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SahiBandhu in Media & Press

Media Story 2023-02-02
Union Budget 2023: Fintech sector up for a period of growth as Sitharaman expands DigiLocker services

The Indian fintech sector has been a driving force behind the country's economic growth. With around 6,600 fintech startups, the sector is a leading contributor to financial literacy and inclusion in India. The Union Budget's announcement by finance minister Nirmala Sitharaman, was well received by the industry, especially with the extension of DigiLocker services to fintechs and MSMEs they support. The budget also included several benefits for MSMEs, such as the credit guarantee scheme with a Rs 9,000 crore infusion, extended ECLGS until March 31, 2023, the RAMP programme with an outlay of Rs 6,000 crore, and a credit of Rs 2 trillion under the CGTMSE scheme. These initiatives, along with digital services like PM Jan Dhan Yojana, Indian Stack, and UPI, are propelling the fintech industry toward sustained growth.

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Media Story 2023-02-01
Post budget reaction quotes from industry leaders – Fintech, Startup, budget, Agriculture

Anuj Arora, Co-Founder & COO SahiBandhu“Under the Union Budget 2023, Finance Minster Smt. Nirmala Sitharaman mentioned rise in duties on gold, silver and diamond. If the market price of Gold increases, people wanting to avail loan against the Gold will get a higher loan amount for their gold sitting idle at home. We encourage Bharat citizens to make the most of this opportunity to get onto formal lending with SahiBandhu Gold Loan and further the _Saptrishi_ goal of financial inclusion.”

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Media Story 2023-01-29
Union Budget 2023: Fintech industry see government support to drive MSME growth

The Union Budget is eagerly awaited each year. The fintech sector, a key player in India's aim to reach $5 trillion by 2025, expects the government to recognize and reward its efforts in making financial products more accessible to millions.Fintech serves a large customer base of micro, small, and medium enterprises (MSMEs), contributing 30% of India's GDP and 45% of total employment. As major drivers of India's growth, fintech companies hope to look forward to further assistance from the government through the budgetHere's what industry experts seek:

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Media Story 2023-01-29
Budget 2023 Expectations Highlights: All-party meeting to be held at Monday noon

Budget 2023 expectations updates: Union Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2023-24 on February 1. As the day nears, expectations from various sectors have come to the light. Prime Minister Narendra Modi also chaired a meeting of the Union Council of Ministers on Sunday on the same. The meeting, the first to be held for the Union Council of Ministers in 2023, started around 10 am and is expected to conclude in the evening. Sources said working of several ministries and policy initiatives taken by the Narendra Modi government will be reviewed and discussed. This comes amid a buzz of a cabinet reshuffle and also ahead of the assembly polls in nine states this year. Check highlights on Budget expectations here:

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Media Story 2023-01-27
Budget 2023 Expectations From Startups, Entrepreneurs, Policy Makers & Citizens

Entire India is waiting with bated breath for the Budget 2023. Amidst global recession, layoffs and uncertain growth projections, Budget 2023 can have large scale implications, for all the sectors.Budget 2023 Expectations From Startups, Entrepreneurs, Policy Makers & Citizens We discussed Budget 2023 expectations with startups, entrepreneurs, CEOs, policymakers and citizens in general, and found some interesting thoughts and wishes.Here are the highlights:

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Authored Article 2023-01-14
Now get doorstep gold loans, too – Here’s how

For decades now, gold has remained one of the most coveted metals, whether for ornaments or as a source of investment. The gold reserves in India have expanded at a significant rate in recent years, reaching over 768 tonnes in the second quarter of fiscal 2023. In the country, borrowing money against gold is not a new concept. It has been a significant source of keeping wealth reserves, lending, as well as raising money. However, gold loans have increased gradually in the last couple of years as more people are using this unused asset reserve to fulfil their financial dreams.

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