India’s blanket approach to financial inclusion is leaving women behind: Here are four ways to close the gender gap
India has been at the forefront of digital innovations in financial services, helping millions participate in the financial economy through their mobile phones. However, this progress and innovation are meaningless for the millions of Indian women who remain excluded from basic banking in the first place. The strategies we have discussed in this blog directly impact women’s financial inclusion.
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.