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Startup India: Emerging entrepreneurs want Modi 2.0 booster shot to foster growth

Startup India is one of the most ambitious schemes of the Narendra Modi government.

Startup India: Emerging entrepreneurs want Modi 2.0 booster shot to foster growth
Startups are facing liquidity crisis and expansion of Mudra Loan scheme can be a good step to help emerging entrepreneurs excel. Photo: Reuters
By Asit Manohar
Updated: Wed, May 29, 2019
11:03 pm
New Delhi, ZeeBiz WebDesk
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After launch of Startup India programme, the emerging entrepreneurs are eyeing  a booster shot from the Modi government with transparent investment policies coupled with adequate but minimum regulations to foster innovation. For starters, industry insiders say expansion of Mudra Loan scheme can be a good option as liquidity is a major hurdle for Startups.

Speaking on the requirements Rajeev Chawla, Chairman, IamSMEofIndia said, "Startups are facing liquidity crisis and expansion of Mudra Loan scheme can be a good step to help emerging entrepreneurs excel in the market." Chawla said that government needs to relook at some of the investment policies to minimise regulation.

Ajay Adiseshann, CEO and Founder of PayMate said, "Our expectations from the new government is to ensure we have policies to encourage and support startups along with transparent investment policies coupled with adequate but minimum regulations to foster innovation. Startups are making a positive contribution to employment and over the next 10 years can potentially be one of the largest employers of both blue and white collar workers. Startups are critical to the nation's future."