Union Budget introduces Rs 10,000 crore for startups

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Union Budget introduces Rs 10,000 crore for startups

//business-finance.news-articles.net/content/202 .. get-introduces-rs-10-000-crore-for-startups.html

Published in Business and Finance on Saturday, February 8th 2025 at 13:00 GMT by MSN

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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 ]