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ET Financial Inclusion Summit: DBT scheme's proved to be a boon for crores of Indians


ET Financial Inclusion Summit: DBT scheme’s proved to be a boon for crores of Indians
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ET Financial Inclusion Summit: DBT scheme’s proved to be a boon for crores of IndiansET Bureau
Last Updated: Jul 19, 2021, 09:01 AM IST
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Digital adoption was also accelerated by the pandemic as withdrawals by DBT beneficiaries increased two-thirds last fiscal.
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India took a giant leap toward financial inclusion by harnessing technology to directly transfer federal welfare benefits to individual bank accounts, bringing about 300 million of its marginalised citizens within the ambit of formal financing.
The Aadhaar-based Direct Benefit Transfer (DBT) system has brought banking access in some form to about 80% of India’s population by 2017, up from 50% in 2014. Plans are afoot to provide DBT beneficiaries access to a larger bouquet of financial services, said the panellists at a plenary session at the ET Financial Inclusion Sum ....

Mehnaz Safavian , Jan Dhan , Abhinav Sinha , Saurabh Garg , Rajeev Yadav , Pension Fund Regulatory , Identification Authority Of India , India Post Payments Bank , World Bank , Development Authority , Eko India Financial Services , Exchange Board Of India , Fincare Small Finance Bank , Aadhaar Based Direct Benefit Transfer , Unique Identification Authority , Fincare Small Finance , Eko India Financial , India Post Payments Banks , Insurance Regulatory , Exchange Board , ஜான் தன் , ச Ura ரப் கார்க் , ராஜீவ் யாதவ் , ஓய்வூதியம் நிதி ஒழுங்குமுறை , அடையாளம் அதிகாரம் ஆஃப் இந்தியா , இந்தியா போஸ்ட் கொடுப்பனவுகள் வங்கி ,