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  

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

    • Code of Conduct for Parliamentarians

      What happened in Parliament today is attached. Most pathetic scenes. If these guys cant behave properly they have no right to be inside the parliament. Who we put in parliament is a also...

      By Anil Mehta
    • Rising Prices of Essentials hurting citizens

      Many of you have been writing in various posts and comments on the rising prices of tomato, onions and potato and thereafter we at LocalCircles conducted a survey which clearly brings out the high ...

      By LocalCircles Manager
    • Covid-19 and Revival of the Restaurant Industry

      Many of you participated in the circle survey on consumption of restaurant food in the recent times and what you will be doing in the next 60 days as far as consuming outside food. Here is the surv...

      By LocalCircles Manager
    • Transparent assignment of ICU beds needed

      Yesterday, one of the senior most surgeons of Rajasthan Dr Dinesh Jindal (attached) passed away from COVID19. He failed to get an ICU bed in time in a COVID facility despite being symptomatic &...

      By Veena Maheswari
    • Full blown investigation on Bollywood and Drugs

      Given all thats come out in the SSR case already, why is the Narcotics Control Bureau and the Central Government not launching a full blown investigation on bollywood industry. Jaya Bach...

      By Preeti Kumar
    • Circle Terms and your ideas for causes to be undertaken now

      Many of you know how LocalCircles over the last 5 years has taken up various issues of importance to the citizenry and got them addressed. Be it getting CCTVs in courtrooms initiated via SC or disc...

      By LocalCircles Manager
    • Handling of Personal and Anonymised Data of Citizens

      At LocalCircles, we understand that no citizen has the time to read 20-100 page policy input documents released by Government bodies. As a result, we ensure, we read them, translate them into easy ...

      By LocalCircles Manager
    • Govt to bring Advertising Code: Inputs Sought

      Many of you are aware that LocalCircles took upon the fight against misleading advertisement in 2015 and several of you have reported misleading, inappropriate, surrogate ads over these years. We a...

      By LocalCircles Manager
    • Covid-19 spreads to social networks of 77pct Indians: Full Report

      Most of you have regularly been participating in LocalCircles surveys on COVID and we are very thankful to you for doing so as these surveys are able to bring out many issues ahead of the Governmen...

      By LocalCircles Manager
    • Ensuring COVID-19 vaccine availability

      Last month, LocalCircles escalated the issue of COVID management drug Remdesivir and got the Government to act. Post the episode, LocalCircles wrote to the Government to make mandatory serial numbe...

      By LocalCircles Manager
    • To control the vegetable rising prices

      1. Household income has been affected due to the pandemic. Farmers and farm laborers put their lives and health at risk by continuing to work in the fields during the pandemic and floods to produc...

      By Col Balbir Singh Mathauda
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.)