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
Quote on RBI MPC Policy by Mr. Niraj Kumar, Chief In...
Quote on RBI MPC by Dr. Poonam Tandon, Chief Investm...
T Rabi Sankar appointed as part-time member of 16th ...
Late GST returns can?t be filed after 3 years; GSTR-...
Quote on RBI Lowers Repo Rate and Cash Reserve Ratio...
India delivers LPG to over 33 crore consumers after ...
One more repo rate cut expected this fiscal, GDP to ...
Jitendra Singh to lead high-level Indian delegation ...
Quote on RBI MPC by Mr. Vinod Francis, General Manag...
Quote on RBI MPC by Mr. Kishore Lodha, Chief Financi...
Tag News
Post budget announcement on Insurance and Investment Banking Sector by Mr. Sharad Mathur, Ma...
Post budget announcement on Insurance and Investment Banking Sector by Ms. Anitha Rangan, Economist, Equirus
Quote on Union Budget 2025-26 by Mr. Arsh Mogre, Economist Institutional Equities, PL Capital - Prabhudas Lilladher
Reaction on Post Budget 2025 on Mr. Narayan Subramaniam, CEO & Co-Founder, Ultraviolette Automotive Pvt. Ltd
More News
Budget Day Input Startup Sector Anish Shah, Partner, M&A Tax and Regulatory Services, BDO India
Budget Reaction on Startup by Akshay Mehrotra, Cofounder & CEO, Fibe, India`s leading fintech and consumer lending platform
Start-up/Fintech Budget Quote on union budget 2024-25 by Mr. V. Raman Kumar, Founder & Chairman, CASHe
Start-up/Fintech Budget Quote on Union Budget 2024-25 by Yashoraj Tyagi, CEO, CASHe