53 Crore Jan Dhan Accounts, Rs 27 Lakh Crore Micro Loans: PM's Fintech Report Card
NDTV
PM Modi said loans worth over Rs 27 lakh crore have been disbursed under the Pradhan Mantri MUDRA Yojana, world's largest microfinance scheme.
Prime Minister Narendra Modi on Friday said India is adopting fintech with "unmatched speed and scale" which is unparalleled in the world. Over the past decade, the fintech sector in India has witnessed a significant rise, with investments exceeding $31 billion.Indian fintech startups have experienced a remarkable 500% growth during this period.- PM @narendramodiWatch the full video: https://t.co/bEZxBerqP4pic.twitter.com/kCqblSkEwC जन धन, आधार और मोबाइल की ट्रिनिटी ने एक और transformation को गति दी है।कभी लोग कहते थे कि 'Cash is King'. आज दुनिया का करीब-करीब आधा real time digital transaction भारत में होता है ।पूरी दुनिया में भारत का UPI, फिनटेक का बहुत बड़ा उदाहरण बन गया है।- पीएम श्री @narendramodi… pic.twitter.com/sH2XUlDbAS
Speaking at the Global Fintech Fest 2024, he said his government was taking measures at the policy level to promote the fintech sector, which attracted over $31 billion in investments in the last 10 years and has seen startups grow by 500 percent.
"Fintech has played a significant role in democratising financial services. In this festive mode, Global Fintech Festival is being conducted in the dream city of Mumbai. There was a time when people were surprised to see our culture, now they are equally amazed to witness the fintech diversity of India. From landing at the airport to street food and shopping experiences, India's fintech industry is visible everywhere," he said.
