India to join UN’s Better Than Cash Alliance to achieve financial inclusion
India has decided to join UN-based Better Than Cash Alliance with a view to reduce cash transactions in its economy and achieve financial inclusion.
The official announcement in this regard was made on the first anniversary of Government’s flagship financial inclusion programme Pradhan Mantri Jan Dhan Yojana (PMJDY.)
Partnership with this UN alliance is an extension of Indian Government’s commitment to reduce cash transactions in its economy as digitization of payments to achieve financial inclusion a top priority.
Better Than Cash Alliance is made up of Governments, international organizations and companies. It accelerates the transition of economy from cash to digital payments in order to reduce poverty and drive inclusive growth.
Categories: Banking Current Affairs 2017