What the BJP and Congress have to offer startups in their 2019 election manifesto
While the BJP has set up a Seed Startup Fund, and will provide collateral-free credit for entrepreneurs, as well as promote women entrepreneurs, the Congress has said it will abolish Angel Tax and allocate funds to promote science, technology, and innovation.
- BJP has said it will create a 'Seed Startup Fund' for startupsFunding startups to create more opportunitiesThe BJP, which calls its manifesto 'Sankalp Patra' (pledge document), said that it will continue to create opportunities for India's youth.
- Congress has also promised to enhance the India Inclusive Innovation Fund to provide funds to innovative enterprises to scale-up and expand their operations, as well as engage with persons at the bottom of the economic pyramid in order to promote innovation at the grassroots.
- Congress President Rahul Gandhi addressing entrepreneurs in Bengaluru.
- In its manifesto, the party said, "Foreign Direct Investment (FDI) plays a crucial part in development.
- It will launch a National Urban Mobility Mission to provide technology-based urban mobility solutions to all urban local bodies, and increase the use of public transport, while enhancing walkability and cycle use.