associate sponsors

Havells
HDFC

Budget 2016: Hope to get funds for Start-Up programme in budget, says Nirmala Sitharaman

Coimbatore: Union Minister Nirmala Sitharaman today expressed the hope that Budget 2016-17, to be
present next week, will allocate required funds for Start-up India programme.

ThinkStock image

ThinkStock image

She said her ministry, Commerce and Industry, will do its best to solve the financial difficulties being faced by start-ups.

Speaking on the "role of Centre through Start-up India initiative" at a programme here, the minister said "the government, I am sure, will be a lot more flexible in dealing with issues raised by start-ups and we are not just looking at tech-based or application-based start-ups".

She added: "With the kind of start-ups and the kind of activity generated, India was ranked third globally and this cannot happen unless there was ground swell for it and youth are already at it."

Stating that she would rather put a lot of energy in pure science related matters, health, space and defense, Sitharaman said she saw everything going in favour of Coimbatore to be the start-up capital.

"You have everything, with a bit more energy and push from several quarters you can create and sustain an ecosystem which can support a lot of youngsters, who are talented and skilled," she said.

Tamil Nadu will benefit from it and we are with you in whatever you want to do, she assured.

Expressing concern over paucity of women entrepreneurs in Start-ups, just 8 per cent, she said women have uncanny ability to notice where the problems existed and urged them to start new ventures, as was done by Padmashree awardee

Arunachalam Muruganantham, who came out with napkin machines. Prime Minister Narendra Modi brought in a change in the mindset, trusted the people and the first decision that we took was self-certification.

The government launched the start-up initiative only to motivate the people and give it a greater push.
PTI


Updated Date: Feb 22, 2016 11:55 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See