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FM Nirmala Sitharaman presents Interim Budget 2024-25: Industry reacts | Indiablooms - First Portal on Digital News Management

New Delhi: Finance Minister Nirmala Sitharaman on Thursday said India's economy is undergoing a profound shift as she presented the final budget of the Narendra Modi government before the Lok Sabha polls scheduled for May. Emphasising the government's commitment, Sitharaman highlighted a focus on enhancing conditions for marginalised groups, including the poor, women, youth, and farmers, laying the groundwork for forthcoming welfare schemes in these sectors during her Budget 2024 address. ....

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budget 2024: Budget 2024: NBFCs bat for credit guarantee scheme, among other measures in Interim Budget

Gold loan NBFCs urge for fiscal measures in Union Budget 2024 to infuse liquidity and introduce partial credit guarantee scheme for onward lending to micro-enterprises. They also seek priority sector status, gold linked credit line via UPI, liquidity support from SIDBI or NABARD, regulatory easing for digital lending, and co-lending partnerships. Indian households idle gold can be leveraged for financing. Giving priority sector status to eligible gold loans will benefit small borrowers, self-employed, micro business owners, and MSMEs. Extending priority status to all micro gold loans can enable gold loan NBFCs access to increased funding. ....

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