Financial inclusion in India received a huge boost, thanks to the PMJDY program, Aadhaar, and the expansion of mobile connectivity throughout the country; but the real catalyst is the country’s digital benefits transfer program.
How many accounts does a man have to open to be financially included?
It was a hot afternoon during one of our recent agent network assessment studies, when I got the opportunity to meet Raju. He seemed no different from the typical participants in our focus group discussions in Bihar. A farmer somewhere in his middle 30s, thin and frail, wearing a half-sleeved ‘baniyan’ (vest) and pants with […]
Does the new inclusion scheme risk adding a Rs. 1,000 billion subsidy burden?
Here the author reviews the comprehensive financial inclusion scheme launched by the Prime Minister of India and concludes the scheme has right intent but needs meticulous attention to cover potential pitfalls.