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Financial Inclusion

5 articles
Financial inclusion initiatives in India are gaining significant momentum, driven by both policy and technological advancements. Recent developments highlight the expansion of India Post Payments Bank, now serving over 13 crore customers and processing substantial digital transactions, alongside efforts to bolster self-help group (SHG) financing. A new UPI framework exempts the vast majority of merchant transactions from MDR fees, promoting wider adoption while establishing a fund to support smaller merchants. With ambitious targets to provide ₹11 lakh crore in credit to SHGs and individual women entrepreneurs, and partnerships expanding pension outreach through community facilitators, these efforts aim to empower rural women and strengthen financial security across India.