The basic financial services with the introduction of 3-year FIP (Financial Inclusion Plans) and PMJDY (Pradhan Mantri Jan Dhan Yojna) became accessible to the public.

Financial And Digital LiteracyLack of effective and broad-based financial and digital literacy is preventing full-scale implementation of financial inclusion.

Increased Utilisation Of FI InfrastructureAll the sectors that are currently engaged with Financial Inclusion such as NGOs, banks, non-banking financial companies, and government departments should be encouraged to increase the utilization of financial inclusion infrastructure as it has been built by investing huge sums of money.

And that data derived from digital technologies can help commercial banks and other bureaus to come up with suitable financial products and evaluate prospective clients more efficiently and improved financial services will foster financial inclusion in India.

Financial inclusion aims to provide economically priced financial services to the underserved sections of the society so that they can be financially independent. | To read full story, visit https://startuparound.com/read/1585393205.6113818/How-India-Can-Move-Towards-Financial-Inclusion??ref=audio_experience