Enriching Financial Inclusion through Fintech

Financial Inclusion is a comprehensive approach to address multiple social issues such as gender disparity, inequality, financial dependence, social security, lack of financial planning, and overall development in qualitative and quantitative terms by providing access to financial and other correlated services to unserved areas of society at affordable cost. The Government of India is inclined toward SDG 7 and initiated numerous time-bound schemes to achieve inclusion through financial technologies. This paper is an attempt to understand financial inclusion and how financial technologies are enriching financial inclusion and what are the major obstacles and avenues for fintech to foster financial inclusion.