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Union Budget introduces Rs 10,000 crore for startups

Union Budget introduces Rs 10,000 crore for startups


Published on 2025-02-08 13:00:49 - MSN
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  • T he Union Budget 2025 has introduced a new scheme with a corpus of Rs 10,000 crore to boost the startup ecosystem. Finance Minister Nirmala Sitharaman's announcement was met wi

The Union Budget for 2024-25 has introduced a significant financial boost for startups in India, allocating Rs 10,000 crore to foster innovation and entrepreneurship. This fund aims to support startups at various stages, from inception to scaling up, by providing easier access to capital, reducing regulatory burdens, and enhancing the overall ecosystem for new businesses. The initiative includes measures like tax incentives, simplified compliance processes, and the establishment of a dedicated fund to invest in promising startups. This move is part of a broader strategy to make India a global hub for startups, encouraging innovation, job creation, and economic growth. Additionally, the budget focuses on sectors like technology, renewable energy, and social impact startups, aligning with national priorities for sustainable development and digital transformation.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/smallbusiness/union-budget-introduces-rs-10-000-crore-for-startups/ar-AA1yCqCf ]
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