Fintech will help Maharashtra to be a trillion dollar economy

Devendra Fadnavis, Deputy Chief Minister of Maharashtra, said at the Global Fintech Fest on Wednesday that fintech will drive the economy and contribute to its growth even more in the days to come.

Talking about the fintech innovations in Maharashtra, Fadnavis said, “Maharashtra is the fintech and startup capital of India. It was the first state to launch a fintech policy. Under this policy, we developed the entire ecosystem with smart centres, a fintech registry, a fintech API sandbox, and Rs 100 crore fund which has resulted in over 500 companies accessing this set-up. This fund has attracted investments of nearly Rs10 billion. Today, this policy is widely accepted by the industry, and we are open to amending it to attract more fintech start-ups. Fintech will help us to be a trillion dollar economy.”