The new Budget 2024 has made startups. Finance Minister Nirmala Sitharaman is putting a lot of focus on helping important areas. The budget is all about supporting four main groups \u2013 young people, women, those who don\u2019t have much money and farmers as well.<\/p>\n
A good thing in the budget is that startups and investments by big funds get to keep some tax benefits for another year. This helps them out for a whole year. The Fund of Funds for Startups (FFS) Scheme, established in 2016 with a corpus of Rs 10,000 crore, continues to support the Indian startup ecosystem, ensuring access to domestic capital.<\/p>\n
Startup bosses are feeling hopeful about these new plans. The head of Airrchip, Jay Ranjeet Bhatt, is happy with the government\u2019s help and thinks it is crucial for giving money to smart startups in the fourth industrial revolution. Somdutta Singh and Sudeep Kulkarni also agree, saying it is good for empowering women and making cool tech things.<\/p>\n
The budget\u2019s commitment to the startup ecosystem is evident in measures such as a Rs 1 lakh crore fund with a 50-year interest-free loan, promoting long-term support for tech-savvy ideas. Also, entrepreneurs like Prasoon Chauhan and Saloni Verma like that the government is putting attention on doing new and smart things.<\/p>\n
In the electric vehicle (EV) sector, the budget signals strong support for growth. Dinesh Arjun of Raptee Energy commends the government\u2019s intention to accelerate EV adoption, generate employment and break barriers like \u2018range anxiety.\u2019<\/p>\n
While startup investors acknowledge the budget\u2019s macro measures, some, like Yagnesh Sanjharka and Milan Sharma, express a desire for more specific initiatives to foster innovation and entrepreneurship. Despite this, the budget\u2019s balanced approach, considering it is an election year, is appreciated, with a focus on infrastructure, medical infrastructure and agriculture.<\/p>\n","protected":false},"excerpt":{"rendered":"