Post Budget View - Mr Neeraj Mittal, JMD Bonita India

Union Budget 2016-2017 seems to be in favor of startups with the aim to accelerate entrepreneurship in India and make it a robust economy. 100% tax exemption for three years except MAT will motivate start ups to gain momentum in their respective businesses. The budget also caters to ensure speedy registration to boost start-ups with the succor from companies act.

It is an year of entrepreneurship for SC/ST & women to encourage the entrepreneurship skills among the socially backward section of the society. Stand-Up India scheme seems promising for the potential budding ideas with the bank's assistance. Start up enterprise is an indispensable section of the business fraternity which helps not in exploring potential business but plays substantial role in job creation says Mr Neeraj Mittal, JMD Bonita India.

Source : Equity Bulls

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