What Startups and SMEs want from Budget 2020: Call for Action

"Thanks to all of you who shared their concerns in regards to doing business as a Startup or SME. Below, please find the link to the ask of the Startups/SMEs submitted to Finance Minister via LocalCircles.

You are welcome to share the link below with all your social media contacts, industry colleagues as well as other channels.

If you have additional inputs, please share them as well!

What startups and SMEs want from Budget 2020 more  

Budget_2020___20200130010216___.jpg
View all 108 comments Below 108 comments
Startups need collateral free loan with subsidies in E.B , GST ,ESI ,PF for atleast 3 years depending upon the employment potential they generate with technical support and guidance from a special task force appropriate for that particular industry. A single window approach for all sectors to prevent corruption is also mandatory. more  
Unfortunately, startups try to expand too fast without creating a firm foundation within a small region or area. If scaling up wisely, there is no need for sops from the govenment more  
The most important reform expected would be to cut Income tax drastically. No tax for 10 Lakh annual income or more. For income above 10 Lakh just one or two slab of low income tax, like 10% and 20%. No surcharge, and no cess.

High expectation that GST tax must be greatly simplified and drastically reduced. Just two low levels of GST tax. Petrol and Diesel should be under GST. All goods and services must be under GST. In addition, Excise duty to be reduced on Automobiles and consumer goods.

There is highest expectation that FM and PM Modi would generate mass employment for the youth of India. All the youth in India must be profitably employed and fully involved in nation building. Start up India must provide capital and facilities for the youth to become entrepreneur.

There is also highest expectation that The farmer salary must be doubled, and other incentives to motivate the farmers. Everything possible to stop farmer suicide. more  
Wants are unlimited, but government should be considerate towards SMEs, which is usefull for the economy of the country. more  
All districts should be installed with sufficient Nos. of machine for processing of end product from agricultural items. Nos. of machine are to vary as per the size of Districts and produced agricultural items. This will definitely increase job opportunity and farmers income. more  
District Development Councils are Must with various Wings more  
Post a Comment

Related Posts

    • Common People suffering

      The GOI and Local circles are NOT worried about the sufferings of ordinary people. Petrol price Issue, migrant workers walking in the streets are non issues.

      By Kaniappan Vivekanandan
      /
    • India's COVID19 trajectory

      India's COVID19 trajectory 1 to 1 lakh cases: 139 days 1 lakh to 2 lakh cases: 16 days 2 lakh to 3 lakh cases: 11 days 3 lakh to 4 lakh cases: 9 days

      By Harsimran Kaur
      /
    • WHY POLICE PERSONNEL BEHAVE LIKE THIS ?

      We hear about the police brutalities taking place all over India , with two people who lost their lives due to police brutality at Tuticorin in Tamil Nadu being the latest one. Hundreds of s...

      By N.S. Venkataraman
      /
    • Television media now losing credibility

      Almost all private TV channels in different languages, (numbering several hundreds) are now owned by political parties, politicians, business men or religious bodies. On any subject, ev...

      By N.S. Venkataraman
      /
    • Unlock 2.0 Rules

      Seems like the Govt has heard our circle pulse and no metro gym swimming pools but I still find it ridiculous that we as a country are opening more when infections are rising. Cant treat a Delhi an...

      By Sarita Ravichandran
      /
    • On;y 28 pct consumers trust advertisements

      Many of you over the last 2 years have been sharing your experiences with Misleading Advertisements on LocalCircles, esp in Consumer related circles. Many of you also voted in the survey on Mislead...

      By LocalCircles Manager
      /
    • India- China Escalation: Way Forward

      Many of you in different circles have been writing about the escalation at the Indo-Chinese Border at Galwan valley where 20 Indian soldiers were martyred. Since then while China has continued to b...

      By LocalCircles Manager
      /
    • Solution for Cross Border Imports via eCommerce channel

      Many of you are familiar with how LocalCircles in last 12 months has worked with various departments of the Government to stop misuse of India's postal and courier gift channel by Chinese ecommerce...

      By LocalCircles Manager
      /
    • Mood of the Consumer amidst Covid-19: Inputs Sought

      Many of you participated in the Mood of the Consumer survey conducted few weeks ago abe below is the survey report:

      By LocalCircles Manager
      /
    • Anxiety and Stress rising amidst Unlock 1.0

      Most of you have regularly been participating in LocalCircles surveys on lockdown. Many of them have been shared at the highest levels of the Government in the last 3 months and many corresponding ...

      By LocalCircles Manager
      /
    • Haryana covid 19 treatment charges capped

      Glad to share that in additon to several states like Delhi Maharashtra Telangana, Karnataka, my home state Haryana has also capped prices for covid 19 treatment. I really appreciate sinc...

      By Sarika Bansal
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)