216 million people under financial inclusion via Mobile Banking: A. Sundararajan

Addressing the session on – A Digital Bridge Growth –at the IACC’s (Indo-American Chamber of Commerce) in Mumbai, Aruna Sundararajan, IAS, Secretary, Department of Telecommunications, Government of India, said that in the last eight months 216 million people have been brought under the ambit of financial inclusion using mobile banking. Now the number of people having bank accounts in the country has surged to 65%.

“Never before such a massive scale of enrollment in the banking sector has happened in India. It is indicative of how digital space is connecting the government with the masses and vice versa,” she said. She also referred to how the direct transfer of subsidy to the marginalized people was made possible through mobile telephony and assured that more such welfare measures would be undertaken by the government with the help of technology.