Finance Minister Nirmala Sitharaman said that Rs 1 lakh crore will be given to deep tech start-ups or tech start-ups which will be either interest-free or at a very low interest rate.
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Finance Minister Nirmala Sitharaman said that Rs 1 lakh crore will be given to deep tech start-ups or tech start-ups which will be either interest-free or at a very low interest rate. She said deep tech will help India become self-reliant in the defence sector. Let's try to understand what this is all about.
Finance Minister Nirmala Sitharaman presented the budget in Parliament. No changes have been made in the income tax rates. Apart from this, no major announcement has been made for the tech and auto sector in this budget. In his speech, the Finance Minister extended the slogan of Jai Jawan, Jai Kisan, Jai Vigyan and gave a new slogan of Jai Jawan, Jai Kisan, Jai Vigyan, Jai Anusandhan.
She said that technology is helping a lot in farming and business and the government is committed to support it. Nirmala Sitharaman has announced to open a treasure trove for deep tech startups.
She said that Rs 1 lakh crore will be given to deep tech startups or tech start-ups which will be either interest-free or at a very low interest rate. He said deep tech will help India become self-reliant in the defence sector. Let's try to understand what this is all about.
Deep tech you can say deep technology in very simple language. Deep tech start-ups work on very complex technologies. Deep tech is also called advanced technology. Deep tech includes areas such as artificial intelligence, quantum computing, blockchain, robotics, and biotechnology.
Deep tech involves exclusive innovation. Most of the startups in deep tech work on machine learning and artificial intelligence (AI). Blockchain, virtual reality, augmented reality, computer imaging, etc. can be incorporated into deep tech.
The core areas in which deep tech startups are working include artificial intelligence (AI), life sciences, agriculture, aerospace, chemistry, industry and clean energy. Deep tech is also used in the monitoring of crops.
Apart from this, it is also used to take care of a patient in an incurable disease. AI drones, AI robots are also examples of deep tech. According to a report, there are more than 3,000 deep tech startups in India.
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"This will be a golden era for our tech-savvy youth. A fund of one lakh crore rupees will be set up. Apart from this, Deep Tech Startups will get a fifty-year interest-free loan. The fund will provide long-term financing or refinance with long-term and low or zero interest rates. This will encourage the private sector to significantly scale up research and innovation in sunrise domain areas. We need programmes that combine the strengths of our youth and technology. Help will also be provided for deep tech in the defence sector.
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