“The government has made an excellent move by introducing one-day speedy registration of the companies. This will boost the number of start ups immensely. Rigid conformity to formal rules prevents action and decision-making, thereby draining energy. With Budget 2016, current red-tapism comes to an end; the energy will now go on building and growing businesses in initial inception phase.”

“Imposition of 1 per cent excise duty on branded Jewelry will have a negative impact on the Jewelry Industry, as it is a already a very thin margin business.”

“Government has allocated Rs 500 crore for scheduled caste, scheduled tribes and women entrepreneurs under the Stand Up India scheme. The number of job creators will go up significantly and will benefit 2.5 lac entrepreneurs. This announcement is going to convert millions of dreams into reality.” (Also Read-  Union Budget 2016: Industry leaders welcome Arun Jaitley’s ‘progressive budget’)

“Another big push by the government for startups is tax holiday for three of five years of setting up the company. This will help startup manage the cash well and will give a very conducive environment for them to flourish. It will help meet the working capital needs during the initial years.”

“We were also hoping to hear timelines on GST, as this could be a real game changer for the industry .”

“Rural development is undoubtedly one of the major focus of this budget. A country’s economy has a direct correlation with infrastructure, especially roads and I appreciate the focus on infrastructure development. In a true Modi style , this budget truly captures the essence of fine balance of reforms and development.”

“Another welcoming move by the FM is to propose a cash purse of Rs 1700 crore to build 1500 multi-skill development centers. This scheme promises to impart and develop entrepreneurial skills in one crore youth in a span of one year.”