Union government announces Rs 44.14 billion for budget 2024-25
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The removal of angel tax is a welcome move for India’s startup ecosystem. This, coupled with the establishment of a Rs 10 billion VC fund for the space economy, will foster innovation. The budget’s focus on manufacturing, with the introduction of plug-and-play industrial parks, is progressive. MSMEs will benefit significantly from the credit guarantee scheme, new assessment models by PSU banks, and increased Mudra loan limits.
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