Budget Reach Quote From Siddharth Khinvasara, Co-Founder EarthFood

“The Union Budget 2019-20 is very promising, especially for the agriculture sector. The incubation of the zero budget farming that involves zero credit for agriculture and no use of chemical fertilizers is a welcome move by the government of India. The government’s stance of setting up of 10,000 farm producer organisation by 2022 that will ensure economies of scale for farmers regarding access to inputs and markets will truly enhance the agriculture sector. Additionally, 80 livelihood business incubators and 20 technology business incubators will be set up to produce 75,000 skilled entrepreneurs in agro-rural industries will be a boost for a lot of budding entrepreneurs in the agri space. The governments focus on promoting entrepreneurship is quite evident. The announcement of an exclusive television channel for start-ups that creates a platform for discussing issues affecting the growth and match-making with venture capitalists is a move that is widely applauded by the start-up industry. Clearing the air around the Angel tax issue has been a relief for the startup community. Start-ups not being scrutinized by the IT department regarding the funds raised is a huge revolution for the start-up ecosystem as this would reduce the burden on the budding entrepreneurs. From a business standpoint, 25% corporate tax which is now stretched to companies with turnover of 400 crore is going to really boost the MSMEs and help them grow and survive in the competitive market.”– Siddharth Khinvasara , Co-Founder EarthFood