Union Budget 2021: Allocation of Rs 1,500 cr to boost digital payments will take fintech sector a higher notch Recognising fintech as an industry would have been much sweeter but overall, it is a 360-degree growth for the fintech sector Raj N February 03, 2021 13:48:10 IST Benefitting fintech. Reuters A lot was expected from Budget 2021, especially to negate the economic impact of the pandemic. The finance minister has created a fine balance between available resources and requirements to usher in economic growth. Keeping Atmanirbhar Bharat as the keyword, the Budget has spelt out a vision of making India a self-reliant nation. The fintech industry has been playing a pivotal role in providing financial services to Small and Medium-Sized Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs). The allocation of Rs 1,500 crore to boost digital payments is just what was required to take fintech as a sector to the next level. This will help companies push for innovation in a big way.