Rational & comprehensive budget Kuldip Maity

2 Feb 2017

The budget presented by the Finance Minister is rational and   comprehensive. Though this year’s budget does not have any   surprises, we welcome FM’s approach to spend more in rural   areas, infrastructure and poverty alleviation. The increase in   budget provision for Fasal Bima Yojna is a welcome move.
With the renewed thrust on rural economy, irrigation, women   empowerment, rural infrastructure, 100% village electrification  and skill development, I am sure this year’s budget would be  quite impactful on rural India.
There are certainly some disappointments. As a serious Micro   Finance player, we always wanted service tax to be exempted   from the microfinance borrowers but there is no such mention in   the budget. (MD & CEO, Village Financial Services Pvt Ltd)