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Maharashtra’s New Growth Strategy Focuses on Skills, Startups and Innovation

Maharashtra’s New Growth Strategy Focuses on Skills, Startups and Innovation

Maharashtra is repositioning itself for the next phase of economic growth by placing strong emphasis on skills development and innovation. The state government is looking beyond traditional growth drivers and focusing on building a future-ready workforce, strengthening innovation ecosystems, and supporting emerging industries. This shift reflects the changing nature of the economy, where talent, technology, and adaptability play a bigger role than ever before. From skilling youth to supporting startups, the state is aiming for sustainable and inclusive growth.

I am writing about this topic because Maharashtra’s approach highlights an important shift in how states are planning for the future. Growth today is no longer just about infrastructure or large industries. It is about people, skills, and ideas. Understanding this strategy helps students, job seekers, entrepreneurs, and businesses see where opportunities may emerge in the coming years. It also shows how public policy can shape long-term economic resilience.

Why Maharashtra Is Focusing on Skills and Innovation

The global economy is changing rapidly, driven by technology, automation, and new business models. Maharashtra, being one of India’s largest economic contributors, needs to stay competitive.

By investing in skills and innovation, the state aims to:

  • Prepare youth for future job roles
  • Reduce skill gaps across industries
  • Encourage entrepreneurship and startups
  • Attract domestic and global investments

This approach is meant to ensure long-term growth rather than short-term gains.

Strengthening Skill Development Across Sectors

The state is focusing on aligning education and training with industry needs. This includes skilling programmes in areas such as advanced manufacturing, digital technologies, healthcare, green energy, and services.

Special attention is being given to:

  • Industry-linked training programmes
  • Upskilling and reskilling of the existing workforce
  • Improving employability of graduates and diploma holders
  • Expanding vocational and technical education

The idea is to create a workforce that is job-ready from day one.

Innovation as a Key Growth Driver

Innovation is being positioned as a central pillar of Maharashtra’s growth strategy. The state is encouraging research, development, and adoption of new technologies across sectors.

Support for innovation includes:

  • Startup incubation and mentoring
  • Collaboration between academia and industry
  • Promotion of research and development
  • Support for technology-driven enterprises

This helps create an ecosystem where ideas can move from labs to markets.

Role of Startups and Entrepreneurship

Startups are expected to play a major role in job creation and innovation. Maharashtra already has strong startup hubs, and the government is working to strengthen them further.

Entrepreneurs are being supported through policy reforms, access to funding, and infrastructure support. This not only creates jobs but also boosts local innovation and competitiveness.

What This Means for Youth and Businesses

For young people, this focus opens up new career paths beyond conventional jobs. Skills in technology, innovation, and problem-solving will be in high demand. For businesses, especially MSMEs and startups, the environment is becoming more supportive and opportunity-driven.

It also signals a shift towards quality growth rather than just expansion.

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IIBF Invites Macro Research Proposals for 2025–26; ₹2.5 Lakh Grant on Offer

IIBF Invites Macro Research Proposals for 2025–26; ₹2.5 Lakh Grant on Offer

Mumbai: The Indian Institute of Banking & Finance (IIBF), a premier institution established in 1928, has announced a call for Macro Research proposals for 2025–26, inviting scholars and banking professionals to contribute policy-relevant research to India’s financial ecosystem.

Under its Macro Research scheme—designed to promote large-scope, empirical studies with industry-wide implications—IIBF will fund selected projects with a research grant of ₹2.5 lakh. The initiative aims to generate actionable insights for banking and finance through rigorous data-driven analysis.

Focus Areas for 2025–26
Researchers may submit proposals on any one of the following themes:
1. Effectiveness of Credit Guarantee Schemes: India in a Cross-Country Perspective
2. Changing Dimensions and Patterns of Financial Savings in India
3. Deposit Insurance Systems in Emerging and Developed Economies, with Special Reference to India
4. Transformation of the Indian NBFC Sector: Prospects and Challenges
5. Business Correspondent Model as a Gateway to Financial Inclusion

Who Can Apply

• Bankers, academics, and researchers from recognized institutions
• Individuals or teams with a proven research track record
• Applicants must be below 58 years of age as on 28 February 2026
• Recent winners and repeat awardees (as per eligibility norms) are not eligible

Key Details
• Grant: ₹2,50,000 (25% advance; balance on acceptance of final report)
• Report Size: 200–250 pages
• Timeframe: Final report to be submitted within 6 months of award
• Evaluation: Based on relevance, methodology, policy impact, and presentation before IIBF’s Research Advisory Committee
• Copyright: Vests entirely with IIBF

How to Apply

Proposals must be submitted online, in English, along with a brief bio-data, through the official portal:
👉 https://iibf.esdsconnect.com/macroresearch/application

Last Date: 28 February 2026

With this initiative, IIBF continues to encourage original, high-impact research that can shape the future of India’s banking and financial sector.

Download Notification: Click Here

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