Mizoram Entrepreneurship & Startup Policy

  1. The State of Mizoram, owing to factors both historic and geographical, has remained in relative isolation with industrialization and technological advancements that have brought prosperity to so many other states of India having had limited penetration in this far corner of the Country. The young State has suddenly found itself emerging in a globalized economy and now must catch up to her sister-states in this competitive world with an innovative, market oriented and factor endowment-based strategy for growth.
  2. As the engine of economic growth, Entrepreneurship is the ideal approach to address traditional development problems in innovative ways. It is the most feasible option for solving the unemployment problem and the best tool for bringing about equitable distribution of wealth and bridge the gap between the urban and rural areas. Additionally, it is the ideal path for balanced regional development. Proper policy formulation and its implementation could significantly change the face of Mizoram.
  3. The high growth rate being witnessed in the present day among countries such as China, India, Israel, Korea, Vietnam etc. is because of proper groundwork laid for promotion of entrepreneurship in these countries. As noted by the distinguished economist Prof. Tarun Khanna, setting up of hydro projects and construction of large infrastructural projects does not automatically spell development; rather, it is advancement in entrepreneurship which makes these infrastructures meaningful for the growth of the country. 1.4. Presently in Mizoram, about 30 per cent of the population is between 0 and 14 years old, and more than 64 per cent of the population is in the working age group (i.e. 15-59). In terms of demography, Mizoram is entering its golden age to reap demographic dividend with high potential to boost economic productivity. The aspirations and achievements of these young people will shape the future of Mizoram.
  4. As Mizoram is witnessing an emergence of a young business class with sharp entrepreneurial acumen with a drive for success, not only do these potential contributors to the economy need to be encouraged and supported, the spirit of entrepreneurship needs to be promoted further especially among the youth of the State.
  5. With this perspective, the Mizoram Entrepreneurship & Startup Policy, 2019 seeks to build a better environment in which entrepreneurs can innovate and commercialize the results of their creativity, and in which businesses and startups can thrive to create jobs and wealth.