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Digital financial inclusion: next frontiers—challenges and opportunities
India’s Financial Inclusion journey has been phenomenal in the last decade and expressly promoted by the Government of India through their Digital India Movement & Pradhan Mantri Jan Dhan Yojana. Reduction of poverty and addressing the challenges of ensuring sustainable income could become a key...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer India
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8371586/ http://dx.doi.org/10.1007/s40012-021-00328-5 |
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author | Malladi, Chandra Mohan Soni, Rupesh K. Srinivasan, Sanjay |
author_facet | Malladi, Chandra Mohan Soni, Rupesh K. Srinivasan, Sanjay |
author_sort | Malladi, Chandra Mohan |
collection | PubMed |
description | India’s Financial Inclusion journey has been phenomenal in the last decade and expressly promoted by the Government of India through their Digital India Movement & Pradhan Mantri Jan Dhan Yojana. Reduction of poverty and addressing the challenges of ensuring sustainable income could become a key factor to achieve an inclusive society. Information and Communication Technology are providing access to unbanked population progressively and helping to bring them into the banking segment. Digital Technologies are driving usage and making a positive impact on livelihood of citizens. In this paper we are discussing on what is achieved in Financial Inclusion so far and what next and how do we leverage and harness digital technologies to achieve an inclusive society. This paper enlists various challenges that continue to prevail in achieving an inclusive society. We have put forth recommendations on addressing the key challenges and qualified the importance of collaboration and transparency between all the key stakeholders to achieve an inclusive ecosystem. |
format | Online Article Text |
id | pubmed-8371586 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Springer India |
record_format | MEDLINE/PubMed |
spelling | pubmed-83715862021-08-18 Digital financial inclusion: next frontiers—challenges and opportunities Malladi, Chandra Mohan Soni, Rupesh K. Srinivasan, Sanjay CSIT Original Research India’s Financial Inclusion journey has been phenomenal in the last decade and expressly promoted by the Government of India through their Digital India Movement & Pradhan Mantri Jan Dhan Yojana. Reduction of poverty and addressing the challenges of ensuring sustainable income could become a key factor to achieve an inclusive society. Information and Communication Technology are providing access to unbanked population progressively and helping to bring them into the banking segment. Digital Technologies are driving usage and making a positive impact on livelihood of citizens. In this paper we are discussing on what is achieved in Financial Inclusion so far and what next and how do we leverage and harness digital technologies to achieve an inclusive society. This paper enlists various challenges that continue to prevail in achieving an inclusive society. We have put forth recommendations on addressing the key challenges and qualified the importance of collaboration and transparency between all the key stakeholders to achieve an inclusive ecosystem. Springer India 2021-08-18 2021 /pmc/articles/PMC8371586/ http://dx.doi.org/10.1007/s40012-021-00328-5 Text en © CSI Publications 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Original Research Malladi, Chandra Mohan Soni, Rupesh K. Srinivasan, Sanjay Digital financial inclusion: next frontiers—challenges and opportunities |
title | Digital financial inclusion: next frontiers—challenges and opportunities |
title_full | Digital financial inclusion: next frontiers—challenges and opportunities |
title_fullStr | Digital financial inclusion: next frontiers—challenges and opportunities |
title_full_unstemmed | Digital financial inclusion: next frontiers—challenges and opportunities |
title_short | Digital financial inclusion: next frontiers—challenges and opportunities |
title_sort | digital financial inclusion: next frontiers—challenges and opportunities |
topic | Original Research |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8371586/ http://dx.doi.org/10.1007/s40012-021-00328-5 |
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