ETtech Budget Watch: Fintechs seek ‘priority’ tag, sops in 2023 Budget

As the countdown for the Union budget 2023-24 begins, Indian fintechs are batting for incentives to help widen their participation in formal financial economy, industry organisations and fintech founders told ET.

In their expectations from finance minister Nirmala Sitharaman, the fintech industry – which has seen several regulatory reforms over the last year – is seeking ‘priority sector’ status for driving financial inclusion, along with sops to cover the cost incurred for growing digital payment net in the country.