Yuvraj Shidhaye, the Founder and Director of TreadBinary, shares his outlook on the upcoming Union Budget FY24-25 for the finance industry. In his perspective, the focus should be on driving technological advancement and promoting inclusive growth. A key priority lies in initiatives aimed at developing the workforce, particularly by equipping the youth with essential digital skills.
Shidhaye emphasizes the importance of empowering micro, small, and medium enterprises (MSMEs) in Tier II and beyond with robust fintech solutions. This empowerment is seen as crucial for achieving broader economic inclusivity. Strengthening cybersecurity frameworks is highlighted as vital to ensuring secure digital transactions and upholding user trust in the financial ecosystem.
Expanding fintech services into underserved regions takes precedence in Shidhaye’s vision, aiming to enhance financial inclusion on a national scale. He underscores the need for stringent measures against digital fraud to safeguard digital payment ecosystems, reinforcing the importance of a secure and trustworthy financial environment.
Shidhaye views the upcoming budget as a pivotal moment for the fintech industry. With strategic support and allocations, he believes it can pave the way for a thriving environment where fintech innovation becomes a driving force in India’s economic progress.
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