Govt accords top priority to startups, wants to create congenial atmosphere for growth: Minister

The government accords top priority to startups and wants to create a congenial atmosphere for them to grow through various incentives and schemes, Union Minister Som Parkash said on Thursday.

Addressing the ‘Assocham Startup Finale’ event virtually, the Minister of State for Commerce and Industry highlighted that a number of incentives are being provided by the government for startups, ranging from how to form a business to income-tax exemption and relaxation in labour laws.

He also observed that the credit guarantee scheme and a Fund of Funds with SIDBI have also been initiated.