieved through public transportation and its electrification, said Niti Aayog CEO
