30 startups identified through 'Swachhata Startup Challenge'

Tags: National Economy/Finance National News

On 19 September, the Ministry of Housing and Urban Affairs (MoHUA) organized a Startup Conclave at the Ambedkar International Center in New Delhi.

IMPORTANT FACTS -

• The Ministry of Housing and Urban Affairs (MoHUA) will felicitate 30 startups identified through the Swachhta Startup Challenge to help strengthen the sanitation and waste management sector.

• The day-long conclave will provide a platform to startups to gain experience, knowledge and learning that will help them find their way into the sector to successfully scale up their solutions.

• Some Urban Local Bodies (ULBs) will engage in a 'reverse pitch' to highlight specific grassroots challenges, to motivate startups to work towards finding innovative solutions to the challenges.

• Swachh Bharat Mission - Urban, implemented by MoHUA, focuses on innovation and encouragement for startups to adopt locally innovative, implementable solutions and business models and promote waste management.

About Swachhta Start-up Challenge ?

• It was launched to increase innovation in waste management.

• It was launched by the Agence Francaise de Developpement (AFD) and the Department of Promotion of Industry and Internal Trade, DPIIT. 

• The AFD is a French public financial institution that implements the policies of the French government.

• The objective of this challenge is to harness the entrepreneurial potential of the waste management sector in India and promote an enabling environment for enterprise development.

• The top ten winners of this challenge will be given a prize money of Rs 25 lakh.

• Union Ministry of Housing and Urban Affairs (MoHUA) - Hardeep Singh Puri