Union Budget 2019: A budget that is pro-poor, pro-rural and pro-ease of doing business?

July 12, 2019

Aiswarya Ravi, Chief Financial Officer, Kinara Capital, an NBFC, says, “This budget has recognised that MSME entrepreneurs today are getting savvier and has extended digital inclusion to this often-ignored group. A dedicated online payments platform for the MSMEs will be a big boost to small businesses as it will reduce their credit cycle and help them to actively manage their payments. Being able to digitise their data will be a useful tool for their future funding requirements, because this group often gets rejected at the first step of a loan application. The new e-marketplace platform will help in cutting down credit cycles for MSMEs, who can then can increase their economic potential and sales reach beyond their local regions with new e-channels that will allow them to sell their products easily.”