From angel tax removal to funding boost, startups and VCs pin hope on Modi Government 3.0

India's startup ecosystem anticipates support from the newly elected Modi Government 3.0, urging for policies favoring funding boosts and the repeal of the angel tax. \r

The BJP manifesto emphasizes expanding startups to tier-2 and tier-3 cities, aiming to link incubators with educational institutes to foster entrepreneurship. The government plans to enhance initiatives like the Startup India Seed Fund Scheme and Startup Credit Guarantee scheme, allocating funds for entrepreneurial endeavors. \r

Additionally, partnerships with global mentors and a national geospatial data registry are on the agenda to facilitate innovation. Analysts foresee a focus on manufacturing startups, aligning with job creation goals and addressing digital ecosystem challenges for fintech expansion and technological advancement.