Chandigarh, October 24
Haryana Industries & Commerce Department and SIDBI Venture Capital Ltd. (SVCL), a wholly owned subsidiary of SIDBI, today signed a Contribution Agreement (CA) for capital commitment of Rs. 100 crores to Atmanirbhar Startup Venture Fund, a SEBI-registered Category-I Alternative Investment Fund (AIF) – Venture Capital Fund (VCF) managed by SVCL, having a target corpus of Rs. 250 Crores.
During the recent interaction with the Startups and prominent industrialists in September 2025, Chief Minister, Sh. Nayab Singh Saini reaffirmed the state government’s commitment to providing comprehensive support and a robust platform for startups, with a vision of positioning Haryana a global hub for innovation and scripting a new chapter of prosperity through entrepreneurship.
In line with this vision, the Contribution Agreement was signed by Dr. Amit Kumar Agrawal, Commissioner & Secretary, Industries and Commerce Department, on behalf of the Government of Haryana, and Sh. Arup Kumar, Managing Director and CEO, on behalf of SIDBI Venture Capital Ltd. (SVCL).
This initiative is in line with the Budget Announcement of the Government of Haryana for the creation of a dedicated Venture Capital Fund to promote entrepreneurship and support youth in establishing start-ups in terms of financial assistance as well as developing market linkages. The Fund targets scalable, sustainable start-ups across diverse sectors, including AI, health-tech, agri-tech, clean energy, and more. It supports market access, business growth, and tech adoption, while encouraging private sector participation and institutional investment for start-ups in Haryana.
This partnership marks a significant milestone in Haryana’s journey to becoming a leading hub for innovation and entrepreneurship, and reflects the Government’s commitment to building a vibrant start-up ecosystem in the state.
During the signing, Sh. Yash Garg, Director General Haryana Industries & Commerce Department along with officials from SIDBI Venture Capital Ltd. (SVCL) – Sh. Kiran Poojary, Asst. Vice President and CS and Ms. Pradnya S., Senior Investment Associate, were also present.
