The Pathways to Enhancing Financial Inclusion (PEFI) project aims to achieve the Sustainable Development Goals in India. PEFI will achieve its mission by providing support to NITI-Aayog (National Institution for Transforming India), the policy think tank of the Indian government.
MSC has been working to enhance the status of six selected indicators of financial inclusion in 27 aspirational districts spread across eight states in India. The project involved stationing financial inclusion coordinators in each district. The coordinators have been working alongside the existing government and banking machinery to support, develop, and customize models of financial inclusion.
The project would achieve four key objectives:
The project touches the financial lives of over 44 million people across 27 districts with products such as savings, credit, insurance, and pension.