Emerging insights from digital solutions in financial inclusion

In a rapidly digitizing country, Digital Financial Services (DFS) hold the promise of bringing financial inclusion to last mile. Through use DFS, vulnerable and marginalized groups can reduce risk cost using cash, increase their access suite services that would have been otherwise unavailable, or difficult obtain, such as credit, savings, insurance, pension. This paper provides an overview policy environment regulating digital finance in India well presents high-level statistics on level digitization across population segments country. It then moves describe readiness, current usage services, specific issues solutions for three with high potential: women, micro-entrepreneurs, domestic migrants. is complemented by insights drawn from LEAD at Krea University’s primary research these topics. Finally, recommendations accelerate penetration among groups. These include monitoring implementation recently introduced policies data privacy, grievance redressal, KYC simplification. also recommended develop customized address unique needs profiles groups, those specifically analysed this paper.