#Startup India: Bankruptcy bill will encourage entrepreneurs to take the plunge without fear, says Practo’s Shashank ND

As Prime Minister Narendra Modi outlined the policies under his ‘Startup India, Standup India’ initiative, young entrepreneurs were thrilled and quite excited to take the plunge.

Similar is the case with Practo’s Shashank ND, who is impressed about Modi’s Startup Action Plan.

Shashank said the government is engaging with the community and is removind hindrances to foster faster growth.

Another aspect that Modi touched was the Bankruptcy Bill.

“I think the Insolvency and Bankruptcy Bill will allow startups to exit faster, within 90 days and it is a great step towards encouraging more people to take the plunge of starting a new venture, without the fear of failure. We at Practo believe that acquisitions are a great way to grow together and move faster, and with this bill,” said Shashank.

Practo founder also lauded the steps taken towards relaxation of financial and labour norms, saying they will make things simpler for young startups so they can focus on innovation without getting entangled.

“I am extremely excited about the Atal Innovation Mission. This will help foster innovation at a grassroot level among students in schools and colleges, which will in turn encourage more youngsters to enter the field of entrepreneurship and innovate and create some ground breaking products that will be used by people around the world,” said Shashank.