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Budget 2026–27: Startups, MSMEs get funding boost, electronics push and tax relief

EntrackrEntrackr · 7d ago
Budget 2026–27: Startups, MSMEs get funding boost, electronics push and tax relief
Medial

News All Stories Budget 2026–27: Startups, MSMEs get funding boost, electronics push and tax relief On the funding side, the government proposed three outlays of Rs 10,000 crore each. A fresh Rs 10,000 crore has been allocated to the Fund of Funds for Startups, Kunal Manchanada 01 Feb 2026 12:56 IST The Union Budget 2026–27 announced a range of measures aimed at startups, MSMEs and SMEs, focusing on funding access, credit availability, manufacturing support and regulatory easing. On the funding side, the government proposed three outlays of Rs 10,000 crore each. A fresh Rs 10,000 crore has been allocated to the Fund of Funds for Startups, which will be invested through SEBI-registered venture and alternative investment funds to support early- and growth-stage startups. For MSMEs, a Rs 10,000 crore MSME Growth and Resilience Fund was proposed to help firms manage global trade pressures and economic shocks. Startups registered under the MSME framework, especially in manufacturing and export-linked sectors, are expected to benefit. In addition, the Budget proposed Biopharma Shakti, a Rs 10,000 crore programme to support domestic biopharma manufacturing through funding for research, scale-up and production facilities. To strengthen electronics manufacturing, the Centre said it will nearly double the allocation under the Electronic Component Manufacturing Scheme (ECMS) to Rs 40,000 crore, up from the initial Rs 22,919 crore approved last year. The Finance Minister also announced the rollout of the second phase of the India Semiconductor Mission, as the government nears exhaustion of funds committed under the first phase. The Finance Minister proposed a tax holiday for foreign cloud service providers operating globally using data centre infrastructure in India until 2047. She also announced support for the Indian Institute of Creative Technologies, Mumbai, to set up AVGC and content-creator labs across 15,000 schools and 500 colleges, aimed at meeting talent demand in the orange economy and creating 2 million jobs by 2030.

Key highlights of the Union Budget impacting the new-age economy

EntrackrEntrackr · 1y ago
Key highlights of the Union Budget impacting the new-age economy
Medial

Finance Minister Nirmala Sitharaman on Tuesday tabled the Union Budget 2024-25, which includes provisions for MSMEs, startups, ease of doing business, FDI, and long/short-term gains, among other areas. Here are the key highlights from the budget that will have a significant impact on Indian startups, founders, employees, and MSMEs. ➤ To boost the Indian startup ecosystem and entrepreneurial spirit, the government has abolished the angel tax for all classes of investors with the effect from April 1, 2024. ➤ To facilitate employment, skilling, and other opportunities-focused on MSMEs, the government passed a central outlay of Rs 2 lakh crore. ➤ To enhance the ease of doing business, the government plans to simplify the rules and regulations for FDI and overseas investments. Additionally, the establishment of the IBC has been a great success that led to the resolution of over 1,000 companies, resulting in a direct recovery of more than Rs 3.3 lakh crore. Moreover, The Centre for Processing Accelerated Corporate Exit (C-PACE) will extend its services to facilitate the voluntary closure of LLPs, reducing the closure time. ➤ For the development of the space economy, the government has plans to expand it 5-fold in the next 10 years and set up a Rs 1,000 crore venture capital for the same. ➤ The budget includes the development of climate finance for enhancing the availability of capital for climate adoption and mitigation which will support the achievement of the country’s climate commitments and green transition. ➤ The 2025 budget has raised the long-term capital gains tax (LTCG) on both financial and non-financial assets to 12.5%, up from the current rate of 10%. Additionally, the short-term capital gains tax (STCG) on certain assets has been increased to 20%. ➤ To attract foreign capital for development needs, the corporate tax on foreign companies has been reduced to 35% from 40% in the budget 2024. ➤ As per the existing provision, Indian professionals working in multinational companies often receive ESOPs and invest in foreign assets, and non-reporting these small foreign assets can lead to penalties under the Black Money Act. The new budget suggests that non-reporting of movable assets up to Rs 20 lakh will no longer be penalized. ➤ The new budget introduces significant changes to the buyback process. It proposes that income from share buybacks by companies be taxed as dividends for the recipient investor, instead of the current regime where the company pays additional income tax. The new provision will be applicable from 01st October 2024.

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