Budget 2024: Tech Entrepreneurs Association of Mumbai seeks financial support for startups

Finance Minister Nirmala Sitharaman will present the union budget 2024-25 in the parliament on July 23, 2024. In the upcoming budget, the Tech Entrepreneurs Association of Mumbai (TEAM) has appealed to the union government to boost financial support for startups. According to a report by Economic Times, the TEAM has urged streamlining regulatory processes and offering tax incentives, such as extending the tax holiday for startups from three to five years, will provide much-needed relief.