Digital Currency & Final Inclusion
The Union Budget 2022 received mixed reactions. Here are some reactions from the industry leaders over Budget 2022!
Thoughts from FinMapp Experts
“The Budget was all about growth and this can only happen with considerable increase in Capex expenditure, which the FM has increased by approx 35%. The increase in Capex expenditure directly /indirectly will lead to macro as well as micro growth of the economy.
The focus on digitization was written all over the FM’s speech as she announced Digital banking unit, which is a great step towards financial inclusion through clarity on implementation is needed. Connecting post offices to banking Infra digitally will also help tremendously in ensuring financial inclusion. The initiative will help in ensuring lesser operational headaches and low cost for the government vis a vis managing physical currency. The initiative also confirms the importance of blockchain as a technology, which a lot of companies have started implementing in various processes.” said Kumar Binit, Co-Founder & CEO, FinMapp.