Deliver modern merchandise for startups, fintech, PM asks banks


New Delhi, February 26

Prime Minister Narendra Modi on Friday stressed on increasing credit to businesses to meet the needs of a fast reflating economy and said financial products will have to be tailor-made for fintech and startups.

Speaking at a webinar on Budget announcements on Financial Services, Modi said to help small and medium businesses during the Covid pandemic, 90 lakh MSMEs were given credit worth Rs 2.4 trillion.

“Supporting MSME and startups and expanding credit flow to them is necessary. The government has undertaken reforms and opened up sectors like farm, coal and space. Now it’s the responsibility of the financial sector to understand the aspirations of rural and smaller cities and make them the strength of Aatmanirbhar Bharat,” he said. — PTI



Be the first to comment on "Deliver modern merchandise for startups, fintech, PM asks banks"

Leave a comment

Your email address will not be published.


*


%d bloggers like this: