trilliondollar economy dream of an atmanirbhar bharat sameer aggarwal ceo founder revfinthe governments dedication to green growth approach promoting environmental sustainability as emphasized by finance minister nirmala sitharaman in the recent union budget 2023 is a commendable development the emphasis on reducing carbon footprint and generating employment through green growth initiatives displays a deep comprehension of the interdependence of the environment and the economy the 7 main priorities referred to as saptrishi will drive sustainable and environmentally friendly economic development and this truly is in the direction of india seeking a leadership role in mitigating the global climate crisis budget is very positive for the rural economy as its talking about investemnets and credit schemes in agriculture fishery cattle etc and this would higher income for rural folks and now they may have higher capacity to have l5 e rickshaw for comercial purposes and better capacity to repay emis customs duty exemption is being extended to imports of capital goods and machinery required for the manufacture of lithiumion cells for batteries used in electric vehicles to further boost green mobilitygovind sankaranarayanancofounder and coo ecofy it is heartening that green growth was identified as one of the saptarishis or pole stars that provide direction to the economy the 35000 crore allocation for the green capital expenditure is a large and explicit affirmation of the governments commitment to net zero the customs duty exemption on inputs for lithium ion batteries manufacture and the plan to replace central government vehicles will help ev growth choosing to extend the credit guarantee scheme for smes will enable these companies to be a part of the green transition also the excise duty exemptions on biogas blended cng will accelerate the waste to energy sectors growthi have always believed that in a developing country the government has to drive capital expenditure so the 33 increase in capex should be an engine for much needed post pandemic job creation the reduction in direct taxes should help us grow at the 65 predictedsagar agarvwal cofounder managing director beams fintech this years budget has been fairly positive for the startup ecosystem the extension in timelimit of incorporation for it incentives gives an additional push to the indian startup ecosystem more importantly the extension of carry forward period on change in shareholding from 7 years to 10 years makes startup acquistions more attractive supporting consolidation in the industry and hence enabling exit opportunities for founders and investors announcements around pan being the common business identifier and expansion of digilockers scope will further lead to some reduction in compliance cost for banks nbfcs and fintechs given that multiple startups today are focusing on smes we are also excited about the rs 9000 cr revamped credit guarantee scheme access to low cost finance will help smes grow faster which will create immense value for the startup ecosystem that exists around it however we were also expecting to see a few more changes specific to the pevc investment industry hoping to