Budget 2018: Easy compliance, sops to help start-ups create more jobs

The Modi govt's intent since taking office in 2014 has been one of support to the thriving startup ecosystem through several goodies announced in various Union Budgets

Since 2014, the Union Budget has been showering ‘goodies’ to the startup community reflecting the intent of the Government to support a thriving startup ecosystem in the country. Starting with a Rs 10,000 startup fund in the 2014 Budget, the government followed it up with a Rs 1,000 crore fund for tech startups and entrepreneurs in the 2015 budget, a 100 percent tax holiday for startups for the first three years of existence in 2016 and a further tax exemption in 2017 (25% for smaller companies) to make startups one of the very important cogs in the Indian economy’s wheel.