Allowing religious trusts to invest in startups could catalyse the ecosystem | The Indian Express

Allowing religious trusts to invest in startups could catalyse the ecosystem | The Indian Express

Written by Sunil Goyal |Updated: October 8, 2019 10:03:46 am

The writer is managing director and fund manager, YourNest Venture Capital.

Allowing religious trusts to invest in startups could catalyse the ecosystem

If India’s aim is to be a more efficient economy, policy-makers must allow our charitable/religious trusts to invest/deposit part of their corpus into the startup eco-system.

Religious trusts have been historically known to be repositories of wealth donated by disciples and followers.

“Jiska koi nahin, uska toh khuda hai yaaron,” (he who has no one, has God, my friends) was a hit song from the 1981 film, Laawaris. Its lyrics are as relevant for today’s budding entrepreneurs.