| | MAY 20234The faster financial inclusion, especially in the rural areas of India, will be a crucial aspect of the Indian government's dream of becoming a $5 trillion economy. Indeed, Pradhan Mantri Jan Dhan Yojana (PMJDY) has been on a long stride towards this ambitious goal. The iconic program of the Government of India that it launched right after Prime Minister Narendra Modi took oath in 2014, PMJDY aims to democratize affordable access to financial services such as bank accounts, remittances, credit, insurance, and pensions. The program has been a considerable success with 44.82 Crore banking accounts opened so far under the scheme with a cumulative balance of Rs. 160,839.87 crore. Today, 1.26 lakh Bank Mitras deliver branchless banking services in Sub-Service Areas under the scheme. On the other hand, to effectively track and enhance financial inclusion in the country, the Reserve Bank of India (RBI) in 2021 constructed a composite Financial Inclusion Index (FI-Index) based on multiple parameters that will reflect the broadening and deepening of financial inclusion in the country. According to the latest value of FI Index (March 2022), which stood at 56.4, with growth witnessed across all the sub-indices. Needless to say, we are still miles away from where we want to be. It takes a collaborative approach to improve the FI-Index, wherein the private sector banks and NBFCs will have to play an instrumental role. In this edition, we have researched and curated stories of a handful of exceptional leaders from the BFSI segment.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comThe Blooming Fin-Tech-ade EditorialVol 04 · Issue 5 - 1 · MAY, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Senior Designer Girisha M Asokan Vayshnavi P. D.NoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagersSaurav SaraswatTo subscribeVisit https://www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs. 150 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Info Connect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 Info Connect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.VP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Heena Kousar Keerthana Kantharaj Roopalatha H Hima P. M.
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