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Union Budget 2021: Start-ups seek relief from Nirmala Sitharaman

The start-up sector has high expectations from the Union Budget 2021.

Jan 23, 2021, 8:02 PM IST

The start-up sector has high expectations from the Union Budget 2021.

One such venture, Royal Brothers -- a bike rental start-up firm -- expects Finance Minister Nirmala Sitharaman to slash GST to 18 per cent from existing 28 per cent.

Abhishek Chandrasekhar, founder and CEO of Royal Brothers, says that with the vehicle rental business mushrooms in various states, demand for 'one nation and one permit' grows louder.

Considering that the start-up sector generates 30 percent employment, Abhishek Chandrasekhar suggests that the government should provide loans and support for minimum three years without expecting the start-up to show profit as condition for loan.