The announcement by the RBI is a big positive move to improve sentiments and provide liquidity boost to the economy

Mr. Ashneer Grover, Co-Founder & CEO, BharatPe:

“The announcement by the RBI is a big positive move to improve sentiments and provide liquidity boost to the economy reeling under the effects of the corona virus pandemic.  These step will also  help in reducing burden on businesses in the present economic conditions.

Also, the government need to expedite the NBFC licensing process for FinTechs so that they can provide the last mile liquidity to the 'unbanked' and help provide loans to those at the bottom of the pyramid. Which will further help in boosting the economy. Through the NBFCs the government will be able to reach the last mile business and individuals f