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.”