“It is heartening to see the government look to rejuvenate the start-up ecosystem, especially in the budget. In particular, there seems to be a precedence for the AgriTech sector as denoted by the new Agriculture Accelerator Fund. Further, the promotion of green growth with major subsidies across the board is sure to promote entrepreneurial opportunities in that sector as well.
As a major boost to the fintech sector, the scope of documents available in DigiLocker will be expanded. There is also a greater focus on making the KYC process as swift and seamless as possible to foster a more vibrant digital economy. Therefore, the government has taken several key steps in building a more vibrant ecosystem by focusing on sectors that were previously underserved. The focus on reducing compliances, and hassles in running a business is specifically laudable.”