New Delhi, Feb. 10 -- In the budget speech of 2025, the Finance Minister of India, Nirmala Sitharaman made numerous announcements. Some of the key announcements were for example no income tax till Rs.12 lakh income when taking in account the Rs.75,000 standard deduction. Further, a slew of changes in TDS and TCS. Along with the same several amendments were made in the MSME, KCC and personal loan areas as well.

One such announcement was the enhancement of the limit of interest subvention scheme for Kisan Credit Card to Rs.5 lakhs. Now on the question of personal loan it is clear that the interest rates charged by different lenders is not large, still even a small difference of 25 or 50 basis points can make a substantial difference over a...