Budget 2024-25_Instamojo_Quote relevant from the MSME & E-commerce export hub setup – Reaction Quote
Mr. Sampad Swain, Co-founder and CEO, Instamojo
“The Ministry of Finance has unveiled a forward-looking and optimistic Union Budget 2024 designed to advance the digital economy and support the MSME sector. With ‘inclusive development’ as one of its nine pillars, this budget lays a strong foundation for accelerated financial inclusion and the expansion of the credit ecosystem. The focus on providing funding through banks to MSMEs is a commendable initiative, ensuring ongoing support for a sector that contributes over 30% to India’s GDP and serves as a vital engine for economic growth, job creation, and livelihood support. Additionally, the establishment of e-commerce export hubs for MSMEs and small artisans to sell their products internationally will significantly enhance productivity and empower the country as a whole.”
