Pre Budget Expectations From Satish Kataria, Managing Director, Catapooolt
"With the year starting on Hon'ble PM's Start Up India Movement announcement and various proposed measures - this year's budget could be revolutionary milestone towards strengthening India's start-up movement - ofcourse provided that the proposed measures are implemented with right spirit and right fine print!
Further, we are aware of the Special Committee that is being constituted under the Ministry of Finance to look at various innovations to ease up start up funding - which we believe is also looking at domain of crowdfunding. We are hopeful, that similar to other developed nations acknowledging and opening up crowdfunding, India too would look at this medium positively - as it can well sync up with several newly proposed measures such as proposed INR 10,000 Crore start-up fund (where a possible plug in with crowdfunding can bring true elements of market validation of innovative ideas as well as engage larger communities to come on board) as well as National Start up Hub (where it can connect early stage start ups with other enablers). In short, we expect and hope that this budget would place a new milestone towards acknowledging and supporting the role of entrepreneurs in shaping the next India.
