(MENAFN- IANS) New Delhi, Feb 3 (IANS) As India aspires to become a $5 trillion economy by 2025, sunrise sectors like Electric Vehicles (EVs), renewable energy, semiconductors, electronics manufacturing and more – which have the potential to transform the country’s economic landscape — have been given a renewed focus by the government.
The Rs 1 lakh crore corpus, to provide long-term, interest-free financing for the tech-savvy youth is a positive measure as access to capital is a critical factor to support innovation and growth in sunrise industries.
Presenting the Interim Budget in the Lok Sabha last week, Finance Minister Nirmala Sitharaman said that this corpus will provide “long-term low or nil interest rates so that the youth can innovate at scale.”
“For our tech-savvy youth, this will be a golden era. A corpus of Rs 1 lakh crore will be…
