2024-07-24 03:47:46 pm | Source: PR Agency
The government’s commitment to enhancing women’s participation in the workforce through initiatives like working women's hostels and creches is a welcome development.
The allocation of over Rs.3 lakh crore for schemes benefitting women and girls as well as setting up of women-specific skilling programmes to boost women's participation in the workforce, signals a significant commitment to women-led development. However, there remains ample room for improvement in the execution and scope of these policies.
The introduction of a new assessment model for MSME credit is a step in the right direction, allowing for a more nuanced understanding of credit eligibility that extends beyond traditional metrics. Several fintechs and non-traditional financial institutions have been working on this front for a while now, so a collaboration between government and the fintech ecosystem to facilitate this would be a great post-budget action item.
In sum, while there are positive elements in this budget, there is still room for improvement in terms of the implementation and outcome of these initiatives. The journey toward comprehensive support for all sectors, particularly for women and MSMEs, is ongoing, and we look forward to seeing how these initiatives evolve in the future."
Budget Reaction on Startup by Gurjodhpal Singh, CEO, Tide in India
Below the Quote on Budget Reaction by Gurjodhpal Singh, CEO, Tide in India
"While the budget reflects a commendable focus on employment, skilling, and women, it is important to recognise that many of the policies will need a robust implementation. The increase in Mudra loan limits from Rs.10 lakh to Rs.20 lakh is a positive step for entrepreneurs, yet the on-ground implementation of the government’s policy directive needs stronger adoption at the grassroots level.
The government’s commitment to enhancing women’s participation in the workforce through initiatives like working women's hostels and creches is a welcome development.
The allocation of over Rs.3 lakh crore for schemes benefitting women and girls as well as setting up of women-specific skilling programmes to boost women's participation in the workforce, signals a significant commitment to women-led development. However, there remains ample room for improvement in the execution and scope of these policies.
The introduction of a new assessment model for MSME credit is a step in the right direction, allowing for a more nuanced understanding of credit eligibility that extends beyond traditional metrics. Several fintechs and non-traditional financial institutions have been working on this front for a while now, so a collaboration between government and the fintech ecosystem to facilitate this would be a great post-budget action item.
In sum, while there are positive elements in this budget, there is still room for improvement in terms of the implementation and outcome of these initiatives. The journey toward comprehensive support for all sectors, particularly for women and MSMEs, is ongoing, and we look forward to seeing how these initiatives evolve in the future."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Buy Gold Above 145000 SL BELOW 144000 TGT 146400/147...
India's MANAS helpline records nearly 1 million conn...
Investments are a big driver in India-Japan partners...
MPEDA's Seafood Skill Olympiad showcases India's val...
Tax changes, customs hikes to shape bullion market i...
Watch! PM Narendra Modi meets Japanese Prime Ministe...
Arrow Greentech inches up after getting patent for G...
Force Motors shines on reporting 24% rise in total s...
Watch! PM Narendra Modi, Japanese PM Sanae Takaichi ...
Watch! PM Narendra Modi, Japanese PM Sanae Takaichi ...
.jpg)
