We are expecting an accelerating financial inclusion by recognizing the role of fintech in making credit Says Mr Ashish Khandelia, Certus Capital
Below is quote on Pre-Budget Expectation by Mr Ashish Khandelia, Founder, Certus Capital.
“Over the past few years, new-age technology has propelled the fast growth and expansion of the fintech industry. In the upcoming budget 2023-2024, we are expecting an accelerating financial inclusion by recognizing the role of fintech in making credit and financial products easily available to the multitudes. Given that fintech is already involved in financial inclusion, creating a separate category of borrower loans that classify as a priority sector will help achieve the inclusion goal. New technologies such as AI and ML will adopt the consumers in the coming years and hence, the focus will be enhancing the digital infrastructure by investing in Open Network for Digital Commerce (ONDC). As the announcement is not so far, we also wish to see the rationalization of taxation related to ESOPs to promote and attract the right talent further in emerging sectors.”
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