Role of Technology in Driving Financial Inclusion in India

By providing small loans and other financial services to poor people, microfinance has generated considerable enthusiasm and demonstrated that how it is still possible to deliver financial services to unbanked low income households. Since microfinance targets low income groups, it ensures financial inclusion and protects their financial wealth and other resources in necessary circumstances. This paper discusses how technological advancement in the area of finance can be appropriately used in accelerating the pace of financial inclusion in India.