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The Union Budget 2025 has introduced a new scheme with a corpus of Rs 10,000 crore to boost the startup ecosystem. Finance Minister Nirmala Sitharaman’s announcement was met with widespread approval from leading figures in the startup industry. Kailash Katkar, Founder and MD of Quick Heal Technologies, said, “This corpus will greatly enhance the growth prospects for startups by providing much-needed capital for innovation and expansion.”
In addition to the $1.15 billion Fund of Funds for startups, the budget includes $2.3 billion Nuclear Energy Mission as part of India’s goal to achieve 100 gigawatts of nuclear energy capacity by 2047. https://t.co/SeADJZItCz#india #startups #nuclearenergy
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Prashant Sachan, Founder and CEO of AppsForBharat, stated, “The government’s support in the form of such a substantial fund is a positive step that could lead to groundbreaking advancements in various tech sectors.”
MSMEs—The Powerhouse of India’s Growth! 📈
The #UnionBudget2025 strengthens MSMEs with higher investment & turnover limits, enhanced credit access, and boosts for key sectors like footwear, leather, and toys.https://t.co/wyWVCIKF3N
A special push for first-time entrepreneurs… pic.twitter.com/9yiVpyfLR1
— Confederation of All India Traders (CAIT) (@CAITIndia) February 5, 2025
Surjeet Thakur, Founder & CEO of TrioTree Technologies, highlighted the potential for this scheme to drive growth in healthcare technologies.
“With access to this funding, startups in the medical and health tech field can accelerate their research and development.”
A well-structured regulatory environment is critical for fostering investor confidence and unlocking capital for high-growth sectors. https://t.co/BCUcsoaw6v
— IVCA (@IndianVCA) February 4, 2025
Rahul Agarwalla, Managing Partner at SenseAI Partners, remarked, “This move will help in nurturing AI startups, enabling them to bring innovative solutions to market faster.”
Dr.
Startup ecosystem gets major boost
Sunil K Shekhawat, CEO of SanchiConnect, pointed out the benefits for connectivity and networking startups.
“Such financial support can help bridge the digital divide and enhance connectivity across rural and urban areas.”
Niraj Kumar, CTO at Onix, also greeted the news positively. “This corpus provides an excellent opportunity for tech startups to innovate without the constraint of limited resources.”
Dhruvil Sanghvi, CEO of LogiNext, added, “The budget’s focus on startups is a testament to the government’s commitment to fostering a robust startup environment. This fund will help logistics tech firms like ours to optimize operations and expand services.”
The new scheme marks a significant step in the continued development and support for the startup ecosystem in India.
The Rs 10,000 crore fund is expected to catalyze further innovation and growth, paving the way for a more dynamic and successful entrepreneurial landscape.