Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-07-10

FM announced Rs 10,000 crore fund for start-ups in Budget 2014

In a major push to entrepreneurship in the country, Finance Minister Arun Jaitley has announced Rs 10,000 crore venture capital fund for start-ups in the country.

In a major push to entrepreneurship in the country, Finance Minister Arun Jaitley has announced Rs 10,000 crore venture capital fund for start-ups in the country. Moreover, there will be a framework for bankruptcy, which will be worked out. This will make it easier for start-ups to fold up even if an idea doesn't work out.

 

Currently, this is a major hassle for upcoming companies. The UPA had also announced a $100 billion fund to boost innovation – a venture that couldn't take off during its tenure.

 

FM has also allocated Rs 100 crore for a start-up village for village youth. Jaitley has also liberally allocated Rs 500 crore towards setting up a pan India technology mission in the country, which will address the "digital divide" in the country. The mission will enable broadband connectivity to the villages, boost IT enabled services, bring transparency in government operations and work towards increased indigenous production. The National Rural Internet Technology Mission will address these issues along with the project e-Kranti, which will help digitise the government.

Related opportunities
  • Other Vocational Training
    About Institute: JD Institue of Fashion Technology was established in the..
    Locations looking for expansion Karnataka
    Establishment year 1988
    Franchising Launch Date 1990
    Investment size Rs. 30lac - 50lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Others Food Service
    About Us : An widely accepted Food & Café concept based..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Beauty Salons
    About Us: Instyle salon is a premium unisex salon based at..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Growing Tots emerged in 2014. The Directors have 12..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts