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.
India is a social welfare state. Rs. 2,700 billion (US$43 billion) have been allocated for subsidies in FY 2015-16. The enormous scale and the sheer number of people involved in the logistics of ferrying food grains, cooking gas and a host of other commodities across the country leads to “leakages”.To achieve the dual objectives of: […]