Union Budget Promotion of a startup

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Union budget 2025 

Union Budget Promotion of a startup

 

Shri Nirmala Sitaram while encouraging start-ups announced 10,000 crore in the Union BudgetFund.



 


Nirmala Sukharam has announced Rs 10,000 crore in the Union Budget to promote the startup scheme. The industry sector has welcomed this decision. It is being expressed that people who are trying to enter the industry sector by starting a startup will get a great boost.

The central government had announced Startup India on January 16, 2016, to develop innovative technology and industry sectors in the country. At that time, a fund of Rs 10,000 crore was set aside. After that, it is once again making provisions in this budget. More than 46,000 of these starters are working in areas like artificial intelligence, biotechnology, knowledge technology, robotics, technology hardware. According to the data from the central government, one lakh 52 thousand 149 hours have been registered in 55 well-developed sectors till October 31, 2024. The private sector has so far invested Rs 20,772 crore in these startups.

Sitharaman said that so far, private companies have promised to invest more than Rs 91,000 crore in the film industry, to which the central government will now add an additional fund of Rs 10,000 crore. This decision will help aspiring entrepreneurs. At the same time, it will be a good way to get domestic capital for startups. Domestic enterprises will get capital and it will help India become stronger in the global startup landscape.

 

The industry has welcomed these efforts. The central government has added Rs. 100 crore to the previous fund, which will provide nourishment for developing innovative technology industries. This capital will encourage startups. Along with this, it is being drawn to the fact that employment will come from the bank. In addition, a special fund has been set up for the first five lakh women, scheduled castes and tribes. It is believed that this decision of the government will benefit the society by increasing entrepreneurship.

Boost to Startups

Number of Startups

2016 - 502

2014 -1.57 lakh

1.57 lakh -  IIT-accredited startups

17.28 lakh - Employment generation from startups

75,935 - Enterprises with at least one woman director.

 

Highlights:

•           Announcement: Funds of Rs 10,000 crore from the central government for your startup

•           Five lakh women, Scheduled Caste and Scheduled Tribe applicants will get funds

 

Outcomes: Companies propose investment of Rs 91,000 crore in startups that will Reduced startups dependence on foreign capital.

Location: India

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