IGI Logo

Below the Quote on Industry Pre-Budget by Mr. Nirav Choksi, CEO & Co-founder at CredAble

1. Generic quote on the overall expectations: (195 words)

“Ahead of India’s Union Budget 2025, the nation is at a critical juncture with growth unexpectedly pegged at 5.4% in the second quarter. This is a result of weak export performance owing to the impact of geopolitical events on global supply chains.

Over the last few years, the government has undertaken several commendable initiatives to enhance the ease of doing business and ensure regulatory clarity.

In line with this, simplifying tax structures and ensuring more clarity in compliance requirements for startups and MSMEs will instil greater confidence in India’s legal and economic systems.

India’s capital markets have emerged as one of the best-performing markets in 2024. To ensure FinTechs and other players in the financial services sector achieve momentous growth in the coming years, we hope the budget will introduce policies for enhancing financial inclusion and creating a more robust risk management framework.

On the broader economic front, we look forward to more financial incentives such as subsidies and tax reliefs to reduce entry barriers for MSMEs and enable broader participation. Additionally, performance-linked benchmarks and targeted benefits, including easing the delivery of credit, will be crucial to propelling the MSME sector to new heights.”

2.Quote delving into the expectations around MSME lending (166 words)

“The Union Budget 2025 presents a critical opportunity to empower millions of entrepreneurs and create a more resilient and dynamic Indian economy.

Considering how affordable and timely access to financing remains a priority for the MSME sector, we hope the government takes a comprehensive review of MSME schemes. Credit to the MSME sector recorded impressive growth in Q2 2025, aligning with the sector's increased investments towards business expansion.

While a slew of policy announcements in the past have catered to the short- and medium-term credit needs of MSMEs, we are anticipating policy measures that will strengthen the digital infrastructure and ease credit access to support MSME growth.

AI-driven credit decisioning, an increase in the guaranteed coverage under CGTMSE, and subsidies to introduce innovative lending solutions will empower MSMEs to access credit without hurdles and foster inclusive economic progress. Government initiatives that support skill development and enhance participation across all tiers of the manufacturing ecosystem will further enable MSMEs to seize trade opportunities across global trade corridors.”

3. Quote delving into the expectations around Fintech and Digital Lending (159 words)

“With expectations running high for India’s Union Budget 2025, the FinTech sector calls for forward-looking policies that will create a conducive environment and support innovation in key areas like digital lending, while ensuring data security and consumer protection.

A lot remains to be done to bring the underbanked segments like MSMEs into the financial mainstream. The Union Budget can aid India’s FinTech sector to unlock the next phase of the digital lending revolution with supportive measures, clearer regulations, and tax exemptions.

FinTech platforms aim to further augment digital lending offerings with highly personalised credit solutions and flexible repayment schemes.

While UPI has pushed the envelope with innovations like credit payments, and international integration, the upcoming Budget presents an opportunity for measures that will encourage digital lenders to capitalise on this strong foundation. We expect policies that will catalyse innovation and enable FinTech players to strengthen market trust and offer long-term value by redefining credit accessibility and adopting fairer practices.”

Above views are of the author and not of the website kindly read disclaimer