What Happened To Your Rs 10,000 Cr Startup Fund, Mr Jaitley?

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Even as the NDA-government is upbeat on the promotion of local start-up firms to prop up the manufacturing segment in the country under the much-hyped Make in India initiative, the fate of similar initiatives announced in the past have remained unclear. In many cases, funds allocated have remained unspent, industry officials said.

To be sure, there is an increased optimism among the start-ups following the increased attention from the government on this segment. The number of firms tapping the bourses to raise funds has gone up in the recent past, according to Sanchit Gogia, chief analyst and group CEO, Greyhound Research.

According to Gogia, around 61 SMEs were listed on the BSE platform for SMEs till July 2014. The number has gone up after the announcement of the fund Gogia said.

“The government has to focus on key challenges and provide definitive schemes and programmes to help solve pending matters,” Gogia said, adding areas such as making technology cheaper and accessible to SMEs, enabling ecosystem to facilitate technology transfer and develop strong Information and Communication (ICT) systems should be give priority.

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