The Union Budget 2024 brings promising opportunities for start-ups and MSME owners, paving the way for growth and innovation. In this video, we’ll explore the key announcements. We’ll begin with the abolition of angel tax on all asset classes that could ease fundraising for start-ups. We’ll talk about how a venture capital fund of Rs. 1,000 Crore for the space economy might offer space start-ups new opportunities. Furthermore, we’ll cover how MSMEs might benefit from upcoming e-commerce export hubs in public-private partnerships, enhancing global market reach.
We’ll also discover how the credit guarantee scheme expansion might allow MSMEs to access term loans without collateral. We’ll look into the Mudra loan limit being doubled to Rs. 20 Lakhs. We’ll discuss how the TReDS platform expansion could help unlock working capital for MSMEs, while new SIDBI branches are set to support MSME clusters.
We’ll explore the digital public infrastructure tools, developed by the private sector, and how they could streamline credit, e-commerce, and health services. Additionally, we’ll take a look at how reduced capital gains taxes and a lower TDS rate for e-commerce operators might improve cash flow.
With a fiscal deficit at 4.9% of GDP and Rs. 11.11 Lakh Crore allocated for capital expenditure, this Budget might drive infrastructure growth and economic resilience.
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