03 OCT,2023 | MEDC
The Economic Affairs Secretary said that digital public infrastructure (DPI) led to savings of over $27 billion in government schemes. India has achieved 80% account opening penetration from just 20% within a span of 7-8 years due to DPI. This would have taken 47 years in the normal course as per a study by the Bank of International Settlements. The use of direct benefit transfers in the past decade ensured that money reached the targeted beneficiaries and bogus accounts were weeded out. This is a quantum leap in enhancing systemic transparency. It is in the private sector’s long-term interest to invest in DPI and boost India’s financial inclusion agenda.
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Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra