Post Budget Quote contributed by a legal tech SaaS startup By Aditya Pandranki, Founder and CEO of DOQFY
Below The Post Budget Quote contributed by a legal tech SaaS startup By Aditya Pandranki, Founder and CEO of DOQFY
"We applaud the government’s fresh contribution of an additional Rs. 10,000 crore, in addition to the existing government contribution of Rs. 10,000 crore for startups.
To boost MSMEs growth and efficiency, the government will enhance the investment and their turnover limits, increasing them by 2.5 times and 2 times, respectively. This move is expected to empower MSMEs to scale up, innovate, and generate more employment opportunities for the youth.
Deep Tech Fund of Funds is a big win for startups, catalyzing next-gen innovation.
The government's allocation of Rs.20,000 crore to implement private sector-driven research, development, and innovation is truly commendable. It is a significant step towards fostering innovation and growth.
Moreover, the establishment of a Centre of Excellence in AI for Education with an outlay of Rs.500 crore is a welcome move. This addition to the existing centres for agriculture, health, and sustainable cities will help leverage AI to improve educational outcomes and create a more skilled workforce.
These initiatives demonstrate the government's focus on leveraging technology and innovation to increase efficiency and improve lives.
With the government’s push for digital transformation, compliance, and financial accessibility, Doqfy’s CLM, eSignature, eStamping, and eKYC/eKYB solutions are perfectly positioned to support businesses in BFSI, MSMEs, real estate, and infrastructure sectors."
Above views are of the author and not of the website kindly read disclaimer
