Maharashtra to create Rs 4,000-5,000 crore innovation fund

The Maharashtra government is creating a big pool of money, around ₹4,000-5,000 crore, to help new businesses and ideas grow.

They are asking all government departments to give a small part of their budget for this.

The money will be used to support startups, help them grow, and create special places called innovation centres where people can work on new ideas.

The goal is to have 50,000 new businesses in five years.

They are also making a helpline to guide new business owners, especially those not in big cities.

This will help make sure the money is used well and that the new businesses have a good chance to succeed.