The Maharashtra cabinet on Tuesday approved a new policy to support startups and entrepreneurs across the state. The goal is to recognise 50,000 startups and help create 1.25 lakh (125,000) entrepreneurs over the next five years, making Maharashtra a leading hub for innovation in India, officials said, according to the PTI.

The Maharashtra Startup, Entrepreneurship and Innovation Policy 2025, developed by the Department of Skills, Employment, Entrepreneurship and Innovation (SEEID), will be implemented by the Maharashtra State Innovation Society (MSInS).

The policy aims to build an inclusive and strong startup ecosystem, supporting urban, rural, women-led, and youth-led businesses. It also targets cutting-edge sectors like AI, FinTech, MedTech, Deeptech, Cybersecurity, and Sustainability.