'Balance batao', 'digital didi': Fintech transforming financial inclusion

From the government's coffers, Rs 5,000 for opening an account for a child born into a poor family will be yet another milestone for financial inclusion, after PMJDY

A Digital Didi is a literate young woman — could be in high school, college or even a homemaker who is willing to spend a couple of hours a day to spread financial literacy

Ever since former Reserve Bank of India (RBI) Governor Y V Reddy coined the term in 2005, India has come a long way on the path of “financial inclusion”. Reddy used the term in the annual monetary policy for the financial year 2005-06 (released on April 20, 2005).

The JAM (Jan Dhan accounts, Aadhaar cards and mobile numbers) trinity has given it a big