Budget 2019: A confidence boost for NBFCs, says L&T Finance MD & CEO

The policy thrust on providing parity between scheduled banks and NBFCs in their tax treatment is a welcome move

This is a pragmatic and realistic Budget. The reduced tax burden on companies with an annual turnover of up to Rs 400 crore will augment investible surplus in the economy. Start-ups have been provided various tax incentives. In particular, relaxation of conditions to offset their losses will encourage entrepreneurial spirits. 

Dinanath Dubashi, MD & CEO L&T Finance

The Budget has also taken several measures to reduce risk aversion and increase lending to NBFCs. Measures like one-time partial six-month guarantee to public sector banks (PSBs) to buy loans