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Below the Start-up/Fintech Budget Quote on Union Budget 2024-25 by Yashoraj Tyagi, CEO, CASHe The Budget brings positive changes in nurturing the talent and digital prowess of our nation. The substantial allocation of education loans is a commendable move that will empower countless students to achieve their academic dreams without financial strain. Moreover, the emphasis on digital infrastructure development is a game-changer, as it will significantly enhance accessibility to on...
Start-up/Fintech Budget Quote on Union Budget 2024-25 by Yashoraj Tyagi, CEO, CASHe
Below the Quote on Union Budget 2024-25 by Mr. V. Raman Kumar, Founder & Chairman, CASHe The Budget brings positive changes in nurturing the talent and digital prowess of our nation. The substantial allocation of education loans is a commendable move that will empower countless students to achieve their academic dreams without financial strain. Moreover, the emphasis on digital infrastructure development is a game-changer, as it will significantly enhance accessibility to onl...
Start-up/Fintech Budget Quote on union budget 2024-25 by Mr. V. Raman Kumar, Founder & Chairman, CASHe
Below the Quote on Budget Reaction by Avinash Shekhar, CoFounder & CEO, Pi42 This growth-oriented budget underscores the importance of upskilling and youth development as a foundation to Bharat’s progress. It is interesting to see that one crore youth will be skilled by India’s top companies within five years, and 20 lakh will receive specialized training over the same period. Learning new skills and tech is crucial for fostering innovation and driving the c...
Budget Reaction on Startup by Avinash Shekhar, CoFounder & CEO, Pi42
Below the Quote on Budget Reaction by Sachin Agrawal, Co-Founder & CEO at Bizongo “It’s a significant move that the government is putting special attention on MSMEs and the manufacturing sector through this budget. The newly announced credit guarantee scheme and term loans will enable MSMEs to purchase machinery and equipment without the need for collateral, which will further help the sector spur the industry’s growth. This initiative is expected to allevia...
Budget Reaction on Startup by Sachin Agrawal, Co-Founder & CEO at Bizongo
Below the Quote on Budget Reaction by Akshay Mehrotra, Cofounder & CEO, Fibe, India`s leading fintech and consumer lending platform This year’s Budget has taken a forward-looking approach, aimed at building a self-reliant economy with MSMEs and startups as key drivers of Bharat's next phase of growth. It is encouraging to see the Government’s focus on creating more jobs for the youth with enhanced focus on skill upgradation. This clubbed with the reducti...
Budget Reaction on Startup by Akshay Mehrotra, Cofounder & CEO, Fibe, India`s leading fintech and consumer lending platform
Below the Quote on Budget Reaction by Raj N, Founder at Zaggle "This budget is a holistic growth engine prioritizing education & skill development, women's entrepreneurship, and the benefits and relief for the startup ecosystem. The elimination of the angel tax is a step in the right direction, as it eases investor concerns and promotes innovation. Moreover, the allocation of nearly ?3 lakh crore towards initiatives that assist women and girls demonstrates the govern...
Budget Reaction on Startup by Raj N, Founder at Zaggle
Below the Quote on Budget Reaction by Gurjodhpal Singh, CEO, Tide in India "While the budget reflects a commendable focus on employment, skilling, and women, it is important to recognise that many of the policies will need a robust implementation. The increase in Mudra loan limits from Rs.10 lakh to Rs.20 lakh is a positive step for entrepreneurs, yet the on-ground implementation of the government’s policy directive needs stronger adoption at the grassroots level...
Budget Reaction on Startup by Gurjodhpal Singh, CEO, Tide in India
The Indian startup ecosystem on Tuesday hailed the Union Budget 2024 for abolishing angel tax -- the tax imposed on funds raised by startups from angel investors -- for all classes of financiers. Union Finance Minister Nirmala Sitharaman, in her budget speech, said that the move was aimed at bolstering the Indian startup ecosystem, boosting the entrepreneurial spirit, and supporting innovation. “The removal of angel tax is great news for early-stage startups and shows ...
Union Budget: Indian startup ecosystem hails angel tax abolition
Below the Budget Day Input Startup Sector By Anish Shah, Partner, M&A Tax and Regulatory Services, BDO India “Earlier start-ups were allowed a tax exemption from Angel tax subject to certain conditions such as the amount of share capital and securities premium post fund raise does not exceed INR 25 crs, the end-use restrictions on funds raised by start-ups such as no investments in financial assets etc., and a requirement to submit declaration in Form 2 to DIPP. The abo...
Budget Day Input Startup Sector Anish Shah, Partner, M&A Tax and Regulatory Services, BDO India
In order to take the Indian space sectors to a higher orbit, Union Finance Minister Nirmala Sitharaman on Tuesday said the government will set up a Rs 1,000 crore venture capital (VC) fund. Presenting her seventh budget for the country, she said the Union government will set up a Rs 1,000 crore venture capital fund to finance the space economy. Reacting to the announcement, Vishesh Rajaram, Managing Partner, Speciale Invest said: "We strongly believe that an INR1000 crore fun...
Budget 2024: Rs 1,000 crore VC fund to take Indian space startups to a higher orbit
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