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Economic Growth Opportunities with Promotion of Financial Inclusion in Digital India | IEEE Conference Publication | IEEE Xplore

Economic Growth Opportunities with Promotion of Financial Inclusion in Digital India


Abstract:

This paper examines the areas where corporations in India can enter into, allowing them to leverage government initiatives like Jan Dhan – Aadhar and Mobile infrastructur...Show More

Abstract:

This paper examines the areas where corporations in India can enter into, allowing them to leverage government initiatives like Jan Dhan – Aadhar and Mobile infrastructure (JAM) and Digital India in the coming years, for developing cost-effective and affordable products and services while enhancing their financial and digital capabilities in new avenues. With the launch of Jan Dhan – Aadhar and Mobile (JAM) infrastructure in 2015 by the Government of India, it became a watershed moment in the country's economic history in promoting financial inclusion for the first time at a massive scale. With 250+ million bank accounts been opened, the government has been successful in laying ‘1 Billion– 1 Billion–1 Billion vision’ for the country in terms of the bank accounts, Aadhar cards and mobile network coverage to bring India into financial and digital mainstream. The government along with the financial markets regulator and the central bank has also laid out its vision in granting universal access to financial services to all the citizens of the country.
Date of Conference: 02-04 December 2022
Date Added to IEEE Xplore: 05 January 2023
ISBN Information:
Conference Location: Ottawa, ON, Canada

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