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Pre Budget expectation quotes from Muthoot Microfin and Atmos Systems

Watch-Union Budget 2019-20: Budget Speech by Union Finance Minister Nirmala Sitharaman
Watch-Union Budget 2019-20: Budget Speech by Union Finance Minister Nirmala Sitharaman

Micro Finance Sector quote

“Increased government revenue, both through direct and indirect taxes will allow the government to take bold steps in direction of reviving private Investment and giving impetus to consumption led growth of the economy. With strong corporate earnings in Q3 and robust growth in Agri sector, the broader economy is poised for a steady growth. I feel that the government may go for a second round of PM Samman Nidhi DBT to farmers and would consider allocating more to MGNREGA scheme to promote development and employment in rural areas. An improved cash flow in rural economy will benefit the microfinance industry.” – Sadaf Sayeed, CEO – Muthoot Microfin Ltd.

“Microfinance industry looks forward to this budget with hope. The industry has again gained momentum and is on a steady recovery post the second Covid wave. I believe this budget would have further measures to revive and boost the rural economy. The industry would want the government to continue with the credit guarantee schemes and tighten measures to control inflation, this will help the microfinance industry to thrive again.” – Praveen T, CFO – Muthoot Microfin Ltd.

Manufacturing Industry Quote

 “As a manufacturer of the warehouse automation systems, we rely heavily on raw material and with the high increase in raw material prices, it has become difficult to provide a solution at a reasonable cost. So, we would like government to focus on controlling the inflation in raw material prices and other factor is availability of Electricity. Government should focus on generating more electricity and provide it at a better cost so that we industrialists can compete on the i

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