Cargando…

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...

Descripción completa

Detalles Bibliográficos
Autores principales: Malladi, Chandra Mohan, Soni, Rupesh K., Srinivasan, Sanjay
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer India 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8371586/
http://dx.doi.org/10.1007/s40012-021-00328-5
_version_ 1783739673456148480
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
work_keys_str_mv AT malladichandramohan digitalfinancialinclusionnextfrontierschallengesandopportunities
AT sonirupeshk digitalfinancialinclusionnextfrontierschallengesandopportunities
AT srinivasansanjay digitalfinancialinclusionnextfrontierschallengesandopportunities