Startups came, took loans and vanished. Now borrowing isn’t easy
Nearly 1,500 startups have received subsidised government loans over the past three fiscal years, but entrepreneurs say weak policies, poor targeting and lack of long-term support have left little visible impact.
Over the last three fiscal years, approximately 1,500 startups have accessed government-subsidized loans. However, entrepreneurs are reporting that these initiatives have had a limited discernible effect. Concerns have been raised regarding the effectiveness of the policies, the suitability of the loan recipients, and the absence of sustained support mechanisms for these businesses.
This situation highlights potential inefficiencies in government support programs for new businesses, impacting the accessibility of crucial funding for startups.
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