Mumbai, Jul 24: This Budget gets full marks for the choice of areas that the government would want to support in its effort to gradually move India towards its ultimate Viksit stage.

“This Amrit Kaal has come to India due to its strong demographic dividend and the large number of youths joining the employment force. This needed interventions on all aspects – not only to provide formal education to the youth, but also to encourage the perfect skill mapping. Of note is the support being provided in the budget to MSMEs to scale up and compete with the world by enabling funding to the segment. Doubling the limit for Mudra loans also need to be called out as this will enable small businesses to develop,” said Prashant Kumar, MD & CEO of of YES Bank.

Shyam Srinivasan, the outgoing MD & CEO of Federal Bank said, “Increase in the limit of education loan to Rs 10 lakh is a welcome step. Even as it will not have much impact on the bank’s loanbook, still it will improve the sentiments of the borrowers which may help banks increase their loanbooks further in future.”