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Norms Eased, Funds Provided for Startups Promotion: Prime Minister Narendra Modi

June 07, 2018

Norms Eased, Funds Provided for Startups Promotion: Prime Minister Narendra Modi

Interacting with the young professionals of India, Prime Minister Narendra Modi said that the government is taking several steps to help the young entrepreneurs in the country. He said that startups are no longer limited to the big cities as they are now being set up in smaller towns and villages too.

Modi said that the government has started an Agriculture Grand Challenge in which it invites the youngsters to share ideas on how the agriculture sector can be transformed. He said that the government has also rolled out Startup India Action Plan for supporting the budding entrepreneurs. It aims at offering capital gains tax exemption, inspector raj-free regime, etc.

Photo credit: Presidencia de la República Mexicana on Visual Hunt / CC BY

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