In recent years, start-ups and the e-commerce industry in India
have grown at a rapid pace. The Government has also continually
recognized the immense potential this presents and has sought to
build an ecosystem and framework, which is conducive for growth of
start-ups. Against this backdrop, Union Budget 2022 has proposed
the following measures to promote startups:
Policy Measures
Permitting Drone-As-A-Service by start-ups across agriculture
and other sectors: This is pursuant to the liberalised Drone policy
introduced last year and the PLI scheme for manufacturing drones
and its components.
Defence R&D, which is presently monopolized by the public
sector, has been opened up for start-ups, private industry and
academia. 25% of the budget has been earmarked for such entities.
Private sector (including start-ups) will be permitted to take up
design and development of military platforms and equipment in
collaboration with DRDO and other organizations through
