Tag: financial inclusion in India

MSC collaborated with the Reserve Bank Innovation Hub (RBIH) to publish a whitepaper on “Gender and Finance in India” for its Swanari program. The paper discusses the current landscape of gender and finance in India. It highlights the critical gender gaps in women’s access to and usage of financial services. The whitepaper also shares some good practices and core enablers for closing the gender gap in financial inclusion.

Lakshya is a digital savings platform that provides access to formal savings and insurance to low- and middle-income (LMI) segments in India. It promotes the uptake of formal financial services and financial health within the community. This blog explores the journey of Lakshya and the positive impact it hopes to create within LMI segments.

The network of business correspondents (BCs) has evolved into the backbone of financial inclusion in rural India. However, it continues to face challenges, which were further aggravated during the COVID-19 pandemic. This blog highlights three key issues that hinder the sustainability of the BC model.

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.

The blog focuses on the four personas that represent the majority of the mass market that has been the target for financial inclusion in India

There exists an immense potential for G2P payments to further the cause of financial inclusion in India. This note analyses the impediments that affect the realisation of this potential from both demand and supply sides.