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of <h1>Fintech Report Urges Cash-Flow Financing for MSMEs, Drone Use in Insurance, and Modernized Land Records for Farmers.</h1> The Steering Committee on Fintech, formed by the Ministry of Finance, submitted its final report to the Finance Minister, focusing on leveraging fintech for financial inclusion of MSMEs and enhancing regulatory flexibility. Recommendations include cash-flow based financing for MSMEs, open-API MSME stack development, and using technology like drones for insurance assessments. It suggests modernizing land records, creating a credit registry for farmers, and adopting RegTech and SupTech for compliance and supervision. An Inter-Ministerial Steering Committee will oversee implementation, and a dedicated team will coordinate fintech developments across ministries. The report emphasizes fintech's positive impact on agriculture and MSMEs.
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