VFS Capital CEO Commends Interim Union Budget 2024’s Focus on Women Empowerment and Regional Development

In the recent Interim Union Budget 2024, Mr. Kuldip Maity, MD & CEO of VFS Capital, lauded the government’s focus on ‘Vikasit Bharat’ (Developed India), emphasizing the upliftment of the underprivileged segments like women, youth, and farmers. The budget spotlighted the remarkable growth in women entrepreneurship, allocating 30 crore MUDRA Yojana loans to empower them further. This strategic move is anticipated to fuel the momentum of women’s participation in economic activities, thereby bolstering India’s overall economic development.

Moreover, the decision to expand the ‘Lakhpati Didi’ scheme’s target from 2 crore to 3 crore women reflects the government’s steadfast commitment to enhancing financial independence among women. By widening the scheme’s reach, more women will benefit, fostering their economic autonomy and contributing to inclusive growth.

Additionally, the budget’s emphasis on boosting the eastern region’s economic potential is commendable. This initiative holds the promise of unlocking untapped opportunities for growth and development in the region, ultimately improving the livelihoods of its inhabitants. Overall, the budget’s measures signify a concerted effort towards creating a more equitable and prosperous India.