India’s new 5-year plan for start-ups

India's new 5-year plan for startups

India is looking to create 50,000 new ventures and 20 lakh jobs through a new start-up policy. Called 'Start-up India Vision 2024', the programme calls for 500 new incubators/accelerators and 100 urban innovation zones, full deployment of the Rs. 10,000 crore Fund of Funds, and expansion of CSR funding to investments in all incubators. Besides, it proposes a new Rs. 1,000 crore fund to support hi-tech ventures. On the regulatory front, too, the vision document outlines several sops: tax incentives for start-up investments, reduction in GST, tax exemption for ESOPs, and a regulatory sandbox for testing of financial products.

It's glad to see that it is very good positive approach. All the new start-ups and business are directly going to help the factors like India's employment, Economic Growth, GDP, Buying Power, and Empowerment