Shilpa Mahna Bhatnagar, CEO & Co-Founder Evoxyz Technologies says “The Union Budget 2017 gives me a mixed feeling, certainly more on the positive side. On the positive side, there has been tax reduction on MSMEs, these concessions will also build a platform for MSMEs to embrace the company’s format, reduction of custom duties on hardware for Fintech innovation and increase in child and women healthcare fund, the only concern which advances is that whether we as startups will be able to use them. The processes to leverage these reforms are so complex that entrepreneurs find it extremely difficult to use them; hence there should be more focus now on ease of execution of these reforms for startups to flourish.”
For instance, Evoxyz working for the cause of child security can create a better and faster impact in case we get this support from the Government of India.
