Reaction on Union Budget 2025 By Mr. George Alexander Muthoot, MD of Muthoot Finance
Below View On Reaction on Union Budget 2025 By Mr. George Alexander Muthoot, MD, Muthoot Finance
The Honorable Finance Minister today presented a balanced and inclusive budget that strongly aligns with the vision of ‘Sabka Vikas,’ ensuring economic opportunities for major pillars of the society - the poor, youth, farmers, and women. The significant thrust on agriculture, with targeted credit measures under the Prime Minister Krishi Yojana and the expansion of Kisan Credit Cards, will empower 1.7 crore farmers. This will not only enhance agricultural productivity but also boost rural consumption.
Furthermore, the government's focus on MSMEs, women entrepreneurs, and first-time business owners through term loans of up to RS.2 crore and structured capacity-building initiatives will drive small business growth, fostering employment and strengthening the country’s production ecosystem. Additionally, the Rs.10,000 crore Fund for Startups will fuel entrepreneurship. These measures will contribute to a more self-reliant and resilient economy. As India's largest gold loan NBFC, Muthoot Finance remains committed to supporting this vision by facilitating seamless access to credit and financial inclusion for individuals and businesses across India.
Further, the union budget has been supportive of middle class and we believe that the increased disposable incomes will fuel aspirations. All of the above initiatives will not only fortify the economic foundation but also drive a more financially inclusive future.
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