The Haryana Industries & Commerce Department and SIDBI Venture Capital Ltd. (SVCL) have entered into a contribution agreement committing ₹100 crore to establish the Atmanirbhar Startup Venture Fund, designed to promote innovation and entrepreneurship in the state.
The agreement was signed by Dr Amit Kumar Agrawal, Commissioner and Secretary of the Industries & Commerce Department, on behalf of the Haryana Government, and Arup Kumar, Managing Director and CEO of SVCL. The initiative was earlier announced in the state budget as part of Haryana’s broader strategy to strengthen its startup ecosystem and improve access to capital for early-stage enterprises.
The fund will primarily target startups working in priority sectors such as artificial intelligence, health-tech, agri-tech, renewable energy, and advanced manufacturing. It aims to provide financial support through equity participation, facilitate access to markets, and encourage technology-driven innovation across these sectors.
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According to officials, the Atmanirbhar Startup Venture Fund will operate as a co-investment vehicle, partnering with other venture funds to scale promising startups originating from or operating in Haryana. By providing structured funding and professional mentorship, the fund is expected to support job creation and industrial diversification within the state.
The Industries & Commerce Department will oversee the implementation in coordination with SVCL to ensure transparent fund management and effective utilisation of resources.