41 Startups Closed in Jammu Kashmir | Kashmir Life

SRINAGAR: Jammu and Kashmir has recorded 41 startup closures as of October 31, 2025, according to the Ministry of Commerce and Industry. This was part of a broader parliamentary reply to an unstarred question in the Rajya Sabha by Javed Ali Khan, answered by the Minister of State for Commerce and Industry, Jitin Prasada. While 6,385 startups across India were listed as closed, the government noted that there has been no significant increase in shutdowns compared to previous years, attributing closures to business viability, market alignment, economic conditions, and funding challenges.

The Startup India initiative continues to support emerging enterprises across Jammu and Kashmir. Under the Startup India Seed Fund Scheme (SISFS), the union territory received Rs 2.1 crore in 2023 to incubators supporting early-stage ventures, though no funds were disbursed under this scheme in 2024 and 2025. Additionally, the Fund of Funds for Startups (FFS) and Credit Guarantee Scheme for Startups (CGSS) provide further capital and credit support, helping businesses scale operations.

Nationally, the government highlighted that a total of 1,97,692 entities have been recognised as startups, with efforts to provide funding, mentorship, and collateral-free loans ongoing through multiple schemes. In Jammu and Kashmir, these measures aim to nurture innovation, create employment, and strengthen the entrepreneurial ecosystem, particularly in sectors such as IT, handicrafts, tourism-related services, and local manufacturing.