C-DoT says Rs 700 crore corpus available to fund startups #shortsvideo

இதில் ப்ரசூரிக்கப்பட்டது : Jun 30, 2023
14 பார்வைகள்



C-DoT says Rs 700 crore corpus available to fund startups #shortsvideo

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  • Rs 1 lakh crore corpus for providing 50-year interest free loans to the youth | FM | Lok Sabha

    For our tech-savvy youth, this will be a golden era. A corpus of Rs 1 lakh crore will be established for providing 50-year interest free loans.

    The corpus will provide long term financing or re-financing with long tenures with low or nil interest rates.

    - Finance Minister Smt. Nirmala Sitharaman, Lok Sabha, 01.02.2024

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    The absence of regulatory approval and the possibility of a blanket ban has, however, kept most Indian funds at bay, despite the heightened interest in crypto and blockchain. Despite the regulatory uncertainty and the volatility of cryptocurrencies, Indian start-ups in the space saw funding grow 73% in the first six months of calendar 2021 compared to the whole of 2020.Total funding year-to-date in 2021 stood at $50.03 million against the $28.85 million raised by cryptocurrency-based start-ups in 2020, according to data from Tracxn. A report says, the lockdown in 2020 had led to increased activity in the cryptocurrency market as retail and institutional investors turned to this investment avenue as volatility hit the stock market. Blockchain faces hurdles, including volatility in cryptocurrency pricing and confusion and misunderstanding from many consumers about the technology and related financial services, experts say.


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    Recent developments in the technology landscape, including the acceleration of automation, artificial intelligence, and the digitization of industries, are transforming the nature of work. These challenges have immediate and far-reaching implications for India's economy, society, and future prospects.


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