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Below the Quote on Fintech Industry Leaders React on Interim Budget 2024 by Anand Kumar Bajaj, PayNearby

“The interim Union Budget presented by the Ministry of Finance is well-rounded and optimistic. It is extremely encouraging to see the underprivileged, women, youth, and farmers at the heart of Budget 2024-25, as it will lay the foundation for faster financial empowerment and a more equitable society. We wholeheartedly embrace the Lakhpati Didi initiative, aligning with the Government’s vision to create 3 crores self-reliant Lakhpati Didis. Through our association with various livelihood missions across states, we have successfully onboarded 100,000+ women as Business Correspondents, empowering them with skills to offer financial and digital services to their communities. As we eagerly anticipate Union Budget 2024, we seek specific measures, including a 5% GST rate for last-mile empowerment startups, a GST waiver on all financial services from BC outlets, Income Tax relief, and reduced import duty on essential financial services devices.”

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