Pramod Saxena, Chairman & MD, Oxigen Services shares his expectations from Union Budget 2016
“With the upcoming budget announcement for the year, we feel that the Finance Minister Arun Jaitley should consider incentives for digital payments like direct subsidy credits similar to carbon credits since 95% of payments in the country are still in cash.” (Also Read: Budget 2016: Renewable Energy Min seeks Rs 10k cr for higher capacity)
The FM should also focus more on according ‘infrastructure status’ to digital payments network in rural areas for financial inclusion and payments. We expect that FM should also consider allocation of budget for promotion of financial literacy in rural areas. PPI’s should be allowed to offer cash out services to expand the reach of financial inclusion.”
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