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Last updated: 06 Mar, 2018  

MSME.Thmb.jpg Govt forms committee to study FinTech, financial inclusion of MSMEs

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SME Times News Bureau | 06 Mar, 2018

The Government has formed a Steering Committee to study issues relating to development of Fintech space in India and its use to enhance financial inclusion of Mirco, Small and Medium Enterprises (MSMEs).

To consider various issues relating to development of Fintech space in India with a view to make Fintech related regulations more flexible and generate enhanced entrepreneurship in an area where India has distinctive comparative strengths compared to other emerging economies, an official release said Monday.

The Steering Committee will also focus on how Fintech can be leveraged to enhance financial inclusion of MSMEs, it added.

Union Minister of Finance and Corporate Affairs Arun Jaitley in his Budget Speech 2018-19 announced formation of a Steering Committee.

The committee will consider how Fintech can be leveraged in critical sectors of the economy, especially financing of MSMEs, affordable housing, delivery of e-services to vulnerable sections, provision of land record management and other government services, access and adoption of digital payments, and to study the developments in these areas.

 
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Mousumi Mukherjee Entrepreneour | Wed Mar 14 08:45:25 2018
Mousumi Mukherjee is going to set up an unique project of health care like, Dialysis, Intravenous fluid and series of Plastic disposable medical devises under the same factory premises, Technology & financial assistance from The Netherlands. Cost of the project INR 160.00 Cr


 
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