“A Series of Good News for the Indian Start-Up Community,” Rahul Garg – Moglix

The Union budget 2019-20 has come with a series of good news for the Indian start-up community. With a host of incentives announced for the start-up ecosystem, the most noteworthy effort being the tax relaxation for VCs and private equity firms. The intent of the budget is clearly to provide the much-needed impetus to the entrepreneurial spirit. Government’s plan to aid in setting–up around 80 ‘Livelihood business incubators’ and 20 tech business incubators by FY19-20, will help create around 75,000 skilled entrepreneurs leading to job creation. Having a dedicated channel focussed on Start-up will definitely lead to awareness amongst the public at large about the scope and opportunity start-up ecosystem offers.