It’s encouraging to see the Budget continue to recognise the role of AI and technology in shaping India’s growth story.
FinTech BizNews Service
Mumbai, 2 February 2026: Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget 2026-27 in Parliament on Sunday 1 February 2026, said that the Government led by Prime Minister Narendra Modi, has decisively and consistently chosen action over ambivalence, reform over rhetoric and people over populism.
The Budget proposes to strengthen the TReDS framework, by recognising TReDS receivables as secured assets. It proposes linkage of the GeM platform with TReDS.
Joydip Gupta, APAC Head at Scienaptic AI, explains:
“It’s encouraging to see the Budget continue to recognise the role of AI and technology in shaping India’s growth story. For the financial services ecosystem, this focus creates a strong opportunity to use AI more meaningfully to improve credit decisioning, expand access to finance, and build more resilient lending systems. The broader push towards digital infrastructure and a review of the banking sector signals the government’s intent to strengthen the foundations of the financial system. Over time, sustained policy support and regulatory clarity will be key to helping innovation translate into real, on-ground impact for lenders and borrowers alike.”
