At the completion of two years since the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY), one of the the largest financial inclusion programmes in the world, India’s example for leading innovations in financial inclusion, access, and technology can provide important learnings for other countries.
The United Nations in India is bringing together leaders of this financial revolution, with senior level stakeholders from the government, the banking sector, microfinance institutions, innovators, technology providers, CSOs, intergovernmental organisations, and the UN to a daylong conclave on 13 September, New Delhi.
The programme is divided into four main sessions, focusing on physical access and infrastructure of financial inclusion, maximising financial access and literacy for women and marginalised groups, and using technology and innovation to determine the way forward.
The event will seek to do the following:
- Identify the big opportunities for financial inclusion initiatives in India, especially in the context of its demographic advantage and the experience of the PMJDY.
- Analyze challenges to financial inclusion in India, in terms of physical infrastructure, geographic spread, access for marginalized groups, including women, people with disabilities, and other vulnerable communities, knowledge and capacity building, promoting financial literacy, and promoting labour market inclusion through financial inclusion.
- Discuss the role of technological disruption and innovative policy frameworks in accelerating financial inclusion and reaching the hard to reach populations.
- Examine the role of financial inclusion as an accelerator of economic growth, social protection, and sustainable development, especially through the unique nexus between financial access, unique identification, and mobile phones (Jan Dhan, Aadhar, and Mobile).
- Identify the way forward