Financial Inclusion
Latest news, explainers and analysis on Financial Inclusion. Tracking 25 stories on Arth Vani.
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Latest on Financial Inclusion
BreakingPM SVANidhi Scheme Extended to 2026: Collateral-Free Loans Up to ₹50,000 for Street Vendors
The Indian government has extended the PM SVANidhi scheme until December 2026, offering collateral-free working capital loans to street vendors. This initiative aims to provide financial support and promote digital transactions among small businesses, with loan amounts ranging from ₹10,000 to ₹50,000 across successive tranches.
Indian Self-Help Groups Urged to Catalyze Women-Led Enterprises
India's self-help groups (SHGs) are being called upon to transition from their traditional roles to actively fostering women-led enterprises. This shift aims to harness the collective strength of women, empowering them economically and contributing significantly to the nation's financial landscape.
BreakingFinance Minister: UPI Processes Nearly 80 Crore Daily Transactions
Finance Minister Nirmala Sitharaman has revealed that the Unified Payments Interface (UPI) now records close to 80 crore transactions every single day. This milestone highlights the massive adoption and critical role of digital payments in India's economy, driving convenience for millions of users.
BreakingPM Modi Inaugurates RBI Cyber Institute, Warns of Economic Cyber Warfare
Prime Minister Narendra Modi inaugurated the Reserve Bank of India's new data centre and Cybersecurity Training Institute in Bhubaneswar, emphasizing the critical need to protect India's banking system from growing cyber threats. He highlighted that modern warfare increasingly targets economies and called for robust digital security measures.
BreakingFinance Ministry to Launch Nationwide Financial Inclusion Drive Across 2.7 Lakh Local Bodies
The Union Finance Ministry is set to launch a major financial inclusion campaign across 2.70 lakh gram panchayats and urban local bodies nationwide. This initiative aims to ensure widespread access to financial schemes, with banks organizing camps for enrolments, Aadhaar seeding, and updates to savings account nominations.
BreakingMaharashtra Governor: Financial Inclusion Must Expand Beyond Bank Accounts to Credit, Insurance, Pensions
Maharashtra Governor has underscored the need to expand financial inclusion beyond merely opening bank accounts. The focus must now shift towards ensuring comprehensive access to vital financial services like credit, insurance, and pensions for all citizens.
BreakingIndia's Digital Infrastructure Ranks Among World's Top 10 Reforms: CareEdge
CareEdge has identified India's digital infrastructure as one of the top 10 most effective reforms globally. This recognition highlights the significant impact of platforms like UPI and Aadhaar on financial inclusion and economic efficiency.
Viyona Fintech Eyes Zimbabwe Expansion with Smartphone Payments
Indian fintech firm Viyona Fintech is in discussions with the Zimbabwean government to introduce a smartphone-based payment platform. This move aims to boost digital financial inclusion in the African nation.
NeoGrowth Secures ₹85 Crore Funding from FMO, LeapFrog Investments
NeoGrowth, an Indian Non-Banking Financial Company (NBFC), has successfully raised ₹85 crore in funding from two prominent global investors: FMO, the Dutch entrepreneurial development bank, and LeapFrog Investments. This capital injection is set to strengthen NeoGrowth's ability to provide crucial credit solutions, primarily to small and medium-sized enterprises (SMEs) across India.
BreakingNBFCs Crucial for First-Time Borrowers, Support Half of New Credit Users
Non-Banking Financial Companies (NBFCs) are playing a vital role in expanding credit access in India, originating 50% of all loans to individuals or businesses new to the credit system. This highlights their significance in financial inclusion and providing a gateway to formal credit for a large segment of the population.
IRDAI Paper Targets Insurance Commissions, Market Concentration, Rural Access
India's insurance regulator, IRDAI, has released a distribution reform paper focusing on key areas like commissions paid to agents, market concentration among distributors, and extending insurance reach to rural areas. This move aims to make insurance products more accessible, affordable, and transparent for retail customers across the country.
Bajaj Finance Boosts Financial Literacy & Cyber Safety for Tribal and Migrant Workers in Kodagu
Bajaj Finance has launched a new initiative in Kodagu, Karnataka, to provide essential financial literacy and cyber fraud awareness programs. The program targets tribal communities and migrant workers, aiming to empower them with critical knowledge for better financial decision-making and protection against digital scams.
RBI Conference in Srinagar Focuses on Financial Inclusion, Cyber Security
The Reserve Bank of India (RBI) recently convened a conference in Srinagar, emphasizing crucial financial sector initiatives and raising awareness about cybersecurity. The event underscored the central bank's commitment to expanding financial access and protecting consumers in an increasingly digital financial landscape.
RBI Convenes Srinagar Conference on Financial Initiatives, Cybersecurity
The Reserve Bank of India (RBI) recently organised a significant conference in Srinagar, focusing on critical themes of financial initiatives and cybersecurity. The event underscores the central bank's ongoing commitment to fostering a robust and secure financial ecosystem across India, including the Kashmir region.
RBI Srinagar Conference: Focus on Financial Inclusion and Cyber Security Awareness
The Reserve Bank of India (RBI) recently held a high-level conference in Srinagar to drive financial sector initiatives and strengthen cyber security. The meet focused on expanding the reach of government schemes and protecting retail customers from digital fraud.
BreakingFirst-Time Borrowers Drive Credit Growth: Uptake Jumps to 74% Among Eligible Indians
Credit uptake among eligible first-time borrowers in India has more than doubled, reaching 74%. This significant increase indicates a deepening of credit penetration across the country, driven by new entrants to the formal credit system.
BreakingSBI to Use UPI Data for Loans to Small Businesses Without GST
State Bank of India (SBI) plans to leverage Unified Payments Interface (UPI) transaction data to offer loans to small businesses that are not registered under the Goods and Services Tax (GST) regime. This initiative aims to expand credit access for a significant segment of informal businesses.
BreakingIndia's Financial Inclusion Drive: Banking Every Citizen for Household Empowerment
India is actively pursuing a comprehensive financial inclusion strategy aimed at providing every citizen access to essential banking and financial services. This initiative seeks to empower households across the nation by integrating them into the formal financial system. The core objective is to ensure economic stability and growth by making services like savings, credit, and insurance universally available.
BreakingWorld Bank, Mastercard, Visa Launch Initiative to Expand Digital Payments in Emerging Markets
The World Bank has partnered with global payment giants Mastercard and Visa to launch a new risk-sharing initiative. This collaboration aims to help local financial institutions in emerging markets expand their digital payment offerings. The goal is to accelerate financial inclusion and modernize payment systems in these regions.
Indian Microfinance Sector Faces Deepening Funding Imbalance
Recent reports indicate a growing funding skew within India's microfinance sector, suggesting an uneven distribution of capital access among institutions. This trend could impact the ability of certain microfinance entities to lend, though specific details and the extent of the imbalance are not detailed in the available information.
Egypt's yomo Secures Bank License, Set to Transform Digital Banking for Millions
Digital banking platform yomo, backed by Commercial International Bank (CIB), has received its first banking license in Egypt. Launched on August 21, 2026, yomo aims to simplify financial management and increase accessibility for millions of Egyptians, both domestically and abroad.
Bangladesh Bank Approves SahajMobile's Pilot for Smartphone & Credit Access
SahajMobile BD Limited has received a No-Objection Certificate from Bangladesh Bank to launch a six-month pilot program. Starting August 13, 2026, the initiative aims to expand access to smartphones and responsible credit in Bangladesh through a transparent, supervised model.
BreakingIndia's Credit Growth Surges: 74% Indians to Seek Loans by 2026, Led by Women & Non-Metro Areas
India is experiencing a remarkable expansion in its credit market, with the percentage of eligible citizens opting for loans projected to reach 74% by 2026, a significant leap from 34% in 2017. This robust growth is primarily driven by increasing financial participation from women, younger borrowers, and consumers residing in non-metro regions across the country, indicating a profound shift in financial inclusion.
BreakingUPI Transactions Soar to Record ₹29.9 Lakh Crore in July
India's popular Unified Payments Interface (UPI) recorded a new high in July, processing transactions worth a staggering ₹29.9 lakh crore. This monumental figure was achieved across 23.66 billion transactions, marking a significant 19% increase in value compared to last year.
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