Aatmnirbhar Accelerator Fund to be Established by the Government for Agri-Startups, and DigiLocker to Be Launched for Startups and Micro, Small, and Medium-Sized Enterprises: Union Budget 2023-24
On Wednesday, Nirmala Sitharaman, the Minister of Finance, announced the establishment of the Atmnirbhar Accelerator Fund as part of her presentation of the Union Budget for the fiscal year 2023–2024.
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The fund’s primary objective will be to provide farmers with access to cutting-edge technology as well as creative and cost-effective solutions. Nirmala Sitharaman said.
Nirmala Sitharaman, the Minister of Finance, gave her Budget 2023-24 speech in the Parliament, where she released plans to introduce DigiLocker storage and sharing services for micro, small, and medium-sized enterprises (MSMEs) and other business entities, including startups, in order to enable more advancement in financial technology services.
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The date of incorporation for startups to be eligible for income tax benefits has been extended to March 31, 2024, as part of a significant statement made by Finance Minister Nirmala Sitharaman in the context of the annual Budget for startups, as per reported by various media reports.