Start-up India good way to spend taxpayers’ money: poll

Prime Minister Narendra Modi laid out an action plan for start-up enterprises, proposing self-certification related to nine labour and environment laws and said no government inspectors will visit start-ups in the first three years after their launch. Photo: PTI

Prime Minister Narendra Modi laid out an action plan for start-up enterprises, proposing self-certification related to nine labour and environment laws and said no government inspectors will visit start-ups in the first three years after their launch. Photo: PTI

A majority of the respondents to an instaVaani poll have backed the Start-Up India programme launched last weekend by Prime Minister Narendra Modi, who said the government would ease regulations and committed Rs.10,000 crore to fund fledgling companies.

Seventy-six per cent of the respondents (333 out of 437 people) to a specific question said they endorsed the initiative. And 72% (230 out of 320 people) said they thought it was a good way to spend taxpayers’ money, although some experts have questioned the government’s use of public funds as venture capital.

Click here for enlarge

InstaVaani polled 567 respondents across all major metros to get a sense of what public sentiment is on the government’s start-up policy.

As many as 334 of the total respondents (59%) said they were not aware of details of the programme.

PM Modi laid out an action plan for start-up enterprises, proposing self-certification related to nine labour and environment laws and said no government inspectors will visit start-ups in the first three years after their launch. He proposed tax breaks and measures to loosen bureaucratic red tape.

[“source-Livemint”]