Finance Minister Nirmala Sitharaman in her Budget speech announced Rs 12 lakh crore of central government s gross borrowing in FY22 and an additional Rs 80,000 crore in rest of FY21
Fintech to farming: Why Amit Sinha quit Paytm to build an agritech startup, backed by VSS, NABARD
In 2019, Paytm Mall’s former COO Amit Sinha founded Unnati, a fintech-powered agritech startup. It is backed by NABARD’s venture capital arm, Vijay Shekhar Sharma, and other members of the ‘Paytm mafia’.
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Amit Sinha’s LinkedIn bio reads:
“I have been deeply involved in building 2 large unicorns in India (Paytm and Paytm Mall).”
Over two stints across 12 years at the fintech decacorn, Amit served as its CFO, Head of HR, COO of Paytm Mall, and Business Head for Paytm Insurance. Then, in 2019, he launched his own agritech startup
Budget 2021: Startup ecosystem reacts to fintech provisions announced by FM Nirmala Sitharaman
Fintech startups across the board welcomed FM Nirmala Sitharaman s Rs 1,500 crore proposal to boost digital payments, saying it was a testament to how the industry proved it worth during the COVID-19 crisis.
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Union Finance Minister Nirmala Sitharaman s Budget 2021 contained several incentives for the burgeoning financial technology industry, which saw monumental growth last year in areas, including
digital payments, retail investments via online brokerage platforms, insurance buying, and digital banking, among others.
Some of these were:
A world-class fintech hub at GIFT City (Gujarat International Finance Tec-City) aimed at encouraging and developing innovative financial technology services and products.
The chief executive officers of some of the top Indian startups and tech companies have welcomed the tax breaks and incentives in Finance Minister Nirmala Sitharaman’s Budget presented on Monday. They said coming in the wake of the Covid-19 pandemic, the Union Budget looks to strengthen many of the important pillars for economic recovery and future growth. Kalyan Krishnamurthy, CEO at e-commerce company Flipkart Group said there is a clear focus on attracting greater investments into infrastructure, boosting domestic output and creating jobs. He said it is focused on accelerating the adoption of digital technologies, and giving a much-needed boost to MSMEs (micro, small and medium enterprises) and startups.
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