The Union Budget 2025 brings a host of financial measures aimed at bolstering the entrepreneurial ecosystem in India. With targeted schemes for micro-enterprises, startups, and first-time entrepreneurs, the government is reinforcing its commitment to fostering economic growth and self-reliance. Let’s delve into the key highlights:
Credit Cards for Micro Enterprises
Recognizing the importance of financial liquidity for micro-enterprises, the government has announced a new initiative to introduce customized credit cards with a ₹5 lakh limit. These cards will be exclusively available for micro-enterprises registered on the Udyam portal. In the first year of implementation, 10 lakh such cards will be issued, providing easy access to credit and reducing financial barriers for small business owners. This move is expected to enhance working capital availability and support the expansion of micro-businesses across the country.
Fund of Funds for Startups
Startups in India have received a significant boost through the Fund of Funds (FoF) initiative, which has already garnered commitments exceeding ₹91,000 crore from various Alternate Investment Funds (AIFs). The government had initially contributed ₹10,000 crore to this fund, which has catalyzed investments in the startup sector.
Now, the government is expanding its support by setting up a new Fund of Funds with an additional contribution of ₹10,000 crore. This initiative aims to enhance access to capital for innovative startups, ensuring sustained funding for promising ventures and reinforcing India’s position as a global startup hub.
Scheme for First-time Entrepreneurs
In an effort to encourage first-time entrepreneurs, particularly from underrepresented communities, the government is launching a new scheme targeted at 5 lakh women, Scheduled Caste (SC), and Scheduled Tribe (ST) entrepreneurs. Under this scheme, term loans of up to ₹2 crore will be provided over the next five years, enabling aspiring business owners to kickstart their ventures.
This initiative will incorporate valuable lessons from the successful Stand-Up India scheme and will include online capacity-building programs to enhance entrepreneurial and managerial skills. The comprehensive approach aims to empower budding entrepreneurs, ensuring their businesses thrive and contribute to the nation’s economic progress.
The Budget 2025 demonstrates a strong commitment to empowering entrepreneurs at various stages of their journey. Whether it is micro-enterprises benefiting from customized credit cards, startups receiving enhanced funding support, or first-time entrepreneurs gaining access to financial and skill-building resources, these measures will significantly contribute to India’s entrepreneurial landscape.
With these strategic initiatives, the government is paving the way for a more inclusive and robust economy, fostering innovation and job creation across sectors. As these schemes roll out, entrepreneurs across India can look forward to a more supportive financial ecosystem that enables sustainable growth and success.
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