Archive · 2 Jun 2025
FM Sitharaman Reviews Fintech at Pine Labs, Empowering MSMEs
The Indian government is keen on helping businesses through technology.
The Finance Minister visited a company called Pine Labs that creates financial tools.
She saw how these tools are helping businesses, especially small ones, to make and receive payments easily.
One example is a farmer who now uses these tools in his mobile phone stores.
The government hopes that these tools will help more people and businesses in the future.
Finance Minister Nirmala Sitharaman visited Pine Labs to assess fintech tools.
The visit highlighted the government's push for Digital Public Infrastructure (DPI).
Sitharaman observed fintech solutions linked to prepaid instruments and government schemes.
She interacted with stakeholders to understand fintech's impact on MSMEs and merchants.
A former mango farmer now runs three mobile phone stores, benefiting from fintech and UPI.
- Who
- Union Finance Minister Nirmala Sitharaman.
- What
- Finance Minister Nirmala Sitharaman reviewed fintech tools.
- When
- On Tuesday.
- Where
- Noida, India (Pine Labs office).
- Why
- To assess how fintech empowers businesses and supports Digital Public Infrastructure.
- Finance Minister
- Nirmala Sitharaman
- Fintech Company
- Pine Labs
- Key Focus
- Digital Public Infrastructure (DPI)
- Beneficiaries
- MSMEs and Merchants
- Kuldeep Chauhan's Origin
- Hapur, Uttar Pradesh
