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₹1,000-cr Startup India Seed Fund from April 1 - The Hindu BusinessLine


₹1,000-cr Startup India Seed Fund from April 1
February 07, 2021
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Start-ups and incubators can apply online for support under the ₹1,000-crore Startup India Seed Fund Scheme (SISFS) which would become operational from April 1, according to Anil Agrawal, Joint Secretary at the Department of Promotion of Industry and Internal Trade (DPIIT) under the Commerce Ministry.
Grants, debentures
Start-ups can avail up to ₹70 lakh and incubators would get up to ₹5 crore as grant and if they are able to spend this in three years, they would get another ₹5 crore, Agrawal said while participating in a virtual workshop organised by the Indian Space Research Organisation (ISRO) and CII on Thursday. The fund was recently notified by the government. ....

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Budget 2021 To Position India As Alternative Global Destination For Manufacturing, Innovation


Budget 2021 to position India as alternative global destination for manufacturing, innovation
We believe that the infra sector will be at a great advantage as each sub-sector, shipping, railways, roads, energy, and power has been addressed with specific reforms.
Sucheta Shah
February 03, 2021 / 02:30 PM IST
Finance Minister Nirmala Sitharaman has presented a pragmatic budget with positive objectives for long-term growth. Generally, if the government wants to increase its revenues, the easiest approach is to increase the direct and indirect taxes.
However, with the Union Budget 2021, Finance Minister, Nirmala Sitharaman took a bold step by not burdening the innocent taxpayers who are already reeling under the pressure of a COVID-induced recession. ....

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