Budget reaction: YourNest Angel Fund

India Infoline News Service | Mumbai |

Savings diversion from gold to say inflation-adjusted bonds or the liberalized Rajiv Gandhi Scheme shall bring fresh funds for intermediation in the financial markets.

Entrepreneurship, start-ups and the MSMEs create productive and sustainable jobs.  We appreciate the recognition of making India an easy, friendly and helpful destination for doing business. It is a good promise that the cost of doing business shall be monitored too. Incubation centers to be seen as Corporate Social Responsibility (CSR) shall promote innovative ideas being validated for potential. Angel investing and Category 1 Alternative Investment Funds (AIF) becoming eligible for pass through shall also encourage funding of start-ups. Expanding support to MSMEs through SIDBI and privileges for scaling up beyond 3 years shall enable MSMEs to prosper. Listing of MSMEs without IPO for informed investors shall create a market for the risk-capital starved sector.

 

Savings diversion from gold to say inflation-adjusted bonds or the liberalized Rajiv Gandhi Scheme shall bring fresh funds for intermediation in the financial markets. Investment allowance for manufacturing sector should bring idle cash with large corporates into action. Encouraging first time residential property buyers shall support the real estate investment as well.

 

In FY 2013-14, we would like to see the honorable FM to further encourage risk capital for Indian start-ups to come from within India.

 

Mr. Sunil Goyal, Co-founder and CEO, YourNest Angel Fund

 

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