SME Times News Bureau | 08 Dec, 2020
Union Commerce and
Industry Minister Piyush Goyal on Tuesday said that the Government, in its role
as an enabler, has introduced several benefits to encourage & boost
startups.
Addressing the ICAI's Startup Manthan 2.0, Goyal
said that Government is constantly providing inputs & impetus to the
Startup ecosystem to help them expand their base.
Talking about the support to startups, Goyal
said that this includes tax benefits.
“Government has
created a fund of funds for Startups with an initial corpus of ₹10,000 crores
for funding promising Startups in their early-stage funding requirement. The
Government e-Marketplace provides an equitable opportunity to Startups to offer
their services and products to all Govt enterprises across the country.”, he
added.
Goyal said that today, India is set on the path
of becoming self-reliant &startups are leading the way.
“We are at the
critical juncture of human history where our actions shall directly impact
billions of people. Our entrepreneurs can create a golden era where our
startups with their commitment, vigour & perseverance make India a leader
across all sectors. As the Startups work hard, we will support them in their
endeavour”, the minister said.
Goyal said that Creativity,
Innovation, Invention &Development is the foundation & mandate of New
India.
He added, “In this
new normal we need long term sustainable solutions to become self-reliant. We
had launched Startup India initiative in 2016 to create an ecosystem of
innovation, invention & enterprise. India now houses the 3rd largest
startup ecosystem in the world.”
The Minister expressed confidence that Chartered
Accountants (CAs) under the leadership of Prime Minister Narendra Modi will
help bring about spirit of entrepreneurship, even in our remote villages &
towns.
He said that Chartered
Accountants working in partnership with the Government can ensure great successes
for the people of India and the country in the years to come. “Our Chartered
Accountants have that competitive edge when it comes to serving the startup
ecosystem”.
The Minister mentioned that the Prime Minister
has said, "Startups are the engines of exponential growth, manifesting the
power of innovation." He expressed confidence that Chartered Accountants
are going to be startup entrepreneurs & also going to be service provider
to new startups.
Goyal urged CAs to
help farmers in the whole country understand the great benefits that the
Government is trying to provide them throughout the entire length & breadth
of the country.
“We are opening new
doors of opportunities for them by providing them with more options. This
effort to open opportunities to farmers is a huge reform which, in the long
run, will help our farmers exponentially increase their income, have better
cropping patterns & engage with technology.I am confident, going forward,
as more and more people understand & appreciate the good work that these
changes are seeking to do, we will see huge improvements in the life &
prosperity of our farmer brothers & sisters”, he said.
Goyal congratulated ICAI
institute for issuing the MSME Business Continuity Checklist.
He said that it is
another wonderful initiative by the institute which will help handhold the MSME
sector. The Minister said that this platform provided by the institute
to all the budding entrepreneurs, thinkers and businesses to share &
collaborate, will empower them with ideas for innovation & business
development.