How Adoption of Digital Technologies and Payments Methods are Boosting Delivery of Credit in the Rural Areas

New Delhi

During FY2017-18, the number of adults with bank accounts in India grew to 80per cent, marking a significant rise in the number of individuals with access to banking services. The development was primarily driven by the government’s push for greater financial inclusion through initiatives like the Pradhan Mantri Jan Dhan Yojna, Aadhaar-enabled biometrics, and mobile phone – collectively termed as JAM.

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