Govt's Big Push For AI Startups, New Businesses Revealed In Union Budget 2025


Monica Prabhudesai

Monica Prabhudesai

Feb 04, 2025


As we all know, India’s Finance minister, Nirmala Sitharaman announced the Union Budget 2025 for the record eighth time this Saturday.

The budget comes with a slew of announcements for the startup and tech sector.

In addition to this they have included a fund of funds (FoF), an artificial intelligence (AI) centre and measures to boost global capability centres, among others.

Unwailing Of Union Budget 2025 

It appears that the Union Finance Minister Nirmala Sitharaman unveiled her eighth consecutive Union Budget on February 1.

While that being said, the income tax rebates she has announced have been the biggest talking point so far.

Besides this, the finance minister has also announced various schemes for the MSME sector, women, farmers, the education sector, boosting exports, etc. 

It appears that all these initiatives are announced to boost self-reliance in the country at the same time keeping an eye on Atmanirbhar Bharat.

 The announcement of tax relief has been welcomed as a breath of relief after going through the widespread discontent among the middle class.

Highlights From Union Budget 2025

Let’s go through the key takeaways from Nirmala Sitharaman’s speech.

Sitharaman said that earlier, the Economic Survey which was tabled in Parliament projected a growth rate of 6.3-6.8 per cent for the next financial year.

Further adding,  “Viksit Bharat@2047 envisions India as a developed nation by 2047, the centenary of our independence. This would entail sustained economic growth of close to 8 per cent every year for at least a decade.”

Moving ahead, the finance minister announced a new fund of funds (FoF)  for startups with an expanded scope of Rs 10,000 crore.

Besides this the centre has also proposed to set up a centre of excellence (CoE) in artificial intelligence (AI) for education with a total investment of Rs 500 crore.

In addition to this, they will extend the startup incorporation period by 5 years as they want to allow more Indian firms to qualify for these benefits.

For the gig workers, the government of India has announced that they will get health insurance under the Jan Arogya scheme.

To implement this, they will be given identity cards, said the finance minister.

In order to cultivate scientific temper in young minds, 50,000 Atal Tinkering Labs will be set up in the country in the next five years.

Additionally, the government will be launching the Bharatiya Bhasha Pushtak scheme to provide a digital form of Indian language books for schools and higher education.


Monica Prabhudesai

Meet Monica Prabhudesai, the tech-savvy mind behind Trak.in’s latest insights. With a passion for unraveling the complexities of the tech world, Monica keeps readers informed and engaged with her succinct and compelling articles.

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Technology
Jun. 2, 2023

Future-Proofing Financial Operations: The Impact of Guru4Invest on Business Sustainability

As global markets grow increasingly complex, businesses face significant challenges in maintaining financial stability. Inefficient resource allocation and a lack of timely insights can prevent companies from reaching their full potential. To address these issues, organizations need tools that offer clear direction and practical solutions. Guru4Invest meets these demands by delivering innovative strategies to optimize […]

Technology
Sep. 8, 2022

Samsung Launches The Wall All-In-One and Flip Pro: Is This The Future Of Display Technology?

Samsung has launched The Wall All-In-One – the modular MicroLED it says is revolutionizing the future of display and the Flip Pro, which is an interactive display. Both were unveiled at the InfoComm India 2022 which is India’s Professional AudioVisual (Pro AV) and Systems Integration Technology Exhibition. This took place in Mumbai from September 5-7. […]

Technology
Jul. 28, 2022

Google Street View Launches In India Across These 10 Indians Cities! Plans To Expand To 700,000 Kms, 50 Cities In 2 Years

Google’s Street View is finally available in India a decade after it was prevented from capturing data for its Street View services. Second coming Street view offers a 360-degree interactive panorama feature initially for 10 Indian cities with data from local partners Tech Mahindra and Mumbai-based Genesis International. Its entry into India is facilitated by […]

Technology
Jul. 10, 2022

This Electricity-Free Cooler Developed By IIT Researchers Can Replace Air Conditioners! How It Work?

Indian Institute of Technology Guwahati researchers have built a ‘Radiative Cooler’ which does not require electricity to operate. This is an affordable and efficient ‘passive’ radiative cooling system that can serve as an alternative to ACs. The coating material is an electricity-free cooling system that can be applied in the rooftops and functions during both […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online