UPI surges; now 51% of digital transactions in India
Financial inclusion: Kerala tops the list with a score of 90.9; Bihar ranks at the bottom with 38.5.
financial inclusion
December 2021
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India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
Fintech is key to financial inclusion: Mastercard
Mastercard believes the fintech revolution can take financial inclusion to the next level in India, where digital payments have already seen a significant jump.
Financial inclusion for the cash-only economy
There is a need of fintech apps targeted at feature phone users and those smartphone users for whom online payments are disabled.
Building a truly financially inclusive society
Initiatives such as Jan-Dhan Yojana and Aadhaar have helped bring a large number of Indians into the formal financial system.
Jan Dhan Yojana to be an open-ended scheme
Pradhan Mantri Jan Dhan Yojana will now be an open-ended scheme and have double the overdraft facility along with a higher insurance cover.
