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Below the Quote on Fintech Industry Leaders React on Interim Budget 2024 by Yashoraj Tyagi, CASHe

“The 2024 Union Budget consistently emphasizes the tech sector, highlighting a commitment to inclusive growth across diverse fields such as agriculture, finance, health, and communities, fostering economic empowerment throughout all sectors.

 The spotlight on expanding the EV ecosystem creates exciting prospects for fintech companies to innovate financing and payment solutions in this rapidly growing sector. Additionally, the government's emphasis on developing new tourist attractions has the potential to elevate tourism nationwide, possibly spurring demand for travel loans and enhancing economic growth. This not only strengthens the lending sector but also extends credit accessibility for travel to a broader audience keen on exploring emerging tourist destinations.

 Furthermore, the recent establishment of prestigious higher education institutions such as IITs, IIITs, IIMs, and AIIMS underscores a commitment to skilling and reskilling the workforce. This, combined with increasing aspirations for higher education, may lead to a surge in demand for education loans, creating fresh opportunities for the fintech industry.

 It is also commendable that the FM announced initiatives under PM Mudra Yojana and Start-Up India for young Indian startup founders who have been creating employment opportunities for Indian citizens in various sectors, including fintech. The budget presents a well-rounded vision for economic progress, offering fertile ground for financial innovations and growth across various sectors.”

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