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Some fintech players are finding it early to comment on the initiative and expected more from the Budget for financial inclusion.
Among the measures announced on Friday under the Union Budget 2021-22, the
fintech industry also had something to cheer about. Finance Minister Nirmala Sitharaman mentioned that the Government would support the development of a world class Fintech hub at the GIFT-IFSC (Gujarat International Finance Tec-City, India s first International Financial Services Centre).
The minister also highlighted a significant increase in digital payments in the last couple of years “There has been a manifold increase in digital payments in the recent past. To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to promote digital modes of payment,” she said.
₹1,500-crore allocation to digital payments set to spawn new-age fintech start-ups
February 01, 2021
Will lead to large-scale adoption, say players Finance Minister Nirmala Sitharaman’s Budget announcement of ₹1,500-crore allocation to boost digital payments in the country is set to spawn a large number of new-age fintech start-ups in the country.
“The allocation of ₹1,500 crore is a very big amount. More importantly, it signifies the government’s intent of removing cash and introducing digital payments by favourably backing fintech start-ups that can help solve the huge cost of handling cash and the risks associated with it,” Harshvardhan Lunia, co-founder and MD, Lendingkart Technologies, told
Synopsis
With an employee strength of 140 people across the country, the recent hiring cycle saw new hires from tier 2 and 3 towns such as Krishnagiri, Kolar, Dehradun and Sitapur.
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Along with the introduction of the permanent work-from-home feature, the company plans to continue following its work from anywhere policy
BENGALURU: Instamojo, a full-stack solutions provider for MSMEs, has announced that it has ramped up hiring and on-boarded more than half its new hires from tier 2 and 3 cities and towns, across the last three months.
Hiring was conducted across several verticals including tech, marketing and product teams. The company has also introduced a permanent work from home flexi option where employees can choose to either work from home or office as per their convenience.
Thiruvananthapuram, Jan 18: With Kerala recording 0.11 per cent dropout rate of school students in the year 2019-20, Education Minister C Raveendranath on Monday said the state has achieved the distinction of having the lowest dropout rate in the country.
As businesses prepare lean and flexible models that operate in an online-offline mix in the post-pandemic world, the focus for digital platforms in India will be on selling directly to the consumers in 2021, a new report said on .