What startups want from Budget

BUDGET 2018 - The Indian economy is amongst the world’s fastest-growing economies. This along with government’s continued efforts to improve the ease of business has led to a start-up revolution in India. The year 2017 witnessed funding of $13.7 billion across 820 deals in startups! However, the Indian startup ecosystem still lags behind its peers in Silicon Valley and Israel.
The success of these startups largely depends on government policies, rules and regulations. With budget 2018 just around the corner, there is a lot on every startup’s wish list.

Access to Easy Credit
The government had earlier set up a fund of Rs. 10,000 crore to provide financial assistance to startups. The government had also formulated a credit guarantee fund with a corpus of Rs. 2000 crore to enable startups to raise collateral free loans up to Rs. 500 lakh per case. But these funds aren’t sufficient. At the ground level, securing credit is still not very easy for fresh startups. There is a requirement of the project plan and extensive documentation along with guarantees and sometimes collateral too. Budget 2018 can remedy this situation by:
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