Mr. Rohit Gajbhiye, CEO, Founder Financepeer
The budget balances out both the short-term and long-term requirements of the country. Focus on Funds mobilization, Financial Inclusion, Modernization of Education infrastructure and curriculum, Special impetus for Startups and Entrepreneurship are some of the biggest takeaways from this budget. Startups have been given special recognition which reflects the government’s intent of building a conducive environment for business and entrepreneurship.
Financial inclusion initiates will benefit banks and NBFCs if appropriate infrastructure is provided. Digital Banking and Fintech emphasis, when combined with efforts to make conducting business easier, will further provide momentum to already-growing Fintech space. The initiation of 75 digital banks across the country will strengthen the foundation of the Fintech sector. The establishment of the digital university will push the Ed-tech sector to the next level and widen the reach of the education sector. The announcements in the budget are the reflection of the growing significance of the fin-tech and allied sectors in the Indian economy.
