The government has announced its intention to eliminate the angel tax on all asset classes, as stated by Finance Minister Nirmala Sitharaman at the presentation of the Union Budget for 2024-25. This move is expected to greatly benefit the startup ecosystem.

According to Finance Minister Nirmala Sitharaman's statement on Thursday, the Pradhan Mantri MUDRA Yojana (PMMY) has provided women entrepreneurs with loans totaling 30 Cr over the past ten years.