Budget 2019-20: Nirmala Sitharaman expected to enhance start-up fund; here's what to expect
5 years, 6 months ago

Budget 2019-20: Nirmala Sitharaman expected to enhance start-up fund; here's what to expect

India TV News  

The first budget of Modi 2.0 government will be presented today by Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman is expected to make favourable announcements for the enhancement of the fund to Rs 20,000 crore, some highly-placed sources said. The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore to provide support for Start-ups, over a period of XIV and XV Finance commission cycles. A Startup India status report for 2018 says the Startup India hub, set up to “resolve queries and provide handholding support” to startups, claims to have handled about 1.14 lakh queries.

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