The budget was very positive towards the start-up ecosystem which was much anticipated with the Start-Up India movement initiated by Prime Minister, earlier this year. Top 3 highlights in the budget for Start-Up ecosystem include firstly, the timelines to register companies reduced to 1 day, also compliances needed are made easier. Secondly, The 3 out of 5 year 100% tax exemption is a welcome step. Thirdly, there was a clear focus on long term plan with budget allocation on skill development, education, entrepreneurial development including specialised focus on supporting the entrepreneurial coming from under privileged segments.
The author is Akshay Mehrotra, Co-Founder & CEO at EarlySalary.com.