Post Budget Expectation from Ram Shriram, CEO, Mahagram

This budget has proposed several measures aimed at facilitating technology-driven solutions that will allow financial inclusion and invite more people to participate in the financial markets. We are glad that the government supports a reliable, efficient, and transparent digital infrastructure. Additionally, the revolutionary moment for women’s empowerment under Deendayal Antyodaya Yojana National Rural Livelihood helped women’s entrepreneurship. moreover the vision under Amrit kaal for an inclusive economy through Jan Bhagidari. Alongside this, the government has eased the KYC process and has made the PAN CARD the foundation of identity. In spite of all the challenges facing fintech companies in the current fiscal year, the economy is growing at a rate of 7%. In terms of major economies, it is the highest. With an infusion of 9,000 crores to boost economic growth, the government redesigned the credit guarantee scheme for MSMEs. Further, we are pleased that the government has provided tax relief between 3 to 5 lakh – 5%, Between 6 to 9 – 10%, and Between 12 to 15 – 20% which we anticipated. In addition, creating jobs for the youth will benefit many citizens, particularly those living in rural areas. In addition to promoting financial literacy, we have the opportunity to provide financial literacy materials to them. This will help India become a developed country, giving them a better future by supplying them with financial literacy materials.

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