Union Minister holding Law and Justice, Ravi Shankar Prasad on Wednesday said that financial Inclusion will only succeed when there is transparent & honest governance adding that digital information is crucial to achieving that. He said digital inclusion must be the common thread in governance.
“This is the age of information, and the information is power. This is the age of technology, and technology is power, and this technology must empower India. We also want to create a digital ecosystem, which leads to digital inclusion,” said IT & Law Minister Ravi Shankar Prasad.
“Three more attributes are important to be kept in mind when we talk about digital inclusion. First, technology must be affordable; second, technology must lead to inclusion, and, third, technology must be developmental.” Prasad said
“Digital inclusion is saving tax payers money, creating good governance & leading to empowerment,” said Prasad.
The Minister said that Direct Benefits Transfer (DBT) is a great success story of financial inclusion and Digitisation of financial activity further strengthens the DBT scheme.
He also talked about the importance of digital payments in small scale business industries.
“Digital payments records of small businesses will enable them to take loans from banks,” he said.
Prasad said that Digital India is more for poor and underprivileged adding that government is undertaking transformative initiatives like Digital India, Make in India, Start-up India, Smart Cities, and Skill India through technology based programmes