Even the Economic Survey which was presented on Thursday highligthed the importance of the segment.
In
a bid to rev up the economy, the government might enhance the
Start-Up
fund in the Budget
2019-20.
According
to highly-placed sources, the government is likley to come good on
its poll promise of enhancing the fund to Rs 20,000 crore.
The
Start-up India programme had created the 'Fund of Funds for Startups
(FFS)' with a corpus of Rs 10,000 crore to provide support for
Start-ups, over a period of XIV and XV Finance commission cycles.
The
Fund was set up with the approval of Union Cabinet in June 2016 and
is managed by Small Industries Bank of India (SIDBI) and contributes
to the corpus of Alternate Investment funds (AIFs) for investing in
equity and equity linked instruments of various start-ups.
Even
the Economic Survey which was presented on Thursday highligthed the
importance of the segment.
It
recommended that the government rationalise the tax policy and its
implementation for start-ups to foster innovative investments in the
Indian economy.
"Several
studies have also suggested that capital gains tax can have
significant economic consequences for individual investors in terms
of its lock-in effects and associated deterring incentives to use
capital gains into riskier investments," the survey said.
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