Photo: Pradeep Gaur/Mint
Photo: Pradeep Gaur/Mint

Nirmala Sitharaman to meet start-up entrepreneurs

As many as 50 start-ups and over 70 budding entrepreneurs are expected to participate in the interaction with the commerce and industry minister

New Delhi: To take stock of the Start-up India action plan, commerce and industry minister Nirmala Sitharaman will on Saturday have an open chat with budding entrepreneurs at a centre that provides basic facilities to new-age ventures.

“Rather than budding entrepreneurs coming to the ministry to raise their grievances and share feedback on the action plan, the minister has decided to visit the co-working office of young entrepreneurs and have an open chat with them about their expectations and experience," an official said.

The exercise is aimed at giving a thrust to budding entrepreneurs, he said.

As many as 50 start-up companies and over 70 budding entrepreneurs are expected to participate in the interaction with the minister. They include Velmenni Lifi, Fitternity, Glance, DeliveryTrack, FoodTalk, Chakar, BabyBug Step and Marketing Masala.

Some angel investors will also be present. In the Union Budget, finance minister Arun Jaitley announced a slew of initiatives, including 100% tax exemption for three out of five years for start-ups set up during April 2016 to March 2019 aimed at facilitating growth for these new businesses.

Under the Start Up India action plan, the government also announced incentives including a tax holiday.

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