category Regional, chandigarh, , tags Regional, chandigarh, , DW BUREAU Chandigarh Haryana Deputy Chief Minister Dushyant Chautala said that under the Padma scheme, the interest of investors has increased in the state. He said that this will give impetus to employment and holistic development of the state. The Deputy CM, who also holds the portfolio of Industries and Commerce Department, gave this information after presiding over the review meeting of Padma here today. Minister of State for Industries and Commerce Anoop Dhanak was also present on the occasion. Deputy Chief Minister Dushyant Chautala suggested to the officers that for the PADMA cluster land area, minimum area of 100 acres to be modified to 25 acres as originally envisaged so that more and more investors can apply for it. He also informed after the meeting that a venture capital fund would also be set up by the Haryana government under Padma so that more and more youth could become entrepreneurs under One Block-One Product. He said that the way the state government has planned a venture capital fund of Rs. 200 crores up to Rs. 5 crores in the budget to encourage youth to set up startups, similarly to encourage Padma a Venture capital fund will be created. He said in the recently presented budget also Rs 1,000 Crore has been proposed for Padma in the next five years, through which new innovative incentives like designing, branding, marketing and export promotion scheme will be introduced. Chautala said that the state government has started the One Block-One Product initiative under the Padma scheme of the Central Government. The main objective of this initiative is to promote micro and small enterprises at the block level by taking advantage of the cluster approach and promote balanced regional development. The Deputy CM said that incubation centres will be set up to encourage youth to set up startups and promote entrepreneurship among youth with requisite skills, personality and communication skills and loans from banks, financial institutions and venture capital funds. (editor dailyworld.in)