Digital Initiatives for Financial Inclusion in India
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Abstract
Financial inclusion is the set of measures put in place to combat banking and financial exclusion.Digital financial services is a great tool to provide the underserved with the basic financials services and bring them under the umbrella of financial inclusion.Though there has been improvement in digital transactions in the country, there are still issues of dormant accounts, last-mile connectivity of banks and other financial institutions. Owing to this setting,this paperexamines the challenges in accelerating digital financial inclusion in India and provide recommendations for making digital services accessible to its citizens.
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