Over the past few years, India has been going from innovation to innovation to promote financial inclusion through technology. During a seminar on financial inclusion organized by the United Nations, Shri Ravi Shankar Prasad, Union Minister for Electronics & Information Technology and Law & Justice, made clear India’s intention to become a leader in transformative digital technology.
The purpose of this initiative is to promote digital inclusion, with a view to providing the Indian population, including marginalized groups, with fair and easy access to formal financial services. All the transformative programmes that the country has implemented so far are technology-based and have digital inclusion as a common thread. The emphasis is on making technology affordable, inclusive and developmental.